Thursday, 27 April 2017

Blue Diamonds in short supply

Blue diamonds outperformed the rest of the fancy-color market in the first quarter, as high demand for the stones continued to drive prices, according to the Fancy Color Research Foundation (FCRF). The price index for blue fancy-color diamond prices grew 1.9% from the previous quarter and jumped 5.7% from a year ago. This compared with a 0.2% price increase for all fancy-color diamonds since the previous quarter, 0.7% year on year.
The "Premier Blue"
Across all color segments, diamonds labeled “fancy intense” or “fancy vivid” gained value, partly offset by declines in diamonds that were just “fancy”.

A 92.15-carat diamond pendant worth up to $20 million will lead Christie’s “Magnificent Jewels” auction in Geneva next month. The heart-shaped, D-color, flawless diamond is the largest of its shape, color and clarity ever to be put up for auction. A 15.03-carat Burmese ruby set in a ring with diamonds is estimated $10 million to $15 million.