The latest edition of the Fancy Color Price Index shows an overall rise in colour diamond prices, with blues slightly ahead of pinks.
By Arabella Roden • Editor
The Q2 2021 edition of the Fancy Color Diamond Index – which tracks prices of blue, pink, and yellow diamonds traded in New York, Tel Aviv, Geneva and Hong Kong – showed blues rose 0.4 per cent, slightly ahead of pinks at 0.3 per cent.
Yellow diamond prices remained stable, increasing by 0.1 per cent – a slight improvement on the previous quarter.
Fancy intense blue diamonds of 1.5 carats and 1-carat fancy pinks saw the highest price increase at 2.2 per cent, followed by 3-carat fancy pinks at 2 per cent.
However, larger blue, pink, and yellow diamonds either remained stable or declined in price, with the biggest drop in 10-carat fancy yellows.
Oren Schneider, FCRF Advisory Board member, 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 colour diamond segment that provide pricing stability.
"Inventories are still at a historically low level for this product.”
The FCRF temporarily suspended the Index in April 2020 due to low trading volumes as a result of the COVID-19 pandemic; it later determined that prices across fancy colours slipped by less than 1 per cent over the calendar year, and had begun to rebound by the fourth quarter.
Source: Jeweller Magazine 5-8-2021