Eden Rachminov, one of the founders of the Fancy Color Research Foundation, explores how the rising popularity of fancy colour diamonds is affecting the jewellery industry, and what the increasing prices will mean going forward.
There is a growing trend in jewellery design: the post-recession global economy coupled with a dramatically increased appetite for luxurious stones in the developing markets of Asia, have created a greater demand for fancy colour diamonds in jewellery. These exceptionally rare stones present the discerning jeweller with a chance to create items of astonishing beauty and unprecedented value.
The diamonds are found randomly and unpredictably in diamond mines throughout the world and the combination of their dwindling supply and their startling beauty has made them highly sought after, pursued by sophisticated jewellery buyers and gem collectors alike. Items of jewellery made with these rare stones are unquestionably some of the most beautiful and expensive items in the world. At a Christie’s Hong Kong auction in November 2014, a 2.09 carat, heart-shaped, fancy red, SI2 diamond ring by Moussaieff sold for $2,440,000 per carat – an apt example of the unprecedented value that is attached to the jewellery of these gems.
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The diamonds are found randomly and unpredictably in diamond mines throughout the world and the combination of their dwindling supply and their startling beauty has made them highly sought after, pursued by sophisticated jewellery buyers and gem collectors alike. Items of jewellery made with these rare stones are unquestionably some of the most beautiful and expensive items in the world. At a Christie’s Hong Kong auction in November 2014, a 2.09 carat, heart-shaped, fancy red, SI2 diamond ring by Moussaieff sold for $2,440,000 per carat – an apt example of the unprecedented value that is attached to the jewellery of these gems.
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