The FCRF is the primary source of objective data and information about fancy color diamonds globally. Their standardization methodology enables them to accurately assess fancy color diamonds’ price behavior and rarity, as well as to evaluate specific diamonds. Dozens of worldwide industry experts contribute to their reports, evaluations, studies, and analyses, allowing them to merge data from various sources for the benefit of useful tools and services that reinforce the fancy color diamond category.
In telling the story of this beautiful and rare natural resource that will soon be extinct, the FCRF promotes the understanding of these unique gems. Their impartial, integrated data and insights make fancy color diamond knowledge accessible, promoting transparency and trust in the industry.
Since data collection began in 2005, Pink diamonds have risen by 398%, and Blue diamonds have increased by 245.4%.
In Q3, The global market for fancy-color diamonds saw a marginal decline in the third quarter, but enjoyed steady demand overall. Pink diamonds were relatively flat, declining only 0.1% during the quarter compared to the 0.2% drop of the previous three months. In the past year, pink diamonds have demonstrated no change in pricing. Particularly strong in the third quarter were fancy-vivid-pink goods, with the 3-carat category increasing by 2.1% and 1-carat stones rising by 1.6%.
FCRF confidently predicts a return to growth. But not immediately. Big spenders in the US are putting their purchases on hold until after the elections in November.
FCRF Q3 2024: Overall Stability with Moderate Declines
The Fancy Color Research Foundation (FCRF) announced the Q3 2024 Fancy Color Diamond Index (FCDI) results.
In Q3 2024, the overall Fancy Color Diamond Index across all colors and sizes saw a marginal decline of 0.5%, a slight improvement compared to the previous quarter’s decrease of 0.6%. The year-over-year trend reflects a cumulative decrease of 1.0%. This data suggests a stable market with minor fluctuations. While the index remained relatively unchanged, it highlights the continued resilience of the fancy color diamond market despite some downward trends. Notable top performers this quarter include the Pink Fancy Vivid diamonds in the 3ct and 8ct size categories, which saw a 2.1% and 1.7% increase respectively. The diamond categories that experienced the most significant drops were primarily found in the yellow segment. Yellow Fancy Intense diamonds in the 1ct size experienced the steepest decline, decreasing by 3.8%.
Yellow diamonds showed a continued trend of slight decline in Q3 2024, with a reduction of 1.6%, only a marginal improvement from the 1.7% registered in the previous quarter. This brings the annual performance for yellow diamonds to a decrease of 3.5%. This decline suggests continued softness in the yellow diamond market. The most notable decline was observed in the Fancy Intense Yellow 1 ct diamonds, which dropped by 3.8%. This significant drop within this particular segment has likely impacted the overall performance of yellow diamonds in this quarter. In contrast, some segments performed slightly better. Fancy Vivid Yellow 1ct diamonds showed a modest increase, highlighting stronger demand for higher-intensity diamonds.
The pink diamond category showed stability with a marginal decline of 0.1% in Q3 2024, an improvement from the 0.2% decrease in the previous quarter. Over the past 12 months, pink diamonds have shown resilience with 0% change. Within this quarter, individual subcategories varied. Fancy Vivid Pink diamonds saw strong gains, with the 3ct category increasing by 2.1% and the 1ct category rising by 1.6%. Fancy Vivid Pink diamonds of 10ct also showed positive growth, increasing by 1.32%.
In contrast, Fancy Intense Pink diamonds of 1.5ct and 1ct experienced a notable drop of 3.1% and 0.4% respectively. Other segments, such as diamonds of 2ct, saw smaller movements, with a slight drop of 0.3%. Despite these mixed performances, vivid pink diamonds in larger sizes demonstrated resilience, helping to stabilize the overall pink diamond category.
In Q3 2024, the blue diamond category experienced a decline of 0.7%, a more significant drop compared to the 0.3% decrease in the previous quarter. Over the past 12 months, blue diamonds have seen a cumulative decrease of 1.7%. Despite this overall downward trend, the blue diamond market displayed mixed results across different subcategories, with both increases and decreases depending on the size and intensity.
Among the increases, Blue diamonds of 8 ct showed stability with a slight improvement of 0.1%. Additionally, Fancy Vivid Blue diamonds of 8 ct showed stability as well with an increase of 0.2%. On the other hand, many segments saw declines. Fancy Intense Blue diamonds of 5ct fell by 2.2%, making it the most significant drop in this category. Other notable declines include Fancy Vivid diamonds of 1.5ct, which dropped by 2.0%, and Fancy diamonds of 1ct, which fell by 1.1%. Overall, we see a general decline in the blue diamond market, with specific categories showing stability or slight increases.
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 209.3%. Specifically, Yellow diamonds have risen by 53.6%, Pink diamonds have risen by 398%, and Blue diamonds have increased by 245.4%.
FCRF Data Supplier Oz Mashiach said:
“Despite some declines this quarter, the fancy color diamond market is showing resilience. The slight decreases, especially in yellow diamonds, reflect broader economic uncertainties, yet the overall stability suggests steady demand. It’s encouraging to see that categories like vivid pinks continue to perform well, even in a challenging economic climate”.
Please email FCD Invest at info@fcdinvest.diamonds to discuss your personalized long-term investment strategy.
For more information on Fancy Color Diamonds as an investment, please visit our Fancy Color Diamond informational page linked here
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