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Report: Pink Diamond Prices Rise 1.3% to Lead Fancy Colored Diamond Price Gains in Q1 May 11, 2022 (0 comments)

Tel Aviv, Israel--Prices of Fancy Colored diamonds continued 2021’s positive trend and rose by 1.0% across the board, according to data compiled by the Fancy Color Research Foundation (FCRF). The general increase was led by pink diamonds at 1.3%, followed by yellow diamonds at 0.7% with blue diamonds showing very little change.  

Image credit: FCRF

The Fancy category and Fancy Intense in all colors, showed an increase of 1.3% and 1.2% respectively, outperforming the Fancy Vivid segment at an increase of 0.6%, according to the FCRF Fancy Color Diamond Index (FCDI) for the first quarter of 2022.

Pink Diamonds

Pink diamonds' general price increase of 1.3% was mainly driven by the Fancy category, which increased by 1.7% in the 1 and 2-carat weight categories, with 2 carat Fancy Intense rising 3.5%, 2 carat Fancy Vivid increasing 3.2% and 1 carat Fancy Intense climbing 2.9%. Larger weight categories also exhibited significant price increases, with Fancy Vivid 10 carat and Fancy Intense 3 carat leading this color category, both rising 2.2%. 

The only two pink categories whose prices decreased this quarter were the Fancy Vivid 3 carat and the Fancy 8 carat, each with a 0.3% decrease.

Blue Diamonds

 Fancy blues showed overall stability in Q1 (rising 0.1%) in all weight categories. Fancy Intense diamonds rose 0.5%, outperforming Fancy Vivid and Fancy grade saturations. The only two categories that fluctuated more than one percent were, Fancy Intense 2 carats, which climbed by 1.3%, and Fancy 3 carats, which fell by 1.3%. 

Yellow diamonds

 The Yellow category rose by 0.7% in Q1, mostly due to appreciation in the Fancy Intense grade (1.1%). Across the board, diamonds above 5 carats rose more than diamonds below this weight (1%+ compared to less than 1%, respectively). Fancy Intense 8 carat yellow diamonds stood out with an increase of 2.5%. The weakest performance in Q1 was noted in Fancy Vivid 1.5 carat, which declined in price by 0.5%.

For a complete data analysis, visit www.fcresearch.org

"The results of the index reflect pre-boycott prices on Russian diamonds. Since this boycott, the supply of yellow diamonds has dropped dramatically,” said Eden Rachminov, FCRF advisory board member. “The price increases also took place while China has been under a harsh lockdown. Once their Covid policy will dissolve and Chinese diamond lovers will return to the market, we will witness a burst in demand for luxury goods and fancy color diamonds, followed by an additional significant price increase.”

The Fancy Color Diamond Index is published by the non-profit Fancy Color Research Foundation, tracking pricing data for yellow, pink, and blue fancy-colored diamonds in the major global trading centers of Hong Kong, New York, Geneva and Tel Aviv.