Colour diamonds continue to impress: Blues maintain lead in Q3 price analysis
The latest data from the Fancy Color Research Foundation (FCRF) indicates blue diamond prices have further increased in price and done so again more than pink diamonds over the third quarter of 2021.
The Q3 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 prices continued to rise across the board, with a 0.7 per cent increase this quarter, and a 1.1 per cent.
The general increase was led by blues stones, which increased by 0.8 per cent, with Pinks and Yellows following closely behind at 0.7 per cent and 0.6 per cent respectively.
According to FCRF Advisory Board member, Eden Rachminov, “This increase was actually expected, as Fancy Color prices were too low for too long. In my opinion, most colors will keep increasing in price over the next two years, especially the yellow category in all grades.”
Pink diamond prices continued to rise in Q3, led by the Fancy and Fancy Vivid grade categories. Fancy Pink 1-carats rose by 1.8 per cent and Fancy Vivid Pink 5 carats rose by 1.7 per cent. The lowest performance was seen in the 3-carat category in the Fancy grade, which decreased by -0.3%.
Compared to the previous quarter Yellow diamond prices increased which was largely due to appreciation in the 5-10-carat weight categories. Among the smaller diamonds, 1-carat Fancy Vivid Yellow stood out, with an increase of 1.9 per cent.
But it was Blue diamond prices that did best in Q3 with the Fancy Vivid Blue category seeing 8-carat stones increase by 2 per cent, while 5-carat blue diamonds rose by 1.9 per cent.
The Fancy Intense grade category displayed the lowest rise of 0.4%, with 2 carats declining by -1.1%.