Aug 6, 2018 8:18 AM By Rapaport News
RAPAPORT… Fancy blue diamonds continued to outshine other major color categories in price terms during the second quarter, the Fancy Color Research Foundation (FCRF) said.
Prices of fancy blues climbed 6% year on year for the three months ending June 30, according to the FCRF, which released its quarterly Fancy Color Diamond Index (FCDI) on Monday.
By contrast, prices of fancy pink diamonds declined 0.6%, while yellows slid 0.7%, the organization said. The overall index for fancy-color diamonds inched up 0.5%.
Prices of stones from 1 to 3 carats increased across all colors, but the index decreased slightly for diamonds weighing 3 carats and higher. Among pinks, the strongest categories were 2-carat fancy pinks, 1-carat intense pinks and 3-carat vivid pinks, the FCRF said.
The price of yellow fancy-color diamonds rose 0.2% quarter on quarter, the first time the category has seen an increase in four years.
“The demand for the 1- to 3-carat weight category remains positive as they are relatively more affordable in their total amount compared to 3 carats and above,” said Jim Pounds, an FCRF advisory board member. “However, larger exceptional yellows continue to command strong prices.”
The Fancy Color Diamond Index tracks prices of fancy yellow, pink and blue diamonds in Hong Kong, New York and Tel Aviv.
Image: A rectangular-cut, 3.09-carat, fancy intense blue diamond ring with a tapered baguette-cut diamond on either side. The piece sold at Christie’s Magnificent Jewels auction in New York in April for $5.4 million. Credit: Christie’s
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