NEW YORK – The Fancy Color Research Foundation (FCRF) has announced the results of the Q1 2023 Fancy Color Diamond Index (FCDI). Following an increase of nearly 4% in 2022, the average price of all colors and sizes of fancy color diamonds continued to climb in Q1 2023 by 1.3%. This climb was in contrast to the quarterly trend in white diamonds of -2.8% and -17.6% over the previous 12 months.
Fancy Vivids across all color categories presented the highest increase (1.7%) in comparison to the Fancy Intense and Fancy categories which showed a moderate rise of 1.3% and 0.5% respectively. In Q1 2023, Yellows presented a more notable appreciation (2.1%) than Pinks (1.1%) and Blues (0.2%).
The Yellow segment rose overall by 2.1% in Q1 (6% in TTM), led by an increase of 2.5% in the Fancy Vivid category, and 2.0% in the Fancy Intense category. The highest increase was evident in the Fancy Vivid 10 ct category (4.8%), with Fancy Vivid 5 ct (4.0%) being the runner-up. Fancy Vivid 3 ct (0.3%), Fancy 5 ct (0.3%) and Fancy 8 ct (0.2%) experienced the most modest gains for Yellows.
Pink diamonds rose overall by 1.1%, driven mainly by the Fancy Vivid and Fancy Intense categories, which both increased by 1.3%. The Fancy category was quite stable, climbing by only 0.3%. Interestingly, Fancy 1.5 ct was the only category which presented depreciation (-1.2%).
Blue diamond prices almost remained unchanged in Q1 2023 (0.2%) with the Fancy Vivid category (0.6%) outperforming the Fancy (0.2%) and Fancy Intense (-0.4%) categories. Fancy Vivid 3 ct and Fancy 2 ct presented the highest climb, 1.9% and 1.7%, respectively. The weakest result was evident in Fancy 1 ct (-1.4%).