In the first quarter of 2024, the market demonstrated overall stability with minor pricing changes. The average price of fancy color diamonds experienced a modest uptick of 0.1%. The Fancy Vivid category continued its upward trend, recording an increase of 0.4%, mirroring the growth observed in the previous quarter. The Fancy Intense category rebounded slightly, rising by 0.1% after a period of stagnation. However, the Fancy category faced a decline, with prices decreasing by 0.7%.
In terms of the performance of specific colors, the Pink Fancy Vivid category performed well this quarter, with the 1-carat size achieving the highest increase of 2.1%, followed by the 1.5-carat size at 1.9%, and both 2-carat and 5-carat sizes seeing a 1.1% rise. Additionally, the 8-carat Fancy Vivid Yellow increased by 1.1%
Over the past 12 months, the top climbers were the 1-carat Fancy Vivid Pink with an impressive 12.3% increase, the 1-carat Fancy Intense Pink with a 9.5% rise, and the 8-carat Fancy Vivid Yellow with a 9.1% increase. Conversely, the top sliders included the 10-carat Fancy Blue with a decline of 4.6%, the 8-carat Fancy Pink with a reduction of 4.1%, and the 2-carat Fancy Blue with a decrease of 2.9%.
This quarter’s top performers predominantly came from the Vivid Pink category, with four out of the top five climbers: 2.1% increase for 1ct, 1.9% for 1.5ct, and 1.1% each for 2ct and 5ct, highlighting the strong market preference for higher-intensity Pink diamonds.
Since beginning its data collection in 2005, the Fancy Color Research Foundation has documented a remarkable growth across all Fancy Color Diamonds, with an overall increase of 212.9%. Specifically, Yellow diamonds have risen by 59.0%, Pink diamonds have risen by 399.4%, and Blue diamonds have increased by 249.0%.
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