Demand for blue diamonds is up

Logan Sachon

Third quarter prices for blue diamonds were up 2 percent, with fancy vivid blue prices up 6 percent.

The Fancy Color Research Foundation (FCRF), the Tel Aviv, Israel–based nonprofit that works to promote transparency, fair trade, and ethical standards in the colored diamond industry, reports that demand for fancy blue diamonds is up — and that the upcoming auction of an exceptional blue diamond by Sotheby’s may have spurred the interest.

The FCRF tracks pricing data for yellow, pink, and blue fancy color diamonds in Hong Kong, New York, and Tel Aviv.

Compared to the second quarter of 2015, yellow diamond prices were down 2 percent, pink diamond prices remained unchanged, and blue diamond prices were up 2 percent. Vivid blues, the highest rating for fancy colored diamonds, saw prices go up 6 percent over the previous quarter.

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Source JCK Online