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Fancy-coloured Diamond Prices Show Consistent Upward Trend, says FCRF

The Fancy Color Research Foundation (FCRF) announced the results of the Q2 2023 Fancy Color Diamond Index (FCDI) on 2 August 2023. The average price of all colours and sizes of fancy-coloured diamonds continued to climb in Q2 2023 by 0.5 percent. This climb was in contrast to the quarterly trend in white diamonds, which experienced decreases of 3.5 percent and 17.2 percent over the previous 12 months.


In all colour categories, the fancy vivid grade had the highest increase of 1.2 percent. The other two saturation categories, fancy and fancy intense, showed a combined rise below 0.3 percent. In Q2 2023, fancy yellow diamonds presented a more notable appreciation of 1.3 percent, while pinks and blues both showed an increase of 0.2 percent.


The annual increment of the yellow category was led by an increase of 6.5 percent. The vivid grade increased by 1.5 percent across all sizes, followed by a 1.3 percent increase in the intense grade, and a 1.1-percent rise in the fancy grade. The highest increase was evident in the fancy vivid 8-carat category, which rose by 5.4 percent, In the intense category, the 3-carat increased by 2.7 percent being the runner-up. The three categories that slightly decreased (around 0.5 percent) this quarter are vivid grade 1.5-carat, intense grade 10-carat and intense grade 5-carat.


Pink diamonds rose overall by 0.2 percent, driven mainly by the vivid category, which increased by 1.1 percent. The fancy category was quite stable with no change, while the fancy intense category decreased by 0.2 percent, driven by the larger carat sizes. The highest increase of 3.2 percent was in the 1.5-carat vivid grade, followed by an increase of 3.1 percent in the 1-carat vivid.


Blue diamond prices largely remained unchanged in Q2 2023, with the vivid category increasing by 0.6 percent, outperforming the fancy and intense grades which remained unchanged. Among the vivid grades, 5-carat presented the highest climb, increasing by 1.6 percent. The weakest result was evident in fancy 1-carat which decreased by 1.7 percent.


FCRF board member Eden Rachminov said: “The first six months of 2023 were intriguing. We experienced notable spikes in certain sub-categories within the yellow category, particularly in the intense and vivid grades with a high inner-grade. Meanwhile, the blue and pink categories remained stable. If the world economy continues to maintain its positive momentum, we can anticipate a robust price behaviour after the summer.” (Photo courtesy: FCRF)



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