Declining Supply Expected To Push Prices of Yellow Diamonds Higher
The price of vivid yellow diamonds is expected to rise this year as a result of declining supply, according to Q4 figures from the†Fancy Color Research Foundation (FCRF). Jim Pounds, FCRF advisory board member and executive vice president of diamond at Dominion Diamond Mines, which has produced high levels of vivid yellow as its Ekati mine in Canada, commented, "as the mine transitions from open-pit mining to underground, a substantially reduced amount of stones will be available during 2019. Therefore, we anticipate a slight increase in vivid-yellow prices.Ē
Yellow prices were down by 2.1% (fancy yellow decreased by 3.9%) in 2018 on a yearly basis, while†blue prices were up by 4.1% (1 to 1.5 carat up by 9.1%) and pink prices remained stable. Across 2018, all fancy intense and fancy vivid diamonds increased by 0.7% and 1.5%, respectively, while the Ďfancyí category decreased by 1.4%. Overall, the Fancy Color Diamond Index increased by 0.2%.