Fancy blue diamond prices up 5.9% yoy in Q4 2017

According to The Fancy Color Research Foundation (FCRF), the fourth quarter of 2017 saw a slight rise in fancy color diamond prices over the previous quarter. There were significant increases in prices of fancy blue diamonds, offset by continued softness in fancy yellow diamonds and stagnation in fancy pink diamond prices.

The Fancy Color Diamond Index in Q4 2017 indicates an overall rise of 0.1 per cent over Q3 2017 for fancy yellow, pink and blue diamonds in all sizes and saturations. Continuing the trend throughout 2017, prices of fancy blue color diamonds in Q4 increased 2.6 per cent, with fancy intense and fancy vivid blues performing best, especially in the 1ct and 5ct categories. During the same period, fancy pink and yellow diamond prices declined slightly by 0.4 per cent and 0.6 per cent, respectively. For the fancy yellow color category, the overall 2017 results indicate stabilisation following a 2016 decline of 4.0 per cent.

On a year-on-year basis, when compared to Q4 2016, the Fancy Color Diamond Index increased by 0.1 per cent, with fancy blue prices up 5.9 per cent and fancy yellow and pink prices down by 1.8 per cent and 0.8 per cent, respectively.

In Q4, white diamonds performed relatively better than fancy coloured diamonds, with the RAPI™ showing prices of 0.3ct, 0.5ct and 1ct diamonds rising in December 2017 over the first three quarters of 2017.

FCRF Advisory Board chairman Eden Rachminov said that, “We are seeing a stagnant supply picture of important pink and blue fancy color diamonds. Rare pinks and blues are very hard to come by and continue to command significant premiums. After more than 18 months, we are starting to see some price stability in commercial yellow fancy color diamonds, in line with the performance of white diamonds, driven by lower availability.”

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