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Yellow Prices to Increase in 2019, Says FCRF
Feb 5, 2019 6:04 AM
By Rapaport News
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RAPAPORT... A reduced supply of vivid-yellow diamonds will drive a price
increase this year, according to the Fancy Color Research Foundation (FCRF).
“In the last three years we witnessed a substantial [quantity]
of vivid yellows coming to market, mainly from the Misery Pipe at [Dominion
Diamond Mines’] Ekati mine in Canada,” Jim Pounds, FCRF advisory board member and executive vice president of diamonds at Dominion, said Monday. “However, as the mine transitions from open-pit mining to
underground, a substantially reduced [number] of stones will be available
during 2019. Therefore, we anticipate a slight increase in vivid-yellow
prices.”
The organization’s Fancy Color Diamond Index for yellows
fell 2.1% year on year in the fourth quarter, while prices of blues climbed
4.1%, the FCRF said. Pink fancy-color diamonds inched up 0.1%, with the overall
index rising 0.2%.
In 2018, prices for all fancy-intense categories increased by 0.7%, while
fancy-vivid stones rose 1.5%.
Prices of fancy-intense-blue diamonds increased 1.9% versus
the previous quarter, while 2-carat pinks rose by 1.1% overall, with
fancy-vivid pinks increasing 2.1% and 10-carat fancy pinks falling 0.8%.
Fancy-vivid-yellow diamonds weighing 5 carats grew 1.2% during the period.
The index tracks prices of yellow, pink and blue fancy-color
diamonds in Hong Kong, New York and Tel Aviv.
Image: A 60.59-carat fancy-vivid-yellow diamond from the Gahcho Kué mine. (Mountain Province)
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Tags:
Dominion Diamond Mines, ekati, Ekati mine, Fancy Color Research Foundation , FCRF, Jim Pounds, Misery Pipe, Rapaport News
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