Analysis of pricing data by the Fancy Color Research Foundation (FCRF) for the second quarter of 2017 indicates overall pricing stability across all categories over the same quarter in the previous year, FCRF states in a press release. While flat overall for all shapes and sizes, blue fancy color diamond prices continued to appreciate, climbing 5.5% over last year, while yellow fancy color diamond prices declined by 2.5% for the year. According to RAPI™ during the same period, most white diamond categories experienced meaningful price declines. The price index for all fancy colors except blue (+0.8%) declined less than a percent compared to Q1 2017.
The strongest performing price categories during Q2 2017, they note, were 10 carat fancy intense blue, 5 carat fancy vivid blue and 8 carat fancy intense blue, which appreciated by 2.5%, 2.4% and 2.3%, respectively. On a year-on-year basis, when compared to Q2 2016 the strongest performing categories were 1 carat fancy vivid blue, 8 carat fancy intense blue and 1 carat fancy intense blue, appreciating by 13.1%, 11.5% and 11.4% respectively. The weakest categories were large carat yellow fancy color diamonds. As in recent periods, across all color segments, fancy intense and fancy vivid broadly demonstrated price increases, whereas color diamonds in the “Fancy” category maintained price softness.
The Fancy Color Diamond Index is published by the non-profit Fancy Color Research Foundation (FCRF), and tracks pricing data for yellow, pink and blue fancy color diamonds in three key global trading centers – Hong Kong, New York and Tel Aviv. FCRF Advisory Board chairman Efraim Zion said, “Demand in China and other Asian markets for extremely rare fancy color diamonds is still robust. However the pipeline is experiencing continued supply shortages, which results in price stability, and in some categories continued appreciation. We will not be seeing changes in the foreseeable future.” Mr. Zion added, “Yellow fancy color stones are enjoying healthy demand as well, however their price behavior, especially for the commercial categories, more closely resembles that of white diamonds.”
Photo from Fancy Color Diamonds: The Pricing Architecture © Copyright 2017 Eden Rachminov