Data Suppliers: Index Feedback

The FCRF data suppliers are 24 of the most influential fancy color diamond companies in the market. Among these companies are manufacturers, traders and other specialists, each representing a different segment of the fancy color niche. The data suppliers, in addition to being members of the FCRF, are responsible for providing high quality pricing data every quarter in order to generate the Fancy Color Diamond Index (FCDI). The interviews below provide insights on the quarterly index readings.

Name
Harsh Maheshwari
Company
Kunming International Ltd (Kunming Diamonds)
Dealing in Fancy Color Since
2002
Location of Offices
Hong Kong, USA, Japan, Thailand
Fancy Color Price Category
Low to High
What is the reason, in your opinion, for a fast recovery of Fancy Color prices, even before the end of the global pandemic?
The pandemic has somewhat rewired the global consumer's mindset. Historically fancy colored diamonds' demand waxes and wanes with the fortune of the world economy. Just as the financial crisis rebounded, the demand for colored diamonds and other luxury goods became insatiable. In my opinion, I can see these changes in prices and consumer behaviour likely to endure long after the pandemic. Last year's turbulence reminded us of the significance of having a sound wealth preservation strategy, and natural colored diamonds are one of the safest choices for storing wealth. Collectors are increasingly looking to make their assets strong not only for themselves but also for future generations.
Name
David Houta
Company
Ella M.D. ltd.
Dealing in Fancy Color Since
1996
Location of Offices
Israel
Fancy Color Price Category
Medium to high
What is the reason, in your opinion, for a fast recovery of Fancy Color prices, even before the end of the global pandemic?
In my 26 years of experience I have seen the price of fancy colored diamonds getting soft three times, and every time their prices rebounded back. Starting in 1987, wealthy investors understood the potential of a rare, beautiful, and transportable commodity that proved over the years to be as steady as real estate, with even better returns. 2020 created immense wealth for the super riches and anyone ready to take risks. In addition, the Hip Hop culture became huge worldwide, with the famous and wealthy enjoying wearing big rocks and Color Diamonds. It created a new diamond market for men alongside women.
Strangely enough lockdowns combined with social networks helped our industry tremendously: very wealthy individuals had to stay home and after some time boredom brought them to Instagram where people like to show their wealth, they spent money first on hard-to-get watches and then on rare diamonds.
Moreover, large diamond companies now feel compelled to have a color diamond inventory to satisfy their clients' requirements, while production is slow and demand is high, so prices go up. Last but not least, countries had to print money to help their citizens during lockdowns and inflation reflected in the stock market and cryptocurrencies. Therefore, when people started cashing out their profits, why not buy one of the most beautiful and transportable wealths that are Fancy Colored Diamonds?
Name
Oz Mashiah
Company
Novel Collection
Dealing in Fancy Color Since
1975
Location of Offices
Israel, USA, Hong Kong, China, Thailand, Canada
Fancy Color Price Category
Medium to high
What is the reason, in your opinion, for a fast recovery of Fancy Color prices, even before the end of the global pandemic?
The reason is only a lack of goods, specifically great looking goods, while the demand hasn’t necessarily grown, in my opinion.
Name
Shai Balachsan
Company
Dbs diamonds INC.
Dealing in Fancy Color Since
2011
Location of Offices
LA, NY, Tel Aviv
Fancy Color Price Category
Low to high
What is the reason, in your opinion, for a fast recovery of Fancy Color prices, even before the end of the global pandemic?
Money is losing its value, while the inflation rates are on the rise.
History shows us that Fancy Color diamonds, and especially Pinks and Blues, are a great investment and a great hedge. For example if I would’ve held on to the best five stones I had, Blues and Pinks from 10 years ago would’ve probably double up my money.

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