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High Demand for Blue Diamonds Results in Price Rise

Demand for blue diamonds increased substantially during 2016, while demand for yellows continued to fall. For the full year 2016, the Fancy Color Diamond Index rose by 0.4%, driven by price increases for blue and pink diamonds of 5.5% and 1.4%, respectively, and offset by a 4.0% decline in prices of yellow diamonds. 

According to wholesale pricing data collected by the Fancy Color Research Foundation (FCRF), on average prices for fancy color diamonds remained unchanged in the Q4 2016. The overall trends were like the ones identified in the first three quarters. For more than 18 months, transactional data has pointed to two clear pricing trends: consistent demand-driven price increases for blue fancy color diamonds, partially offset by continued price declines in lower-cost, commercial yellow fancy color diamonds.

The strongest price performers during Q4 2016 were the fancy vivid blue in the 10ct, 1ct and 2ct categories, appreciating by 5.6%, 4.8% and 4.3%, respectively. On the other side, price declines between 1-2% were identified across most yellow categories, including “fancy”, intense and vivid. Nevertheless, rare yellow diamonds did not see price declines.

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