According to the Fancy Color Research Foundation (FCRF), prices of fancy-color diamonds slipped 0.7% in the second quarter compared with same period the previous year.
The quarter’s performance featured significant differences within color segments. The pink fancy intense 1-carat diamonds led the climbers with a 1.5% increase, followed by the pink fancy vivid 1-carat and 10-carat diamonds, with increases of 1.3% and 1.2% respectively. Conversely, the largest declines were noted in the yellow category, particularly the 10-carat fancy yellow diamonds, which experienced the sharpest drop of 3.5%, and the 5-carat fancy vivid yellow diamonds, down by 3.4%. These movements highlight the varied dynamics within the fancy color diamond market, where some segments demonstrate growth potential despite broader market challenges.
Meanwhile, blue fancy-color prices also slipped 0.3% overall year on year. Prices for 1.5-carat, fancy-vivid-blue diamonds gained 0.6%, rebounding from previous declines, according to the FCRF, with 3-carat, fancy-intense blues up 0.4%. However, larger sizes saw “significant declines,” the organization explained. In particular, prices of 3-carat fancy blues decreased 1.9% and those weighing 8 carats dropped 1.2%.
“The declines in prices are not significant and are typical for the summer period. We feel the fancy-color diamond market is stable and prices will remain stable,” FCRF data supplier Marcel Herszaft said.
Since beginning its data collection in 2005, the FCRF has documented a remarkable growth across all fancy color diamonds, with an overall increase of 211%. Specifically, yellow diamonds have risen by 56%, pink diamonds have risen by 398%, and blue diamonds have increased by 248%.
Theodor Lisovoy, Editor in Chief, Rough&Polished
