'Sky-rocketing Diamond prices will continue to trend upwards in 2011'



2015-06-26 12:12:57

'Sky-rocketing Diamond prices will continue to trend upwards in 2011'

So says new research, optimistic after 2010's big sales including a certain Fancy Intense Pink diamond

There was a continued surge in prices for special and unique diamonds in 2010, according to new research by market analyst Fusion Alternatives.

This niche segment of the market, including very large and fancy coloured diamonds, "has essentially sky-rocketed over the last three years" says the report.

The trend comes "with record after record being broken in both the international auction and private client markets."

As we reported earlier this year, the successful 2010 for diamonds culminated in the record-breaking sale of a 24.78 Fancy Intense Pink diamond. It was bought by Laurence Graff for $45.6m at the Sotheby's Magnificent Jewels Sale in Geneva in November.

According to Fusion Alternatives' report, the "investment diamond market fundamentals remain robust, allowing us to maintain our overall 'positive' outlook for investment diamonds both in the short and medium terms."

The report expects "prices to continue to trend upwards in 2011."

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