03252019Mon
Last updateTue, 19 Mar 2019 7pm

FCRF study projects most top diamond mines will close within one generation

Fancy color prices will rise as supply wanes

(NEW YORK) - According to new research published by the Fancy Color Research Foundation (FCRF), one of the most overlooked facts concerning the diamond industry is that the world’s diamond mines are rapidly depleting. Within a quarter of a century the majority of the 45 most notable diamond mines operating today will cease to exist, and the last diamond will be unearthed in 60 years.

FCRF

According to the FCRF, diamond prices will rise as supply wanes. Fancy color diamonds, considered to be the rarest of the rare, will increase in value at an even greater pace.

The report states that no new ‘mega-mine’ is expected to be found in the foreseeable future. On the other hand, the world’s wealthy population is expected to continue to grow at a rapid pace and demand for diamonds is expected to rise.

The result, according to the FCRF, is that the diamond industry will change beyond recognition. Manufacturing and related technology will slowly disappear. The “second-hand” diamond market will flourish.

According to FCRF, the report should be an eye opener for diamond buyers and investors: “There is no reason why diamond buyers or anyone with long-term vision can’t start realizing an extra premium from this scarcity right now,” the report states.

The full report, “The Last Diamond Unearthed: The Countdown is On!”, may be found on the FCRF website at https://www.fcresearch.org/the-last-diamond-unearthed-the-countdown-is-on/

About the FCRF

The Fancy Color Research Foundation (FCRF) works to provide fact-based support for fancy color diamonds as an asset class and to empower fancy color diamond sellers through a new information channel that improves consumer experience.

The FCRF:

  • Provides its members with unique analytical tools and innovative services: pricing data, rarity data, B2B valuations, auction analysis, and commercial research.
  • Promotes a fair and transparent buyer experience through the Fancy Color Diamond Price Index.
  • Offers members a proprietary ability to analyze and compare fancy color diamond rarity.

 

 

 


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