Prices of fancy colour diamonds fell by 0.7 per cent in the second quarter of 2024 amid market uncertainties, according to the Fancy Color Research Foundation (FCRF).

The latest Fancy Color Diamond Index (FCDI) recorded a year-on-year decline across yellow (1.7 per cent), and pink and blue diamonds (0.3 per cent) during the period in review.

FCRF described the overall dip as a “minor fluctuation” compared to broader market movements. It also noted that price stability was evident relative to sharper declines in the white diamond segment and the Dow Jones index, which were down 3.6 per cent and 1.7 per cent, respectively, in the same period.

Pink diamonds performed strongly during the quarter, with four of the top five sellers belonging to this category. FCRF said 1-carat fancy intense pink diamonds led climbers with a 1.5 per cent increase, followed by 1-carat and 10-carat fancy vivid pinks, which saw upticks of 1.3 per cent and 1.2 per cent, respectively. This indicated consistent interest in higher-intensity grades, FCRF remarked. 

Blue diamonds also displayed some stability, with 1.5-carat fancy vivid blues recording a modest rise of 0.6 per cent and the 3-carat fancy intense blue segment seeing a 0.4 per cent increase. Both categories slightly recovered from previous downturns.  

Yellow diamonds, meanwhile, experienced the most significant declines. The 10-carat fancy yellow diamond category was down 3.5 per cent while 5-carat and 10-carat fancy vivid yellows slid by 3.4 per cent and 3.3 per cent, respectively. 

FCRF Data Supplier Marcel Herszaft commented, “The declines in prices are not significant and are typical for the summer period. We feel the fancy colour diamond market is stable and prices will remain stable.”

Source: FCRF