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Blue Diamonds Buoy Fancy Color Prices

Aug 15, 2016 4:02 AM   By Rapaport News
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Fancy color diamond prices rose in the second quarter due to a notable increase in demand for blues and pinks, according to the Fancy Color Research Foundation (FCRF).

Prices edged up 0.4 percent over April to June from the previous quarter, the Fancy Color Diamond Index showed. A 1.1 percent advance in blue diamond prices and 0.7 percent growth in pink prices offset a 0.5 percent decline in fancy yellow prices. Prices in the fancy vivid blue category jumped 8.6 percent, a leap that was underpinned by stronger demand for the 1-carat and 5-carat sizes.

“Fancy intense and fancy vivid color diamonds of all colors enjoy robust demand in the market, driven mainly by supply scarcity that is not likely to change in the foreseeable future,” said Eden Rachminov, chairman of the FCRF’s advisory board. “The situation is different with commercial fancy yellow goods, which is being adversely affected by sluggish U.S. demand.”

The stronger performance of blues and pinks compared with yellows was in line with long-term trends, the FCRF said. However, the overall price increase in the second-quarter contrasted with a weaker first three months in which prices fell 0.1 percent sequentially.

The increase in fancy color prices compares with a 0.7 percent decline in the RapNet Diamond Index (RAPI) for 1-carat, colorless, GIA-graded diamonds in the second quarter.
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