The Fancy Color Research Foundation (FCRF) announced the fourth quarter results of the Fancy Color Diamond Index (FCDI) on 28 January 2025. In 2024, the index recorded an annual decline of 2.2 percent, with yellow diamonds decreasing by 5.6 percent, blue diamonds by 1.8 percent, and Pink diamonds by 0.8 percent. The fourth quarter saw a 1.1 percent drop across all colours, driven by declines of 2.2 percent in yellow diamonds, 0.8 percent in pink diamonds, and 0.3 percent in blue diamonds.
The fancy vivid grade stood out with stronger performance, particularly in high-saturation segments. According to the index, 10-carat fancy vivid pink diamonds increased by 1.4 percent in Q4, while fancy vivid blue diamonds in the 2-carat size rose by 1.17 percent. These gains reflect sustained demand for vibrant hues, even as broader market challenges persisted.
Despite these bright spots, the FCDI faced challenges overall, declining by 1.1 percent in Q4 and 2.2 percent over the year. White diamonds fared worse, with a quarterly drop of 1.8 percent and a significant annual decrease of 13.3 percent. This contrast underscores the relative stability of fancy-coloured diamonds within a challenging global economic landscape, said FCRF.
Yellow diamonds recorded the largest annual decline among the three-colour categories, with an overall decrease of 5.6 percent in 2024. In Q4, the category declined by 2.2 percent, following a previous quarter decline of 1.6 percent. Within this category, fancy intense yellow diamonds in the 2-carat size experienced the steepest Q4 decline of 3.6 percent, followed by fancy vivid yellow diamonds in the 3-carat size, which fell by 3.0 percent. The fancy category also faced challenges, with the 10-carat fancy yellow diamonds decreasing by 2.6 percent.
The pink diamond category exhibited stability in 2024, with both an annual and Q4 decrease of 0.8 percent. Within the fancy vivid pink grade, notable gains were observed in key segments. For instance, the 10-carat fancy vivid pink diamonds increased by 1.4 percent, while the 3-carat size saw a smaller rise of 0.7 percent. Across all sizes, fancy vivid pink diamonds recorded a quarterly increase of 0.2 percent and an annual gain of 2.3 percent, underscoring sustained demand for high-saturation stones.
Blue diamonds experienced an annual decline of 1.8 percent, with a Q4 decrease of 0.3 percent. The category showed mixed performance across various sizes and intensities. Within the fancy vivid blue segment, the 2-carat diamonds recorded a Q4 increase of 1.17 percent, and the 10-carat fancy blue diamonds rose by 1.01 percent. These results highlight a continued preference for high-saturation stones in select sizes. Despite these gains, other segments faced challenges. The 5-carat fancy intense blue diamonds experienced a Q4 decline of 2.0 percent, while the 8-carat fancy blue diamonds fell by 2.0 percent. The 3-carat fancy blue diamonds also declined by 1.9 percent, illustrating continued challenges within these segments.
Anshul Gandhi, FCRF data supplier and CEO of the Choron Group said: “The Fancy Color Diamond Index results for 2024 reflect broader economic uncertainties. Despite some declines, particularly in yellow diamonds, certain subcategories like fancy vivid pinks demonstrated resilience. These results underline the market’s stability and the enduring appeal of fancy-coloured diamonds as a specialised asset class.” (Photo courtesy: FCRF)
10-02-2025
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