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Q2 Shows Upward Price Trajectory For Fancy Color Diamonds Overall, But Selective Dips August 09, 2021 (0 comments)
New York, NY—Prices for fancy color diamonds rose an average of 0.2% across the board in the second quarter of 2021. These are the findings of The Fancy Color Research Foundation (FCRF)’s Q2 2021 Fancy Color Diamond Index (FCDI). Blues (0.4%) and pinks (0.3%) led the increase, while yellows rose by 0.1%, a turnaround from a slight decrease in the first quarter.
The average increase is slightly smaller than the 0.3% overall price increase recorded for Q1 2021. Here are some specifics:
Pinks. Pink diamond prices rose by 0.3% in Q2, mainly due to an increase of 0.6% in the Fancy grade category, with 2.0- and 3.0-carat fancy pinks rising by 1.6% and 2%, respectively. The 1.0-carat fancy pinks were the biggest gainers in the category (2.2%), while 10.0-carat fancy pinks showed a downturn in price, decreasing by -1.1%.
Blues. Blue diamond prices presented an overall increase of 0.4%, following an appreciation of 0.8% in the Fancy grade category. The 1.5- and 2.0-carat stones, in all saturations, showed the highest increase (1.3%), with 1.5 caraters rising by 1.7% and fancy intense blue 1.5 caraters rising by 2.2%. Meanwhile, 3.0 and 5.0 carats in all saturation levels slightly declined by -0.2% and -0.1%, respectively.
Yellows. Yellow diamonds remained stable in Q2, with an increase of 0.1%. Most segments performed better in Q2 compared to Q1. The most prominent increase was in 5.0-carat fancy vivid yellow (+1.3%) with the 10.0-carat category a close second with a 0.9% increase. Prices of 10.0-carat fancy yellow (not “vivid”) stones declined by 2.1%.
FCRF Advisory Board member, Oren Schneider, CEO of Circa, said, ”As retail in the US, Asia, and Europe copes with the new realities and constraints of a COVID-economy, we are still seeing supply shortages in the Fancy Color Diamond segment that provide pricing stability. Inventories are still at a historically low level for this product.”
For a complete data analysis, please visit www.fcresearch.org. The Fancy Color Diamond Index is published by the non-profit Fancy Color Research Foundation (FCRF), tracking pricing data for yellow, pink, and blue fancy color diamonds in major global trading centers: Hong Kong, New York, Geneva, and Tel Aviv.