Fancy Colour Diamond prices dropped in 2020, reports FCRF

The Fancy Colour Research Foundation (FCRF) has announced the Fancy Color Diamond INDEX results for 2020’s fourth quarter, showing a slight drop in prices over the quarter.

Overall, Fancy Colour diamonds decreased by 1% over the year with the industry showing resilience despite the pandemic.

The Yellow category of diamond decreased by 0.3%, Pinks by 0.9% and Blues by 1.3%.

Furthermore, the Vivid category in all colors and sizes showed better stability, decreasing only by 0.4%, while the Intense category decreased by 0.9%, and the Fancy category by 1%.

Eden Rachminov, FCRF’s advisory board member, said: “2020 was a fascinating year; wholesalers and retailers alike had to overcome many logistical hurdles in order to finalize simple transactions, while demand for Fancy Color Diamonds was solid.

“I expect 2021 to be a bullish year for Yellows, their current price is relatively low and I think that a price increase is inevitable.”

He added: “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 color diamonds in major global trading centers – Hong Kong, New York, Geneva and Tel Aviv.”