The two main winter shows, the Tucson gem and mineral show, along with the Vicenza show in Italy, showcased a number of important colored diamond pieces. Dealers reported strong demand for rarer pieces at the top end of the grading spectrum and unusual color combination. We are beginning to see a strong surge in demand for rare chameleon diamonds in Japan, where the retail market for these types of pieces has developed a trend not uncommon to the increase in cognac and champagne diamond sales experienced over the last five years. Orange diamonds have also experienced a surge in price as collectors recognize the rarity and strong fundamentals of this beautiful segment of the colored diamond market.
We have an editorial in the March edition of a newsletter based out of Ireland. The editorial covers off some of the developing supply and demand factors impacting the market over the medium-term, along with some interesting recommendations, such as the pink, chameleon and vivid yellow diamonds.
Supply is still the big issue right now as colored diamond rough is becoming more and more scarce at the major cutting centers and dealers continue to receive strong orders from international retailers and dealers.
We are in the process of acquiring a rare parcel of chameleon diamonds, with a deep olive colored pear shaped piece and a half-carat bluish green diamond included in the parcel. These pieces have a beautiful olive to them and are sourced from the alluvial mines in Brazil as well as central Africa. Chameleon diamonds are seeing a surge in demand from retail buyers as well as collectors, so we are very excited about the acquisition; dominant green chameleon diamonds are getting increasingly difficult to source.
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