Why it’s pink, yellow and blue diamonds that are now a girl’s best friend



dmg media (UK)


Emily Prescott

COLOURED diamonds are increasingly more likely to be a girl’s best friend after a jump in sales of rare yellow, pink and blue varieties. Sales of so-called ‘fancy’ diamonds rose last year while those of traditional white gems fell. Yellow stones saw the biggest surge in popularity, according to figures from the Fancy Color Research Foundation (FCRF), which tracks trading prices in New York, Tel Aviv and Hong Kong. The price of all three colours rose by 3.9 per cent last year, the data shows, with canaryhued stones up by 4.6 per cent. Coloured diamonds are still only a fraction of those on sale – making up less than one per cent of the market. But they are a favourite of celebrities including Victoria Beckham and Jennifer Lopez, who was presented with a green diamond engagement ring by Ben Affleck last year. Other famous stones include the blue Hope Diamond, while the late Queen Elizabeth II was gifted a 54-carat intense pink diamond when she married the Duke of Edinburgh in 1947. This was later mounted on to a brooch worn at a number of Royal occasions. Diamond expert Paul Zimnisky said the rarity of coloured stone was one the main reasons they are so appealing. ‘People love coloured diamonds because they’re rare and beautiful,’ he said. ‘There are very few people who can afford to have them.’ He added: ‘They can also be a good investment like a piece of original artwork or a vintage Ferrari.’