The Fancy Color Research Foundation (FCRF) has announced the third quarter (Q3) 2024 results of Fancy Color Diamond Index (FCDI) on 10 October 2024.
In Q3 2024, the overall FCDI across all colours and sizes saw a marginal decline of 0.5 percent, a slight improvement compared to the previous quarter’s decrease of 0.6 percent. The year-over-year trend reflects a cumulative decrease of 1.0 percent. This data suggests a stable market with minor fluctuations, said FCRF.
According to the association, while the index remained relatively unchanged, it highlights the continued resilience of the fancy-coloured diamond market despite some downward trends. Notable top performers this quarter include the pink fancy vivid diamonds in the 3-carat and 8-carat size categories, which saw a 2.1 percent and 1.7 percent increase respectively. The diamond categories that experienced the most significant drops were primarily found in the yellow segment. Yellow fancy intense diamonds in the 1-carat size experienced the steepest decline, decreasing by 3.8 percent.
Yellow diamonds showed a continued trend of slight decline in Q3 2024, with a reduction of 1.6 percent, only a marginal improvement from the 1.7 percent registered in the previous quarter. This brings the annual performance for yellow diamonds to a decrease of 3.5 percent. This decline suggests continued softness in the yellow diamond market. The most notable decline was observed in the fancy intense yellow 1-carat diamonds, which dropped by 3.8 percent. This significant drop within this segment has likely impacted the overall performance of yellow diamonds in this quarter. In contrast, some segments performed slightly better. Fancy vivid yellow 1-carat 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 percent in Q3 2024, an improvement from the 0.2 percent decrease in the previous quarter. Over the past 12 months, pink diamonds have shown resilience with zero percent change. Within this quarter, individual subcategories varied. Fancy vivid pink diamonds saw strong gains, with the 3-carat category increasing by 2.1 percent and the 1-carat category rising by 1.6 percent. Fancy vivid pink diamonds of 10-carat also showed positive growth, increasing by 1.32 percent.
Fancy intense pink diamonds of 1.5-carat and 1-carat experienced a notable drop of 3.1 percent and 0.4 percent respectively. Other segments, such as diamonds of 2 carats, saw smaller movements, with a slight drop of 0.3 percent. Despite these mixed performances, vivid pink diamonds in larger sizes demonstrated resilience, helping to stabilise the overall pink diamond category.
In Q3 2024, the blue diamond category experienced a decline of 0.7 percent, a more significant drop compared to the 0.3 percent decrease in the previous quarter. Over the past 12 months, blue diamonds have seen a cumulative decrease of 1.7 percent. 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 carats showed stability with a slight improvement of 0.1 percent. Additionally, fancy vivid blue diamonds of 8 carats showed stability as well with an increase of 0.2 percent. On the other hand, many segments saw declines. Fancy intense blue diamonds of 5 carats fell by 2.2 percent, making it the most significant drop in this category. Other notable declines include fancy vivid diamonds of 1.5 carats, which dropped by 2.0 percent, and fancy diamonds of 1 carat, which fell by 1.1 percent. Overall, there was a general decline in the blue diamond market, with specific categories showing stability or slight increases. (Photo courtesy: FCRF)
16-10-2024
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