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Fancy Color Diamond Prices Remain Stable; Other Diamond Prices On Upswing November 16, 2020 (0 comments)
New York, NY—The Fancy Color Research Foundation (FCRF) annouces the results of the Fancy Color Diamond Index (FCDI) for Q3 2020. Due to the pandemic, the organization was unable to conduct any price surveys in 2020 prior to now.
As a result, at the end of the third quarter, FCRF found that on average, fancy color diamond prices were generally stable despite the chaotic period. The majority of fancy color categories experienced a decrease of less than 1%, with yellows showing lower drops than blues and pinks. The Vivid category in all color segments presented stability (-0.1%), in comparison to the Fancy grade (-1.1%) and Fancy Intense (-0.9%) categories.
- Yellow: Yellow diamonds presented the lowest decrease in Q3 (-0.3%). The category that showed a significant increase is the Fancy Intense Yellow 8 carat, rising by 1.0%. In contrast, the Fancy Intense Yellow 5 carat category decreased by -2.4%.
- Pink: Pink diamond prices overall decreased by 0.8% in Q3 2020. The Fancy Vivid Pink category showed the greatest price drop (10 carat dropped by 3.5%), as well as the greatest price rise (1.5 carat rose by 1.6%).
- Blue: Similar to Pinks, overall Blue diamond prices declined in Q3 -0.8%. The 1.5 carat category decreased 1.8% and the Fancy Vivid Blue 2 carat category increased 1.5%.
FCRF Advisory Board member Oren Schneider said, “While diamond trading is not yet fully back to pre-COVID ‘normalcy’, we are clearly seeing an increasing fancy color diamond transaction activity as a result of governments easing regulatory restrictions. We are looking forward to further improvement in the business environment leading into 2021."
Separately, diamond industry analyst Edahn Golan says to expect [white] higher diamond prices this holiday season. In his most recent blog post November 13, Golan said, “Consumers should expect higher diamond prices as strong demand has been driving them up in recent months. After consumer retail purchases dropped in March and April, US retail activity surged in the summer months. This renewed demand includes jewelry and diamonds and is causing diamond prices to rise.”
Certain categories of goods became scarce, if not outright unavailable for a time, he said. Now that polishing factories have opened back up, goods are coming back into the market, albeit late for holiday demand, hence the likelihood of higher prices.