FCRF and Cutwise Unveil Pricing Tool for Colored Diamonds

The Fancy Color Research Foundation (FCRF) has collaborated with Cutwise to introduce a tool that will help manufacturers predict the market value of the stones they’re cutting.

The diamond visualization and analytics platform’s new feature will guide manufacturers during the planning process, allowing them to retrieve a price confidentially for different polishing options, the FCRF said Tuesday. The integration will allow Cutwise users to optimize fancy-color diamond polishing plans not only for visual outcome and yield, but also for the value each option is expected to command in the market, it added.

This is the first time wholesale market pricing has been incorporated directly into a fancy-color diamond-planning platform, representing a major shift in how manufacturers plan, polish and sell their diamonds, the FCRF stressed.

Manufacturers have long faced a “pricing blind spot” due to a lack of communication between companies’ production and sales departments, according to the FCRF. 

“Manufacturers have always had to choose between cutting for beauty and cutting for yield, without ever truly knowing what that value was in real market terms,” said FCRF CEO Roy Safit. “This integration closes that gap. For the first time, manufacturers can see, at every stage of planning, exactly what each alternative is worth in real wholesale market terms and plan accordingly.”

The wholesale pricing derives from multiple FCRF data sources, including its quarterly index, which draws on a methodology refined through continuous input from key market participants and a broad range of industry sources. This ensures manufacturers receive pricing that reflects current wholesale market conditions.

Image: Manufacturing process of a color diamond. (Fancy Color Research Foundation)