Fancy colour diamond prices rose an average of 2.2 per cent in 2023, demonstrating steady improvement in the market. Yellow diamonds were the main growth drivers, revealed the Fancy Color Research Foundation (FCRF).

The latest Fancy Color Diamond Index (FCDI) showed that yellow diamonds were clear winners, clocking in an annual 4 per cent rise in value while pink and blue diamonds recorded a 1.8 per cent and 0.1 per cent increase, respectively.

The vivid yellow diamond category led the annual growth with a 5.3 per cent uptick, underscoring its strong market performance throughout the year, noted FCRF. Fancy vivid pink diamonds of 1 carat also witnessed a surge in value of 12 per cent while 1-carat fancy intense pinks recorded a 10.8 per cent increase in prices. FCRF explained that pink and blue diamonds exhibited modest fluctuations while retaining their value. And despite such fluctuations, the fancy and intense grades contributed positively to the year’s overall growth.

The fourth quarter of 2023 also saw a positive trend, with the fancy colour diamond market recording a slight increase of 0.1 per cent in prices. The increase, though modest, reflects the growing interest in fancy colour diamonds, the foundation added.

FCRF Data Supplier Ephraim Zion said the fancy colour diamond index reflects shifts in the global economy, noting that consumers are gravitating towards smaller-carat weights, amounting to lower investments. He added, “This trend is notably compensated by a stronger demand for diamonds with higher saturation such as intense and vivid. As the global economy recovers, it is anticipated that demand for larger-carat weights will strengthen.”
 

Source: FCRF
*T3 = trailing three months
*TTM = trailing twelve months