Q2 2021: A Positive Trajectory for all Fancy Color Diamonds
The Fancy Color Research Foundation (FCRF) announced today the results of the Q2 2021 Fancy Color Diamond Index (FCDI). Prices of Fancy Color Diamonds across the board increased by 0.2% during Q2 2021. Blues (0.4%) and Pinks (0.3%) led the increase, while Yellows rose by 0.1%, as opposed to the slight decrease in the previous quarter. The price rise follows a 0.3% overall price increase in Q1 2021.
Pink diamond prices rose by 0.3% in Q2, mainly due to an increase of 0.6% in the Fancy grade category, with 2 and 3 carat Fancy Pinks rising by 1.6% and 2%, respectively. The 1 carat Fancy Pinks were the highest climbers in the Pink category (2.2%), while 10 carat Fancy Pinks showed a downturn in price, decreasing by -1.1%.
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 carat Blues, in all saturations, showed the highest increase (1.3%), with Fancy Blue 1.5 carats rising by 1.7% and Fancy Intense Blue 1.5 carats rising by 2.2%. Meanwhile, 3 and 5 carats in all saturation levels slightly declined by -0.2% and -0.1%, respectively.
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 carat Fancy Vivid Yellow (+1.3%). Fancy Vivid Yellow in the 10 carat category were a close second highest climber by 0.9%, while 10 carat Fancy Yellow presented a drop of -2.1%.
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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.”
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.