Pink Diamond Prices Steady in Q1, Yellows Continue Slide

Market Analysis
06/05/2019 10:35

The overall prices of fancy colored delinced by 0.2% in the first quarter of 2019, influenced mainly by the continuing decline in the yellow category, while pink diamond prices performed best, rising by 0.5%, according to Fancy Color Research Foundation (FCRF). The Q1 2019 Fancy Color Diamond Index also concludes that blue diamonds showed a very slight decrease of 0.2% during the period, while yellow diamonds prices decreased by 1.5%. 

“At a time of diamond market uncertainty, fueled by growing white diamond inventory and the emergence of lab grown diamonds, most categories of Fancy Color diamonds are showing continued pricing stability, with the Pink segment posting slight price increases," FCRF Advisory Board member Oren Schneider commented. The pink category in all saturation and sizes increased by 0.5%, led by the 3 and 5 ct Vivid Pink categories, which increased by an average of 3.1%. The average price for fancy pink stones is up 0.6% for the year. The best performance over the past year was delivered by fancy blues, which have gained 2.8% this year despite the slight decline in Q1. Fancy yellow diamonds have lost -3.5% in average price this past year, however, the 1-carat category increased by 1.2% after decreasing by 1.6% in 2018.

“The color-diamond market as a whole is in a slowdown, following the hyper price rises of the past years,” added Alan Bronstein, president of the Natural Color Diamond Association. “Demand always goes through cycles where values rise and fall.” Back in February 2019, Jim Pounds, FCRF advisory board member and executive vice president of diamond at Dominion Diamond Mines, which has produced high levels of vivid yellow as its Ekati mine in Canada, advised, "as the mine transitions from open-pit mining to underground, a substantially reduced amount of stones will be available during 2019. Therefore, we anticipate a slight increase in vivid-yellow prices.” This  has not come to fruition, likely due to inflated prices previously.