(IDEX Online) - Fancy color diamonds saw a second quarter of slower growth, according to the Fancy Color Research Foundation (FCRF) but remained well ahead of colorless diamonds, which are in long-term decline.
The FCRF Index, which tracks prices across all colors, sizes and intensities, rose by 0.4 per cent during Q3, compared with increases of 0.5 per cent in Q2 and 1.3 per cent in Q1. Overall, the Index has climbed 3.1 per cent in the last 12 months.
Yellow diamonds fared best, up 0.5 per cent on the previous quarter, pinks were up 0.4 per cent and blues slipped by 0.1 per cent.
Across all color categories, the vivid grade diamonds saw the highest increase, at 1 per cent.
FCRF Data Supplier Matthew Aldridge said: "In times when interest rates rise and white diamond prices decrease, it's intriguing to observe the price resilience of fancy color diamonds. Their stability instills confidence in retailers who hold substantial inventory."
The FCRF tracks pricing data for fancy color diamonds in Hong Kong, New York, Geneva and Tel Aviv.
Generic pic of yellow diamond