The Fancy Color Research Foundation (FCRF) announced the results of the Q4 2023 Fancy Color Diamond Index (FCDI).
In 2023, the market for fancy color diamonds (FCD) demonstrated steady growth, with the average price increasing by 2.2%. Leading this growth were Fancy Yellow diamonds, which experienced the most significant annual rise. Vivid Yellow diamonds also had a notable increase, with their value rising by 4.3% over the year. Notably, Fancy Vivid Pink 1-carat diamonds underwent a remarkable surge in value, with a substantial increase of 12.0%.
Additionally, Fancy Intense Pink 1-carat experienced a substantial rise of 10.8%. Pink and Blue diamonds exhibited modest fluctuations while retaining their value. Despite some fluctuations, the Fancy and Intense grades contributed positively to the year’s overall growth. However, colorless diamonds, on average, depreciated this year by 16.5%.
Q4 2023: The fourth quarter of 2023 saw the continuation of this positive trend in the FCD market, with a slight increase of 0.1% in average prices. This increase, though modest, reflects the growing interest in fancy-color diamonds.
Over the last year, the Yellow category has shown significant growth, with an annual increase of 4.0%, mainly in the first three quarters. The Vivid category led the annual growth with a 5.3% rise, underscoring its strong market performance throughout the year. The Yellow diamond segment saw varied performance across different sizes.
The 8-carat Fancy Vivid Yellow category led the annual growth with an impressive 10.1% rise (0.7% in Q4), marking the highest increase within the Yellow category. The 1.5-carat Fancy Yellow decreased by 0.5% annually, as well as the Fancy Intense Yellow 8-carat category.
Since the establishment of the Fancy Color Research Foundation, there has been a significant uptrend in all Fancy Color Diamonds, marking an impressive surge of 212.7%. Yellow diamonds experienced a notable increase of 59.1%, Pink diamonds exhibited a surge of 398.4% and Blue diamonds showed a substantial increase of 250%.
FCRF Data Supplier Ephraim Zion said, “The fancy color diamond index reflects shifts in the global economy. Despite sustained interest in these rare gems, there’s a noticeable shift in consumer preferance to smaller carat weights, amounting to lower total investments. This trend is notably compensated by a stronger demand for diamonds with higher saturation such as Intense and Vivid. As the global economic climate recovers, it’s anticipated that demand for larger carat weights will resurge”
The Fancy Color Diamond Index is published by the non-profit Fancy Color Research Foundation (FCRF), tracking pricing data for Yellow, Pink, and Blue Fancy Color Diamonds in the major global trading centers – Hong Kong, New York, Geneva, and Tel Aviv.
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