The Fancy Colour Diamond Index for the third quarter of 2017 indicates a slight rise overall of 0.2 percent over Q2 2017, for yellow, pink and blue fancy colour diamonds in all sizes and saturations.
Moreover, the index shows that in Q3 prices of fancy blue and pink colour diamonds appreciated 0.4 percent and 0.3 percent respectively. Similar to Q1 2017 trends, the strongest performing price categories during Q3 2017 were fancy intense and fancy vivid blue diamonds across all carat sizes.
In Q3 2017, fancy yellow diamond prices declined by 0.1 percent, the lowest price decrease for the category since Q3 2016. There was price stability across most other fancy colour diamond categories, continuing the trend in fancy colour diamond pricing patterns during 2016 and early 2017.
On a year-on-year basis, when compared to Q3 2016, the Fancy Colour Diamond Index is slightly down by 0.2 percent, with fancy blues up 4.7 percent and fancy yellows and fancy pinks down 2.5 percent and 0.6 percent, respectively. Compared to the same period in 2015, the Fancy Colour Diamond Index is up 0.7 percent with fancy blues and fancy pinks up 8.1 percent and 1.2 percent respectively, and fancy yellows down 4.1 percent.
The Fancy Colour Diamond Index is published by the non-profit Fancy Colour Research Foundation (FCRF), and tracks pricing data for yellow, pink and blue fancy colour diamonds in three key global trading centers – Hong Kong, New York and Tel Aviv.
FCRF Advisory Board Chairman Eden Rachminov said: “As far as supply is concerned, 2017 and the year before were record low years for blue fancy colour diamond production from mines. The majority of the blues that are coming into the market are pre-owned stones. Manufacturers have seen a significant drop in availability across all sizes and qualities, and consequently prices have continued to increase. Going forward, the market will have to adjust to a lower “new normal” supply level for blue fancy colour and pinks in the high saturations levels.”