Prices of fancy-color diamonds grew in 2022, led by strong demand for yellows, which saw a rise in every category, according to the Fancy Color Research Foundation (FCRF).
“2022 was a very good year for yellow fancy-color diamonds in all sizes and saturations,” Israel Papushado, a data supplier for FCRF, said Wednesday. “It seems like yellow diamonds with high visual grades and in certain shapes increased by more than what is reflected in the index.”
The average price of all fancy-color diamonds ended the year 3.9% higher than 12 months earlier, FCRF noted. Prices for yellows jumped 4.6% for the year, while pinks climbed 3.9%. Blues rose 1.8%.
The top-performing categories during the year were 1.5-carat, fancy-vivid pinks, up 9.3%, and 8-carat fancy yellows, which rose 9%. Meanwhile, the lowest performers were 8-carat fancy blues, down 1.8%, and 3-carat fancy blues, with a 1% drop.
“Pink fancy-color diamonds performed with no significant change in comparison to previous years; however, blue diamonds did not perform as expected, probably due to the limitations in the Chinese market, which looks like it will change very soon,” Papushado explained.
In the fourth quarter, the organization’s Fancy Color Diamond Index rose 1% from the previous three months. Yellow prices grew 1.5%, with no decreases in any hue, the FCRF said. Pinks rose 0.8%, with 1.5-carat vivids proving the strongest in the segment, increasing 4.6%. Prices of blues inched up 0.4% during the period.
The index tracks prices of yellow, pink and blue fancy-color diamonds in Hong Kong, New York, Geneva and Tel Aviv.
Image: Yellow diamonds. (Shutterstock)
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