Back Arrow Back

Retail Jeweller: ASK THE EXPERT Q&A: Fancy Color Research Foundation Board Member Eden Rachminov

By Michael Elhyani | 27.11.14
Retail Jeweller: ASK THE EXPERT Q&A: Fancy Color Research Foundation Board Member Eden Rachminov

Following the news that a new not-for-profit organisation called The Fancy Color Research Foundation (FCRF) has launched, Retail Jeweller caught up with one of its board members Eden Rachminov to find out more.

By: Ruth Faulkner

 

What prompted the launch of the foundation?

 

“The foundation was launched by a number of industry leaders who had collectively recognised a need for clarity, transparency and a standard of ethics to be maintained across the fancy color diamond industry. Unlike their colorless counterparts, very little analysis of the fancy color diamond market has been done and the foundation provides a platform to share knowledge and to maintain ethical standards.”

 

What are the main aims/functions of the foundation?

 

“The foundation is dedicated to promoting transparency and ethics right across the fancy color diamond industry, at every stage of the diamonds’ journey from mine to market. The foundation has also undertaken research into long-term price trends in fancy color diamonds, resulting in the new index which measures the changes in prices of fancy color diamonds since 2005. This index will be maintained with new research and updated statistics moving forwards.”

 

What do you hope to achieve?

 

“Through the FCRF we improve the experience for all those who deal with fancy color diamonds, from miners through to investors and end buyers. A well maintained price index will also enable us to monitor how this rare category of gem stone performs as an alternative asset class. We want to see retailers using the Index as a selling tool for their customers.”

 

Who can become members and what is the process?

 

‘Membership is open to anyone and can be applied for through the website fcresearch.org.’

 

Can you explain how the new index tool works and how members can utilise it?

 

“The Fancy Color Price Index is a first-of-its-kind tracker of changes in the market prices (per carat) of yellow, pink and blue fancy color diamonds, the three most commonly traded FCD categories. It is a composite representation of changes in price points gathered since 2005, based on a statistically significant sample size (tens of thousands of diamonds). The index offers insight into variations in the appreciation of diamonds of different colors and sizes. Only members are able to access of data, analysis and rich visual outputs for all FCRF products and services as we disseminate information to all foundation members, keeping the retailers up to date.”

+

The article has been sent to your email address. Enjoy!

People who read this article, also read:
FCRF Insights
The Quiet Elegance of Wealth
As we navigate the currents of the modern era, an interesting evolution is taking place in the realm of wealth and affluence. The time-worn tradition of publicly parading one’s wealth is fading into the background, giving rise to a new phenomenon—the concept of ‘stealth wealth.’ At its heart, stealth wealth champions the virtues of privacy, […]
FCRF Insights
One in 10,000??
The issue of Fancy Color Diamonds’ rarity has never really preoccupied the geological community. This may be because the industry relies on rough numbers, so it may not be necessary to chase down these elusive figures. Hypothetically speaking, to come up with a rarity estimate of fancy color rough diamonds, a ###truncate### centralized body would […]
x close

To continue reading this article

Or

Shopping Cart

You cart is empty

The FCRF App is now available for
Download Button
Continue To Website

The first Market review on Fancy color diamonds

Market Size, retail and customer segments, price evolution, auction insights and much more!

Market Size, retail and customer segments,
price evolution, auction insights
and much more!