The Fancy Color Research Foundation (FCRF), an organization committed to the empowerment of fancy color diamond sellers by improving consumer experience through a new information channel and providing fact-based support for fancy color diamonds as an asset class, has released its Q4 2017 report in a press release dated 1st February, 2018.
According to this report, fancy color diamond prices for the fourth quarter of 2017 showed a slight increase over the previous quarter. This was the net result of a significant increases in prices of fancy blue diamonds and a slight decrease in prices of both fancy pink and yellow diamonds.
The Fancy Color Diamond Index for Q4 2017 in respect of fancy yellow, pink and blue diamonds of all sizes and saturations, showed an overall rise of 0.1% over Q3 2017. The prices of fancy blue color diamonds in Q4, in keeping with the trend throughout 2017, showed a significant increase of 2.6%, with fancy vivid and fancy intense blues in the 1ct and 5ct categories performing exceptionally well. During the same period, the prices of fancy pink and fancy yellow diamonds declined slightly by 0.4% and 0.6%, respectively. However, for fancy yellow diamonds, the overall 2017 results indicated a stabilization of prices following the 2016 decline of prices by 4.0%.
On a year-on-year basis, comparing Q4 2017 with Q4 2016, while the Fancy Color Diamond Index increased by 0.1%, the prices of fancy blue diamonds increased by 5.9% and the prices of fancy yellow and pink diamonds decreased respectively by 1.8% and 0.8%.
In Q4, white diamonds performed relatively better than fancy colored diamonds, with the RAPI™ showing prices of 0.3ct, 0.5ct and 1ct diamonds rising in December 2017 over the first three quarters of 2017.
The Fancy Color Diamond Index is published by the non-profit Fancy Color Research Foundation (FCRF), which also tracks pricing data for yellow, pink and blue fancy color diamonds in three key global trading centers – Hong Kong, New York and Tel Aviv.
Commenting on the Q4 2017 performance of fancy colored diamonds, FCRF Advisory Board chairman Eden Rachminov said, “We are seeing a stagnant supply picture of important pink and blue fancy color diamonds. Rare pinks and blues are very hard to come by and continue to command significant premiums. After more than 18 months, we are starting to see some price stability in commercial yellow fancy color diamonds, in line with the performance of white diamonds, also driven by lower availability”.