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Fancy Blue Diamond Prices Outpace Yellows, Pinks in 1Q
May 4, 2016 8:55 AM
By Rapaport News
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RAPAPORT... Fancy blue diamond prices outperformed their yellow and pink
counterparts in the first quarter, according to the Fancy Color Diamond Index.
Prices of fancy blue gems rose 1.7 percent sequentially in
the three months compared with a 1.8-percent drop seen in fancy yellow stones.
Fancy pink diamonds nudged up 0.3 percent, the Fancy Color Research Foundation
(FCRF) said.
“Mine supply of highly coveted fancy vivid blues and pinks
continues to be scarce, while demand for this category continues to grow,” said
Eden Rachminov, chairman of the FCRF advisory board. “This trend is likely to
continue well into 2016 as dealers are holding firm on prices in view of the
demand-supply imbalance.”
Overall, fancy-color prices were down 0.1 percent over the
previous quarter. In the same period, the RapNet Diamond Index
(RAPI™)for 1-carat,
colorless, GIA-graded diamonds rose
1.4 percent.
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Tags:
blue diamonds, Fancy Color Diamond Index, Fancy color diamonds, Fancy Color Research Foundation , Pink diamonds, prices, Rapaport News, yellow diamonds
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