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Blue Diamond Scarcity Drives Price Rise
Nov 7, 2017 7:57 AM
By Rapaport News
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RAPAPORT... Blue diamond prices climbed in the third quarter due to
lower supply, according to the Fancy Color Research Foundation (FCRF).
The price of fancy blue diamonds grew 4.7% year on year in the three months ending September 30. They also rose 0.4% from the second quarter, the organization said in a statement Tuesday.
The Fancy Color Diamond Index, which tracks prices of yellow, pink
and blue diamonds in Hong Kong, New York and Tel Aviv, showed an overall
decline of 0.2% year on year for all the fancy-color categories, with
prices increasing 0.2% from the previous quarter.
“As far as supply is concerned, 2017 and the year before
were record-low years for blue fancy-color diamond production from mines,” said
Eden Rachminov, chairman of the FCRF’s advisory board.
“The majority of the blues that are coming into the market
are pre-owned stones. Manufacturers have seen a significant drop in
availability across all sizes and qualities, and consequently prices have
continued to increase,” he added.
Prices of fancy yellow diamonds slipped 2.5% year on year and were 0.1% lower than in the second quarter. Prices of pinks fell 0.6%
compared with last year, and edged up 0.3% from the previous quarter.
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Tags:
blue diamonds, colored diamonds, Eden Rachminov, Fancy Color Diamond Index, Fancy color diamonds, Fancy Color Research Foundation , FCRF, Pink diamonds, prices, Rapaport News, yellow diamonds
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