Prices of pink diamonds increased the most in the last 10 years compared to those of blue and yellow stones, according to the Fancy Color Research Foundation (FCRF).
Citing latest results of the Fancy Color Diamond Index, the foundation said that from 2010 to 2019, the general index showed a steady market price increase of 77 per cent, led by pink diamonds, which rose 116 per cent. This was followed by prices of blue and yellow diamonds, which increased 81 per cent and 21 per cent, respectively.
Pink diamonds of 5 carats saw a 99 per cent growth in prices while prices of 1-carat fancy vivid blue stones were up 135 per cent. Those of fancy vivid yellow diamonds between 3 and 5 carats climbed 30 per cent.
In 2019, a 1.4 per cent decrease in the general index was recorded, mainly influenced by weaker yellow diamond prices, which dropped 5.4 per cent. Pink and blue categories showed stability.
FCRF Advisory Board member Jim Pounds commented, “The declines we witnessed in 2019 in the fancy color index are a ripple effect caused by the double-digit decrease in the colourless category in the last few years. From the mining perspective, we are currently experiencing a shortage in high-quality fancy color rough and we therefore feel quite optimistic about the future.”