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Figure 1


Figure 2
  A new year hints at change in yellow diamond prices

By the Gemewizard team
January 15, 2013


When we last reported on yellow colored diamonds price trends in our November 2012 issue, we presented a picture of a relatively flat but stable market spanning several months. However, during our most recent analysis of our vast online database, which is an exercise that we carry out regularly to check and update our GemePrice™ online pricing system, we noticed what may be a hint of a new upward trend.

In the yellow colored diamond market, 2013 began with a cautious but perceptible price increase in stones above 1 carat. The data is clearly depicted in Figure 1, where one immediately notices an upward tendency, albeit small in some cases, for practically all color grades.

Compare Figure 1 with Figure 2, which depicts the analysis carried out in November, and the change is clearly apparent. The data shows that the higher grades - Fancy Intense and Fancy Vivid - experience more significant price increases, for all weight categories above 1 carat.

The Fancy Light prices display a mixed tendency. Stones weighing between 1.00 to 1.99 carats exhibit a reduction in prices, while the 2.00 carats and above show an increase. Prices of 1.00-1.49-carat stones dropped by 3.69 percent, and by 1.05 percent for the 1.50-1.99 carats. On the other hand, the 2.00-2.99 and 3.00-4.99-carat weight categories rose by 1.02 percent and 0.65 percent, respectively.

The Fancy color grade prices experience a mixed tendency as well. Price reductions of -2.03 percent and -0.40 percent were recorded in the 0.50-0.99-carat and 1.00-1.49-carat categories, while the 1.50-1.99-carat and 2.00-2.99-carat categories displayed increases of 2.41 percent and 1.64 percent respectively. The 3.00-4.99-carat category, however, remained steady with no change.

The Fancy Intense category exhibited significant price increases above 3 percent in nearly all weight classes (3.88 percent, 3.50 percent and 3.10 percent respectively in 1.00-1.49-carats, 1.50-1.99 carats and 2.00 - 2.99 carats) and a more modest increase of 0.89 percent in 3.00 to 4.99-carat stones.

Fancy Vivid prices increased across the board. While smaller stones, weighing 0.50-0.99 carats, rose by only 0.40 percent, the larger weight categories have experienced much higher inclines of 1.09 percent, 3.24 percent, 1.58 percent and 3.90 percent in 1.00-1.49 carats, 1.50-1.99 carats, 2.00-2.99 carats and 3.00-4.99 carats respectively.

To sum the report, it is fair to say that we have detected what could be defined as an upward trend, some slight with values of less than 0.5 percent, to more noteworthy ones of just below 4 percent. On average we are talking about an approximately 2 percent rise for the 1.00+ carat stones.

Is this an indication of long-term tendency? It is difficult to say, as it is still too early to tell. Let's just say for now that year 2013 started off on a note that is slightly higher than which was prevalent at the end of 2012.

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