According to data released by the Fancy Color Research Foundation (FCRF), fancy coloured diamond prices edged up by 0.4 percent in the second quarter (Q2) of 2016, after a relatively soft first quarter.
Blue and pink fancy coloured diamonds drove the price growth showing a 1.1-percent and 0.7-percent increase respectively in Q2, and offset continued price declines for lower-cost, commercial fancy yellow diamonds whose price decreased by 0.5 percent in the period.
In terms of colour and size categories, the strongest performers in Q2 were fancy intense and vivid blues and fancy vivid pinks across all carat sizes. Most notably, the fancy vivid blue category saw an 8.6-percent price leap during the period, driven by the one-carat and five-carat size brackets. In contrast, the fancy yellow grade category declined by 3.7 percent, mainly driven by sluggish demand for the three-carat and five-carat sizes.
On an annual basis, when compared to the second quarter of 2015, the Fancy Color Diamond Index™ (FCDI) in Q2 2016 was up 0.5 percent, with fancy blue and pink diamonds up 4.1 percent and 1.7 percent respectively, and fancy yellow diamonds down 3.5 percent.
“Unsurprisingly, fancy intense and fancy vivid coloured diamonds of all colours enjoy robust demand in the market, driven mainly by supply scarcity that is not likely to change in the foreseeable future,” said FCRF advisory board chairman Eden Rachminov. “The situation is different with commercial fancy yellow goods, which is being adversely affected by sluggish US demand.”
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