The Fancy Color Research Foundation (FCRF) shares that diamond prices for fancy colored gems such as pink and blue diamonds grew in 2016. Especially the demand for unique blue and pink diamonds climbed in prices. The blue diamonds jumped according to the fancy color diamond index 5.5%. In the meantime, the pink diamonds increased 1.4% while the yellow colored diamonds fell 4% in their diamond prices.
Reason for the peak in blue diamond prices is according to Jim Pounds, executive vice president for diamonds and chairman of FCRF, the combination of very little supply and the market’s healthy demand. In addition, the overall supply of high-quality and well-cut blue and pink diamonds with fancy color grade vivid is not enough to maintain a stable price. The strongest diamond price performers of the colored diamonds among the blue diamonds are 10 carat, 1 carat, and 2 carats. The 10-carat blue diamond price increased 5.6%, the 1-carat diamonds 4.8%, and 2-carat blue diamonds 4.3% of the diamond price increase.
Pounds pointed out that the diamond prices for yellow diamonds looking ahead should be positive. Furthermore, highly saturated yellow rough diamonds, especially vivid color achieved high prices in tenders and are likely to improve in demand and that higher demand will push the prices.