In 2016, prices for fancy colored diamonds rose on increased demand for the rare blue and pink stones, according to the Foundation for Research fancy color diamonds (Fancy Color Research Foundation, FCRF) .
Fancy Color Diamond Index The index is calculated FCRF, rose by 0.4% last year, while the prices for blue diamonds jumped by 5.5%, while prices of pink stones increased by 1.4%. However, the prices of yellow diamonds fell by 4%.
"Prices for blue fancy diamonds reached record levels due to the combination of a very small supply and strong demand," - said Jim Pounds (Jim Pounds), executive vice president of Dominion Diamond Corporation and Chairman of the Advisory Board FCRF.
"In general, high-quality and well-polished bright blue and pink stones do not exist in sufficient quantities to create price stability", - he added.
In the fourth quarter overall for colored diamonds price index fell slightly compared with the previous three months, they said in FCRF. Prices for yellow diamonds fell 1.4%, while the pink stones prices remained essentially unchanged, and while the blue stones went up by 1.5%.
Meanwhile, according to Pounds, prospects yellow diamonds are relatively positive.
"Yellow rough diamonds is very saturated colors, particularly" live "stones, recently reached the highest price in the tender This may indicate an increase in demand, which is likely to have impact on the value of diamonds.", - he said.
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South African diamond producers called on them to "step out of the vicious circle of destruction and embark on the path of development of cooperation, innovation and modernization," which is expected to help save the last 200 companies from the disappearance, Mining Weekly reported.
Earlier in South Africa, there were 4,300 diamond cutting companies, many of whom were reportedly forced to leave the business due to government red tape and wrong legislative decisions by the authorities.
At the first African diamond council that was held last Tuesday in Johannesburg, participants were told that the cutting sector would disappear in the absence of renewed cooperation between the authorities, trade unions and business.
"South Africa should regain its former glory," - said the chairman of the State Diamond Trader Dolly Mokgatle (Dolly Mokgatle).
At the same time, the president of the World Federation of Diamond Bourses (WFDB) Ernest Blom said at the council that the sale by De Beers of some of its mines in South Africa had a negative impact on local diamond beneficiation.
He said South Africa should not become a "diamond mini market", which will only deal with the extraction and sale of diamonds abroad.
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