58 posts categorized "Colored Diamonds"

Colored Diamonds: Asia's New Fancy Best Friend

The popularity and price of fancy colored diamonds have been on the rise globally, driven by Asian investors.

From 2006 to 2014, fancy colored diamonds (pink, yellow, and blue diamonds) experienced an average total appreciation of 154.7%, according to the Fancy Color Research Foundation (FCRF), a non-profit colored diamond index that was established last year. In the same time period, the colorless, white diamond increased by 62.4%, according to the Diamond Prices Index.

China and Hong Kong now represent approximately 40% of sales of the fancy colored diamond market, according to FCRF. “Most increases in fancy colored diamond prices, particularly for pink diamonds, is driven by Asian customers,” says Tracey Greenstein, director of research at FCRF.

Green Diamond ring

The high demand and extreme rarity of the colored diamond are what keep pushing up its price: It’s formed when a non-carbon element—such as nitrogen and hydrogen— is accidentally trapped during the crystallization process of the diamond. The foreign element is what renders the diamond colorful.

Outside of Asia, colored diamonds are often considered assets with highly attractive investment potential whereas colorless diamonds are more suitable for gifting. But in Asia, they are seen as both.

 

Edward Alvarado, director of colored diamond dealer, Diamintel notes that he often sees Chinese couples coming to his office looking for a colored diamond ring “for her” but walk out with “her ring and his ring.”

“A lot of men liked colored diamonds in China,” says Alvarado. “With white diamonds they might think it looks girly or flashy but with colored diamonds, they can choose some of the more masculine colors.”

Red diamond ring

As a Venezuelan company that supplies clients globally, Diamintel now sees 80% of their revenue coming from Greater China. Three years ago, Europe and the United States took up 50% of their total revenue.

Major auction houses have been bringing some of the most valuable natural color diamonds to market through the Hong Kong sales, whereas Geneva and New York were the two main focal points before, according to the Natural Color Diamond Association (NCDIA).

Sotheby’s Hong Kong sold an 8.41-carat purple-pink diamond for a record $17.77 million U.S. dollars in last year’s Magnificent Jewels and Jadeite Autumn Sale. Just two months ago, a 13.88-carat yellow diamond ring and a pair of 6.30 and 6.15-carat diamond earrings sold for $466,667 and $312,821 U.S. dollar, respectively, in Hong Kong.

Pink diamonds

And the colored diamond phenomenon is not exclusive to Asia’s super rich. Many of the private buyers at the Hong Kong wholesale jewelry trade shows are part of the growing middle class nowadays.

“We live in a time of a democratisation of the diamond market,” says Diamintel’s Alvarado. “The market is getting a lot more educated and global- and it’s not just the traditional elites that are collecting but the savvy Asian investors as well.”

via www.forbes.com


Diamonds.net - Fancy Color Diamonds Identified as Stable, High Growth Alternative Asset Class

Fancy colored diamondsA new index by The Fancy Color Research Foundation (The FCRF) shows that fancy color diamonds have delivered strong and consistent price increases, outperforming key global asset indices  since 2005.
Fancy color diamonds, predominantly  yellow, pink and blue diamonds, have always been highly prized and rare assets. They are found randomly and unpredictably in diamond mines throughout the world and are enjoyed by sophisticated jewelry buyers and gem collectors alike. Consistent recent growth in values has reflected the changing dynamics of global wealth notably the fast paced growth of emerging markets and the appeal of fancy color diamonds as an investment product. 

The Fancy Color Diamond Index (The Index) has been developed by The FCRF from proprietary access to tens of thousands of fancy color diamond transactions since 2005 and will be updated on a quarterly basis. The Index provides greater knowledge and understanding of fancy color diamond pricing trends to jewelry retail, wholesale and mining industries.

Fancy color diamonds, across pinks, yellows and blues, have increased in value by 167 percent on average since January 2005, outperforming other leading assets in a similar period, for example, the Dow Jones industrial average has increased 58 percent,  Standard & Poor’s 500 has increased 63 percent and London house prices have increased 82.1 percent. 

Looking in more detail the Index shows that pink diamonds have shown the greatest growth in value, up by 360 percent in the last nine years, with blues showing less dramatic but equally consistent growth of a 161 percent by value. Crucially, both pink and blue diamonds were unaffected by the global financial crisis with blues keeping their value and pinks still increasing through 2008 to 2010. 

The publication of the Index marks the launch of The FCRF, which is an independent, non-profit organization formed to promote fair-trade, ethics and transparency in the fancy color diamond retail, wholesale and mining industry.

The FCRF activity will encompass:

• Developing innovative research and digital tools that will support the fancy color diamond retail selling process for consumers, retailers and collectors;

• Promoting fair trade in fancy color diamonds throughout the value chain underpinned by reliable data analysis to create a uniform knowledge base across all industry layers;

• Authoring publications to clarify the complex methodology for evaluating fancy color diamonds;

• Correcting common misconceptions about evaluating fancy color diamonds.

The FCRF expects that together these activities will enhance consumer demand and retail understanding of fancy color diamonds.

The FCRF was initiated by Eden Rachminov, author of "The Fancy Color Diamond Book" and winner of the NCDIA education award. Ambitions and activities of The FCRF will be guided and evaluated by an experienced board of advisors that work throughout the diamond pipeline.

Rachminov, a member of the board of advisors for The FCRF, commented, “The launch of The Fancy Color Research Foundation is in response to the growth in fancy color diamonds transactions and the resulting need for greater education, understanding and clarity in the industry.

“The process and skills for evaluating fancy color diamonds are unique to this exceptional product. As a result there is a need to clarify misconceptions and to highlight the differences to evaluating colorless diamonds. 

“In addition to publishing the Index, The FCRF is developing and publishing a series of practical tools, targeted at retailers. We are confident that The Fancy Color Research Foundation will be a significant influence on increasing demand within the fancy color diamond industry.”

Membership of the FCRF is open to retailers, auction houses, wholesale traders/manufacturers, financial institutions, insurance appraisers and mining companies. Organizations interested in membership of The FCRF should visit fcresearch.org to register details.

About the Fancy Color Diamond Index:
The Index is a first of its kind tracker of changes in the market prices of yellow, pink and blue fancy color diamonds, the three most commonly traded fancy color diamond categories (a market price is a wholesale transaction taking place in one or more of the global diamond trading centers). 

The Index is a composite representation of changes in price points gathered since 2005, based on a statistically significant sample size. It offers insight into variations in the appreciation of diamonds of different colors and sizes. 

The Fancy Color Research Foundation oversees proprietary prevalence and pricing data aggregation and production of the index. A third party New York-based audit firm reviews the development of The Index from the various data points gathered.

The Index can be used to understand and track the historical price behavior of different rare fancy color diamonds.

via www.diamonds.net


Cora International to Unveil Blue Moon Diamond in Los Angeles - JCK

By Logan Sachon, Social Media Journalist

Posted on September 4, 2014
 
The Natural History Museum of Los Angeles County will host the unveiling of Cora International’s Blue Moon Diamond on Sept. 13.

The diamond will be on display at the museum until Jan. 6, 2015. 

12 ct Blue Moon DiamondThe 12 ct. stone is owned by Cora International, the diamond-cutting company. It purchased the 29.6 ct. rough stone from Petra Diamonds in February for $25.6 million and have since cut it down.

29.62-rough-blue-diamondThe diamond was unearthed by Petra in January from the Cullinan mine in South Africa. 

 

via www.jckonline.com


Will rare pink diamond auction sparkle for investors? - Telegraph

Will rare pink diamond auction sparkle for investors?

Pink diamond tender comes as wealthy Asian buyers spur rise in the precious stones

Red diamondsRio Tinto, the world's second-largest mining company, has launched its latest rare pink diamond auction in Australia as prices for the most sought after of precious gems stones are expected to surge. The 2014 Argyle Pink Diamonds Tender collection which is going under the hammer comprises 55 diamonds, including 51 pink and purplish red diamonds and four Fancy Red diamonds.
 
Only 13 Fancy Red diamonds have been included in the annual tender in the last 30 years.
 
Diamonds are becoming an increasingly rare item as fewer mines remain in operation and new discoveries dwindle. According to Petra Diamonds there are only around 30 operational diamond mines still working around the world. De Beers estimates there is only a 1pc chance of finding a profitable diamond mine.
 
Rio Tinto controls the market for pink diamonds from the Argyle mine in Australia. Around 65pc of the world's diamond supplies come from the Cullinan mine in South Africa. Jean-Marc Lieberherr, Rio Tinto Diamonds managing director said: "Decades ago, no one would have believed that Australia held the secret of diamonds, let alone virtually the world's entire source of rare pink and red diamonds.
 
"The pinnacle of the production from Rio Tinto's Argyle mine, the annual pink tender diamonds are now celebrated internationally as amongst the rarest and most valuable diamonds in the world. We have seen and continue to see sustained demand and price growth for Argyle pink diamonds.
 
" Investors have until October 8 to submit bids for the diamonds, which will be showcased in New York, Sydney, Perth and Hong Kong.
 
According to Rio Tinto, the market for pink diamonds is quite separate to white diamonds, and due to their rarity, pink diamonds typically command prices far in excess of white diamonds. The world's biggest certified diamond is the 3,106-carat Cullinan, found at the mine near Pretoria in 1905. It was cut to form the Great Star of Africa and the Lesser Star of Africa, set in the Crown Jewels of Britain. However, most of the new demand for diamonds is now coming from the Asian market.
 
In 2000, the whole of Asia made up 8pc of global diamond jewellery sales, while in 2012 China and Hong Kong alone made up 13pc, with the expectation that this will rise to 18pc by 2017. Bain's 2013 diamond report found that the stones have strong spiritual resonance in China, where diamonds are associated with eternity and high status. And the country's affluent middle class is predicted to grow by 60pc, or 200m, to a total of more than 500m over the next six years..

via www.telegraph.co.uk

 


122.52 Carat Blue Diamond Found at Cullinan - JCK

122.52 Carat Blue Diamond Found at Cullinan

 
1.22.52 ct blue diamond-1

Blue diamonds are ultrarare, as are stones weighing more than 100 cts.—making this, as Petra puts it, a “truly significant find.”  “It’s virtually unheard of to have a blue of over 100 carats,” says spokesperson Cathy Malins.

However, it’s not clear whether this will stand as the largest piece of blue rough ever found. One reference source says that a 620.14 ct. light blue stone was recovered in South Africa in 1984. Beyond that, there is no official record of the size of the rough was that produced the world’s most famous blue, the 45 ct. Hope, but it is estimated at 112 cts. 

1.22.52 ct blue diamond-2A statement from Petra did not comment on the color or clarity of the stone, saying it will require “further analysis in order to assess its potential value.” But an analyst told Reuters he believes it could set a new benchmark for the highest recorded price of a piece of rough when it’s sold later this year—besting Petra’s previous champ: the Feb. 2010 sale of a 507 ct. white stone for $35.3 million.

Thomas Gelb, educational director of the Natural Color Diamond Association, believes the stone has the potential to become a sizable piece of polished—possibly the largest blue stone ever.

“Given that it is from the Cullinan mine it is very likely a type IIb boron-rich diamond,” he says. “Type IIb diamonds are generally less likely to cleave or fracture during cutting and very frequently have few internal inclusions.”

The find occurs as the market for fancy colored gems continues to sizzle. Last month the 13.22 ct. fancy-vivid Winston Blue fetched $23.8 million at Christie’s, setting a new record for a blue diamond of $1.8 million a carat. A Petra statement noted: “This sets apart blue diamonds as one of the most highly concentrated forms of wealth known to man.” 

The Cullinan mine—which Petra purchased from De Beers in 2008—has produced a number of significant blue stones, including a 39.9 ct. diamond, which sold for $8.8 million ($220,551 per ct.) in 2008; a 26.6 ct. diamond, which was eventually polished into the 7 ct. fancy-vivid blue Star of Josephine; and a 25.5 ct. diamond, which sold for $16.9 million ($663,144 per ct.) in 2013.

 

via www.jckonline.com


Christie’s Sets All-Time Auction Record: 13 Carat Blue Garners $24 Million - JCK

The auction market may have just set a record for the shortest-lived record.

One night after Sotheby’s set a new benchmark for the largest jewelry sale ever with its $141 million sale in Geneva, the Christie’s May 14 Magnificent Jewels sale in Geneva “blue” that away with an even-more-incredible $154 million tally.

Both topped the previous champ, Christie’s first-night sale of Elizabeth Taylor’s jewelry, which brought in $114 million.

The Blue 13.22 ctjpgThe star of the Christie’s show was the Blue, a 13.22 ct. fancy vivid flawless pear-shape that fetched $24.2 million. The stone, accompanied by a letter from GIA that said it was the largest fancy vivid blue the lab had ever seen, was described by jewelry specialist Jean-Marc Lunel as “absolutely pure externally and internally. It is almost a dream.” 

The stone’s winner was Harry Winston, which rechristened it the Winston Blue. This is the second time in the last year the Swatch Group–owned retailer purchased a notable stone; it spent $27 million on the 101.73 ct. D flawless Winston Legacy last May.  “When Christie’s announced they were offering the largest flawless fancy vivid blue the GIA had ever graded, I had to buy it,” said Harry Winston CEO Nayla Hayek in a statement. 

At $1,799,953 a carat, the sale may have scored a photo-finish per-carat record for a blue diamond, inching out an April 2013 sale at Bonhams, where a deep-blue cushion fetched $1,799,883 a carat. In any case, says president of Christie’s Switzerland François Curiel, “This is a record for a vivid blue flawless, while the Bonhams stone was deep blue, VS2.” 

The overall hammer price, however, falls slightly short of the $24.3 million paid for the 35.56 ct. Wittelsbach in 2011.

The sale notched four other world auction records, including:

The Ocean Dream 5.5 ctThe Ocean Dream, a 5.5 ct. triangular-cut fancy vivid blue-green SI diamond, scored $8.63 million, a world record for a blue-green diamond.

A 76.51 ct. square-cut light pink VVS1 necklace by Leviev realized $10 million, a record total for a pink diamond.

A 21.41 ct. Russian alexandrite took in $1.3 million, a record auction price for a piece of alexandrite.

A 49.04 ct. pink sapphire went for $2 million, a world auction record for a pink sapphire.

“The jewelry market continues to remain extremely vibrant, and we look forward to a buoyant season as we move into auctions at Christie’s Hong Kong, London, Paris, and New York,” said Rahul Kadakia, international head of Christie’s jewelry department.

Photos courtesy of Christie’s

via www.jckonline.com


Orange Diamonds are Rare and Beautiful

Orange-diamond 14.82 pear-1The world’s largest orange diamond, the 14.82 carat stone named “The Orange”, was auctioned by Christie’s in Geneva on November 12, 2013. It sold for $35,000,000, setting the world record for the largest orange diamond and the highest price per carat paid for any colored diamond.

It is approximately three times larger than the other two known large orange diamonds (the 5.54-carat “Pumpkin Diamond” and a 4.19-carat Fancy Vivid Orange, which sold for $2.95 million in 2011).

Pumpkin diamond 5.54 carat-1Few people have ever seen a pure orange diamond because they are so rare and usually kept in private collections. The majority of orange diamonds are found in Africa. The auction of the Pumpkin Diamond, named by the buyer Ronald Winston as it was purchased the day before Halloween, make the news in 1997 and created the first general interest in orange diamonds. At the time the 5.54-carat Pumpkin Diamond with Fancy Vivid Orange color was the largest ever found.

The vast majority of all diamonds have a trace of nitrogen, which usually produces brown or yellow color. With orange diamonds the nitrogen atoms are grouped in a special way when the diamond is formed. The result is that light in the blue and yellow region of the color spectrum is absorbed, producing the orange color.

Orange-diamond 14.82 pear-2Like all colored diamonds, the strength of color is one of the most important factors in determining the value of the diamond. As the color of diamonds progress up the intensity scale (Fancy Light, Fancy, Fancy Intense, and Fancy Vivid), the rarity and value increases.

Learn more about orange diamonds...


Fancy colored diamond prices are showing significant gains in 2013

Colored diamondsFancy colored diamond prices are showing significant gains in 2013 while other goods struggle along. As a result, the various auctions and tenders held in the past two weeks continued to set records, headlining the strength of the colored diamond market with both dealers and private buyers driving up prices.

With more buyers around and diminishing supply, prices have continued to increase. While there is no formal price list for colored goods, Rachminov, managing owner of Rachminov Diamonds estimates that prices for pink diamonds are up about 30 percent from a year ago, while fancy intense vivid yellow goods are up around 35 percent, with lower-quality yellow diamonds up approximately 10 percent. Prices of fancy blue diamonds have increased by about 35 percent in the past two years. Similar estimates were reported from Rio Tinto’s recent Argyle tender of pink diamonds. Leibish Polnauer, of Leibish & Co., who won seven of the 64 Argyle diamonds on offer at the tender, said prices were about 35 percent higher than last year. He similarly reasoned that there were more people bidding. As a result, Rio Tinto fetched record prices with its top lot, a 2.51-carat, fancy deep pink diamond, selling for more than $2 million, or at least $797,000 per carat.

Buyers were therefore spread geographically at the recent Christie’s New York Magnificent Jewels sale. Three of the top ten lots went to private Asian buyers, three to the international trade, two of the top buyers remained anonymous, and one lot sold to a member of the U.S. trade. The very top lot sold to UK-based Moussaieff Jewellers, which bought the rectangular cut, 8.77-carat, fancy intense pink, VVS1 diamond for $6.3 million, or $721,200 per carat.

via www.diamondworld.net


Rio Tinto pink diamonds fetch record prices - Khaleej Times

The annual sale of Rio Tinto's rare pink-hued diamonds attracted unprecedented interest with at least two of the stones fetching record prices of over $2 million, the mining giant said Monday.

1.56 carat Argyle Phoenix Fancy RedThe 2013 Argyle Pink Diamonds Tender of 64 red, pink and blue stones drew a record number of bids over $1 million from established markets such as Japan and Australia as well as emerging markets China and India. The highlight was the Argyle Phoenix, a 1.56 carat gem and one of three Fancy Red diamonds on offer, which sold for more than $2 million to a Singapore-based jeweller, the highest per-carat price paid for any diamond ever produced from Rio's Argyle mine in Western Australia.

The exact price was not disclosed due to client confidentiality.

Another record was set for the Argyle Dauphine, a 2.51 carat Fancy Deep Pink diamond, which also sold for more than $2 million, to a US-based dealer.

Rio's Pink Diamonds manager Josephine Johnson said the prices reflected "increasing demand from the world's top jewellers, designers, collectors and connoisseurs".

"These fabulous flukes of nature are a good news story in the mining industry at the moment," she told AFP.

"There was a lot of interest from our established markets such as Australia, the United States, Japan and Europe but also China and India, where there is now very strong demand."

A pink diamond is usually worth about 50 times more than a white diamond, although a 118.28-carat white diamond broke a world record earlier this month when it fetched more than $30 million at a Hong Kong auction.

Given the rare pink stones are only offered once a year and demand is high, previews were held in Sydney, New York, Tokyo, Hong Kong and Perth earlier this year to allow clients and experts to see the gems and make offers for individual diamonds.

The Argyle mine produces virtually the entire world's supply of pink diamonds, with the red seen as the pinnacle of the colour scale.

It is not known how the diamonds acquire their rose tinge but it is thought to come from a molecular structure distortion as the jewel forms in the earth�s crust or makes its way to the surface.

"We are delighted with the results for the 2013 Tender collection which are a reflection of their rarity, provenance, and global reach," said Rio Diamonds managing director Jean-Marc Lieberherr.

"The Argyle ore body is extraordinary and after 30 years of production it continues to produce the world's most coveted diamonds."

via www.khaleejtimes.com


Biggest Orange Diamond May Fetch $20 Million at Auction - Bloomberg

14.82 carat The Orange diamondA pear-shaped, vivid orange diamond could fetch as much as $20 million, or $1.3 million per carat, at Christie’s next month.

The auction house will offer the 14.82-carat stone, the largest known orange diamond in the world, in its Geneva sale on Nov. 12. The following day, Sotheby’s (BID) will auction a vivid pink diamond valued at more than $60 million.

The last time an orange diamond of the same classifications appeared at auction, it weighed 5.54 carats. Known as “The Pumpkin Diamond,” it fetched $1.3 million at Sotheby’s in 1997, selling to Ronald Winston, a son of the Harry Winston founder.

Christie’s diamond has been with the same anonymous owner for at least 30 years, the auction house said, describing its clarity as VS1.

“It’s very, very good, but it has natural imperfections,” said Alan Bronstein, a consultant in colored diamonds, who knows the stone.

While pink and blue diamonds regularly appear at auctions, the orange stones are much rarer.

“As far as orange diamonds go, it has no peer,” Bronstein said. “It’s unpredictable what a diamond like that can go for. We are entering uncharted waters.”

The most expensive diamond at auction fetched 45.4 million francs ($45.6 million) at Sotheby’s in Geneva in 2010; the fancy, intense pink stone weighed 24.78 carats and was snapped up by jeweler Laurence Graff.

via www.bloomberg.com