At the same time, prices for diamonds fancy yellow and pink colors have remained virtually unchanged.
In general, the diamond price index for the fancy colored stones of all shapes and sizes rose by 0.2% during this period. The most successful price category in the first quarter of 2017 were diamonds fancy deep blue diamond and fancy bright blue color of different carat.
In year on year, compared to the first quarter of 2016 year, the price index for diamonds fancy colors increased by 0.7%, while 5.7% and 0.8%, respectively in terms of diamonds fancy pink and blue colors. In this case, the price of diamonds fancy yellow decreased by 2.5%. As in the fourth quarter of 2016 in all segments of diamonds fancy intense and bright blue flower steady rise in prices was recorded, partly offset the decline in the prices of colored diamonds into "fancy" categories.
Diamond price index fancy color is published non-profit Research Foundation diamonds fancy color (Fancy Color Research Foundation, FCRF) , which tracks data on the prices of yellow, pink and blue colored diamonds in the world's three major centers of diamond trade - in Hong Kong, New York and Tel-Aviv.
"Diamonds fancy intense and bright blue, are in demand, it is difficult to find on the market, and the interest and demand for this category continues to grow. This trend is likely to continue in 2017, as the owners react to the lack of supply price increase, "- said in this connection, the chairman of the advisory board FCRF Eden Rahmin (Eden Rachminov).
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Chairman of the state Angolan diamond company Endiama Carlos Sumbula (Carlos Sumbula) noted that poor marketing of precious stones is the cause of weak demand in the diamond trade.
Meanwhile, analysts believe that the weakening of the diamond market since the end of last year was due to a reduction in liquidity, a strengthening of the US dollar and a weakening of the growth of the Chinese economy.
Angop quotes Sumbula's words, which he told several members of the British Parliament during their visit to the mining company Catoca (Sociedade Mineira da Catoca), that diamond mining companies should modernize their marketing campaigns.
Catoca owns the largest diamond mine in Angola, which is also the fourth largest kimberlite in the world.
Endiama and Russian ALROSA own 32.8% of Catoca. Among other shareholders of the diamond company are Odebrecht and LLI Holdings.
Sumbula also said that there are plans to launch a Luaxe diamond project, which requires an investment of $ 1 billion.
After commissioning the project, 10 million carats of diamonds will be produced annually.
"We have formed teams in Angola and Russia that are working to meet the requirements of the Government of Angola regarding the commissioning of this major project that has changed the global network of kimberlite deposits," he concluded.
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