Despite Varied Expectations, It’s Business As Usual for Fancy Color At Auction

By The FCRF Team | 21.11.14
Despite Varied Expectations, It’s Business As Usual for Fancy Color At Auction

Fancy color diamond sales at the recent Geneva auction held by Christie’s and Sotheby’s surpassed the mixed expectations fueled by the diamond industry. Though short lulls in the diamond market occur every 5-7 years, the current state of the market is triggered by global political unrest rather than natural ebb and flow.

Current FCD market conditions are attributable to subdued spending from consistent FCD buyers, most notably Asian ultra-high-net-worth individuals (UHNWIs). The Chinese government’s recent anti-corruption policy has had an effect on the climate of the luxury market, as austere penalties have led to rising fears of extravagant spending – this affects the luxury market across all sectors. Until China regains its footing, the atmosphere in the luxury industry

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