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Blue Tops Fancy-Color Market

Strong demand and supply shortages keep prices steady.
Aug 7, 2017 10:41 AM   By Rapaport News
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Prices of fancy blue diamonds performed better in the second quarter than the entire fancy-color market combined, as supply shortages and solid Asian demand kept prices stable, the Fancy Color Research Foundation (FCRF) said Monday.

The FCRF’s Fancy Color Diamond Index for blue diamonds rose 5.5% year on year, in contrast to flat prices for fancy-color diamonds overall. Prices of fancy pink diamonds slipped 0.4%, and yellows fell 2.5%, the index showed.

Compared with the first quarter of this year, fancy-blue prices increased 0.8%, while pinks dropped 0.5% and yellow diamonds declined 0.8%. Overall fancy-color prices were down 0.3%.

Prices of white polished diamonds softened during the same period, with the RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded, RapSpec A3+ diamonds falling 1.4% during the second quarter. The index for 1-carat diamonds as of July 1 was down 8% from a year before.

“Demand in China and other Asian markets for extremely rare fancy-color diamonds is still robust,” said FCRF advisory-board chairman Efraim Zion. “However, the pipeline is experiencing continued supply shortages, which results in price stability, and in some categories continued appreciation. We will not be seeing changes in the foreseeable future.”

Yellow fancy-color diamonds are enjoying “healthy demand,” but their price behavior more closely resembles that of white diamonds, especially in more commercial categories, Zion added.
Tags: blue diamonds, Efraim Zion, Fancy Color Diamond Index, Fancy Color Research Foundation , fancy-color diamonds, FCRF, Pink diamonds, prices, Rapaport News, yellow diamonds
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