Pink diamonds outperformed blues and yellows in Q2 2019.
The Fancy Color Diamond Index (FCDI) indicates a decrease of 0.1% in overall prices of fancy colour diamonds during the second quarter.
While pink diamonds continued to rise, prices of blues and yellows declined.
Comparing this quarter to the corresponding quarter in 2018, Pink diamonds showed an upturn of 0.4% in Q2 2019, compared to a 0.5% decrease in Q2 2018. Yellow diamonds displayed a 0.8% dip vis-a-vis the 0.2% increase in Q2 2018. Blue diamonds fell by 0.3% compared to a 1.5% increase in the same quarter last year.
The pink category continued to outperform all other categories, showing an increase of 0.4%. All fancy vivid pinks rose by 1.3%, with fancy vivid pinks of 2 and 3 carats showing a rise in the second quarter of 2019, increasing by 2.8% and 2.6%, respectively. However, pink diamonds of 1 and 1.5 carats presented a price decrease of 0.7% and 0.2%, respectively.
Blue diamond prices were affected mainly by the decline of 0.9% in the weight category of 8-10 carats. All blue diamonds of 1-3 carats presented a distinct increase, with the appreciation of 2.3% in the 1.5 carat category, in all saturations levels. The highest rise of 4.8% is in the 1.5 carat fancy vivid blue.
Yellow diamond prices in the quarter were primarily influenced by the 1-3 carats categories, with the sharpest downturn of 2.7% in the 1 carat category. However, the fancy yellow 8 carat category had a surprising upturn of 2.1%, compared to a 4.8% decrease in Q1 2019.
Fancy Color Research Foundation advisory board member Eden Rachminov, says: “The recent price declines in the white goods created an overall negative psychological effect on all diamonds. This is probably the reason we also witnessed a decline of 0.1% in the Fancy Color Index. Definitely a good time to buy now.”
The Fancy Color Diamond Index is published by the non-profit Fancy Color Research Foundation (FCRF), tracking pricing data for yellow, pink, and blue fancy colour diamonds in major global trading centers – Hong Kong, New York, Geneva and Tel Aviv.