The Fancy Color Research Foundation (FCRF) has published the results of the Q1 2022 Fancy Color Diamond Index (FCDI), showing a 1% rise across the board.
According to a press release, the general increase was “led by Pinks at 1.3%, with Yellows following at 0.7% and Blues showing nearly no change.” The Fancy category and Fancy Intense in all colors rose 1.3% and 1.2% respectively, outperforming the Fancy Vivid segment at an increase of 0.6%.
FCRF Advisory Board member Eden Rachminov explained: “The results of the index reflect pre-boycott prices on Russian diamonds. Since this boycott, the supply of yellow diamonds has dropped dramatically. The price increases also took place while China has been under a harsh lockdown. Once their Covid policy will dissolve and Chinese diamond lovers will return to the market, we will witness a burst in demand for luxury goods and fancy color diamonds in particular, followed by an additional significant price increase.”
