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Yellow Prices Fall in Third Quarter
Nov 7, 2019 8:44 AM
By Rapaport News
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RAPAPORT... Prices of yellow diamonds decreased in the third
quarter, driving down the overall fancy- color index even while pinks and blues
remained steady, the Fancy Color Research Foundation (FCRF) said.
The index for yellows fell 1.5% quarter on quarter for the three
months ending September 30, and 4.9% year on year, according to the FCRF, which
released its quarterly Fancy Color Diamond Index (FCDI) Wednesday.
By contrast, prices of blue fancy-color diamonds inched up
0.1% compared with the second quarter, and 0.5% versus the same period a year
ago, while pinks slipped 0.1% quarter on quarter and increased 0.9% from the 2018 period.
The strongest decrease in the yellow category was in the
3-carat fancy-vivid division, which slid 3.5% from the previous quarter, while
8-carat fancy-vivid yellows fell 10%. The only yellow category that showed no
decrease was fancy-intense yellows weighing 2 carats, FCRF noted.
“The civil unrest in Hong Kong has had a negative impact on
the entire luxury market, including diamonds and jewelry,” said FCRF advisory
board member Ephraim Zion. “Having said that, I’m not surprised that Fancy
Color Diamonds have been more resilient and managed much better than their
counterparts.”
The index tacks prices of yellow, pink and blue fancy-color
diamonds in Hong Kong, New York and Tel Aviv.
Image: A 20.49-carat fancy-vivid-yellow diamond. (Christie’s)
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Tags:
Ephraim Zion, Fancy Color Diamond Index, Fancy Color Research Foundation , FCDI, FCRF, Rapaport News
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