Fancy blue diamond fetching high prices: FCRF

27-04-2017 15:15 PM

AOJ E-NEWS: Blue diamonds outperformed the rest of the fancy-colour market in the first quarter, as high demand for the rare stones continued to drive prices, according to the Fancy Colour Research Foundation (FCRF).

The price index for blue fancy-colour diamond prices grew 1.9% from the previous quarter and jumped 5.7% from a year ago, the FCRF said on 25th April. This compared with a 0.2% price increase for all fancy-colour diamonds since the previous quarter, 0.7% year on year.

“Highly coveted fancy intense and vivid blues are challenging to find in the market, while interest and demand for these categories continue to grow,” said Eden Rachminov, chairman of the FCRF’s advisory board. “This trend is likely to continue well into 2017 as owners react to supply shortages with price hikes.”

Across all colour segments, diamonds labelled “fancy intense” or “fancy vivid” gained value, partly offset by declines in diamonds that were just “fancy,” the foundation explained.

Courtesy: Rapaport

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