For the first quarter of 2016 fancy blue diamond prices increased by 1.7%.
According to the latest Fancy Color Diamond Index, during the same period, fancy yellow diamonds saw prices decline by 1.8%, while fancy pink diamonds saw a 0.3% price increase.
Overall prices in the fancy colour diamond category remained largely unchanged for Q1 2016. In comparison, according to RAPI, white diamonds prices were mixed during Q1 2016, with the 0.5ct and 1ct categories growing by 5.2% and 1.4% respectively, and the 3ct category declining by 2.9%.
The strongest performing price categories during Q1 2016 were fancy intense blue and fancy vivid blue across all carat sizes, as well as fancy vivid pinks 5ct and up. The fancy yellow category, especially in small carat weights, was responsible for most of the category price declines.
The Fancy Color Diamond Index during Q1 2016 indicates that most trends identified during 2015 are being sustained. The decline in fancy yellow diamond prices echoes the first 3 quarters of 2015, although it is a departure from Q4 2015, when fancy yellow diamond prices rose 1.1%.
On a year-on-year basis, when compared to Q1 2015, the Fancy Color Diamond Index is up 0.6% with fancy blue and fancy pink up 4.8% and 1.7%, respectively, and fancy yellow down 3.3%. As in Q4 2015, across all colour segments, fancy intense and fancy vivid diamonds demonstrated robust price increases, which were offset to some extent by price declines of colour diamonds in the ‘fancy’ category.
The Fancy Color Diamond Index is published by the non-profit Fancy Color Research Foundation (FCRF), and tracks pricing data for yellow, pink and blue fancy colour diamonds. The Fancy Color Diamond Index is based on input from leading fancy colour diamond traders in three key global trading centers – Hong Kong, New York and Tel Aviv.
FCRF Advisory Board chairman Eden Rachminov comments: “Mine supply of highly coveted fancy vivid blues and pinks continues to be scarce, while demand for this category continues to grow. This trend is likely to continue well into 2016 as dealers are holding firm on prices in view of the demand-supply imbalance.”