Prices of pink fancy-color diamonds outperformed other major color categories during the second quarter, the Fancy Color Research Foundation (FCRF) said.
Prices of pinks rose 0.4% quarter on quarter for the three months ending June 30, according to the FCRF, which released its quarterly Fancy Color Diamond Index (FCDI) last week.
By contrast, prices of blue fancy-color diamonds declined 0.3% compared with the first quarter, while yellows slid 0.8%, the organization said. The overall index for fancy-color diamonds slipped 0.1%.
The fancy-vivid-pink category saw a price increase of 1.3%. Within that division, 2-carat fancy-vivid pinks rose 2.8%, while those weighing 3 carats climbed 2.6%. However, prices of 1-carat pink diamonds dropped 0.7%, with 1.5-carat stones falling 0.2%.
The rise in pink prices is likely attributable to media coverage surrounding the upcoming closure of Rio Tinto’s Argyle mine in Australia, which is famous for its pink diamonds, noted Alan Bronstein, president of the Natural Color Diamond Association.
While blue diamonds weighing between 1 and 3 carats saw increases, the overall price was dragged down by a 0.9% decline in the 8-to-10-carat category, FCRF explained.
The downturn in prices of yellow fancy-color diamonds was led by a drop for stones weighing 1 to 3 carats, with 1-carat yellows falling 2.7%. However, prices of 8-carat fancy-yellow diamonds increased 2.1% in the second quarter, compared with a decrease of 4.8% in the first three months of the year.
The weak demand that has persisted in the market overall is also likely affecting prices of colored diamonds, the FCRF said.
“The recent price declines in the white goods created an overall negative psychological effect on all diamonds,” explained FCRF advisory board member Eden Rachminov. “This is probably the reason we also witnessed a decline of 0.1% in the Fancy Color Index.”
The index tracks prices of yellow, pink and blue fancy-color diamonds in Hong Kong, New York and Tel Aviv.
Rav's enthusiasm and passion is contagious! I have a lot of faith and belief in Rav and have no doubt that he will climb the ladder of success. My investment has had a life line of 6 months and whilst I acknowledge that this is a short time, I am more than satisfied with the way things are going.
It has been a pleasure working with Rav & his Group and I am excited about how far this company can grow over the next 5 years. A lot to look forward to.
Not much to complain about regarding this young man, I have followed his movements since 2012 and I am happy to see him pushing and progressing slowly towards his goals. Good luck to you Rav!
A gentleman in all aspects, Rav has treated me and my portfolio with the utter most respect. How many collectors can boast a rare gem portfolio that consists of a Red diamond?!! Rav has knowledge, confidence and reach, making him a very capable young man.
Happy with the way things are going, a little over 18 months in to my investment and no reason for complaints. I like the vision, the strategy and the enthusiasm that Rav brings to the table, making me feel confident about the future ahead.
Very easy going, considerate and polite. He has been very promising, hard working and supportive person. Rav's style of presenting his business portfolio and approach was never pushing. He understands both sides of the world and is keen on making sustainable stronger long term relationship with his clients. This type of qualities are very rare and unique.
I have had the pleasure of working with Rav over the past 4 years. Over this period Rav has helped shape my rare gem portfolio in to a world class profile. Rav is a man of insight, knowledge and market intuition. His services are highly recommended.
Rav is at the start of his journey, and I can see this young man building a formidable legacy over the next 20 years. His vision, understanding of the market and client requirement is a foresight that should not be underestimated.
I have been a client of Rav's since 2010, and also one of his first clients. I take great pride in watching this ambitious man grow and evolve. The fact that he is now the leading specialist in the field of rare gems, speaks volume of his contribution over the past 8 years.
Rav is the man of the moment over in the UK. His history, experience and strong performance in this sector is not to be underestimated. I would not hesitate to recommend Rav's services to anyone that may be looking to build a tangible portfolio of rare gems to place in to an investment strategy.
Rav is creative and passionate in his work and craft. I have been a client of his since 2016 & have enjoyed the journey.