Press Releases

FCDI Q3 2020

After months of a logistical halt, a 0.7% decrease for Fancy Color Diamonds 

New York, November 12th, 2020: The Fancy Color Research Foundation (FCRF) announced today the results of the Fancy Color Diamond Index (FCDI) for Q3 2020.

2020 will be remembered as the year the world stood still. Literally, most commercial and cargo flights halted, stores closed down and business resolved to work remotely with no travel to the office. Aligning with the COVID-19 restrictions, many businesses had not only to change the way they operate, but to slow down or close production completely.

After two long quarters, in which the FCRF was unable to conduct a price survey, we are thrilled to publish the first index for 2020. 

Q3 2020 results: 

On average, Fancy color prices slid down by 0.7%, however, with transactions picking up in Q3 2020, the FCDI displayed a general stability in relation to this chaotic period. The majority of categories experienced a decrease of less than 1%, while Yellow showed lower drops than Blue and Pink. The Vivid category in all color segments presented stability (-0.1%), in comparison to the Fancy grade (-1.1%) and Fancy Intense (-0.9%) categories.

Yellow diamonds presented the lowest decrease in Q3 (-0.3%). The category that showed a significant increase is the Fancy Intense Yellow 8 carat, rising by 1.0%. In contrast, the Fancy Intense Yellow 5 carat category decreased (-2.4%).

Overall Pink diamond prices decreased by 0.8% in Q3 2020. The Fancy Vivid Pink category showed the greatest price drop (10 carat dropped by 3.5%), as well as the greatest price rise (1.5 carat rose by 1.6%).

Similar to Pinks, overall Blue diamond prices declined in Q3 (-0.8%). The 1.5 carat category decreased (1.8%) and the Fancy Vivid Blue 2 carat category increased (1.5%).

Category Q3/20 vs. Q4/19

9Months 2020

Q4/19 vs. Q4/18

12Months 2019

All Fancy Color Diamonds -0.7% -1.4%
All Yellow Fancy Color Diamonds -0.3% -5.4%
All Pink Fancy Color Diamonds -0.8% 0.1%
All Blue Fancy Color Diamonds -0.8% 0.2%

FCRF Advisory Board member Oren Schneider said: While diamond trading is not yet fully back to pre-COVID ‘normalcy’, we are clearly seeing an increasing fancy color diamond transaction activity as a result of governments easing regulatory restrictions. We are looking forward to further improvement in the business environment leading into 2021.”

The Fancy Color Diamond Index is published by the non-profit Fancy Color Research Foundation (FCRF), tracking pricing data for Yellow, Pink, and Blue fancy color diamonds in major global trading centers – Hong Kong, New York, Geneva and Tel Aviv.

About the FCRF

The Fancy Color Research Foundation (FCRF) works to provide fact-based support for Fancy Color Diamonds as an asset class and to empower Fancy Color Diamond sellers through a new information channel that improves consumer experience.


  • Provides its members with unique analytical tools and innovative services: pricing data, rarity data, B2B valuations, auction analysis, and commercial research.
  • Promotes a fair and transparent buyer experience through the Fancy Color Diamond Price Index.
  • Offers members a proprietary ability to analyze and compare Fancy Color Diamond rarity.



FCDI Q2 2020

Diamond couriers and mining companies tell the industry’s story during COVID-19

Insufficient pricing data for compiling the fancy color diamond index

New York, August 7, 2020

The continuous freeze of business activity during the ongoing COVID-19 pandemic has had a significant effect on the diamond trade. While demand for fancy color diamonds is percolating  and sales are in the pipeline, only a limited number of deals are actually executed. Leading diamond courier companies and mining companies have been reporting zero activity at certain periods of time, something that has never been witnessed before in diamond industry history. 

The diamond shipping numbers reported by Malca-Amit and Brinks, the world’s leading diamond courier companies, are consistent with the numbers reported by Fancy Color Diamond dealers and mining companies. During April, diamond shipping activity was at zero. However, in the months of May and June, activity started to gradually increase, and today they are hopeful about activity in the second half of 2020 and a rehabilitation of the industry by mid-2021.

In the last few weeks global diamond shipping has slowly resumed and auction houses have presented adequate results for mid-to-low quality Fancy Color Diamonds . This slow stream of transactions, while positive, started too late in the quarter to be included in the FCRF Index. The transaction input in this quarter was insufficient and  could not generate comprehensive conclusions without damaging the integrity of our output. These factors have resulted in the Fancy Color Diamond Index once again not being able to be published.

Mining companies have reported the cessation of mining work during certain months and there has been a very slow return to activity. This fact has resulted in sluggish sales of rough diamonds in comparison to the corresponding quarter last year. Despite Canadian mines still being on lockdown, some areas in the world are beginning to slowly resume production, such as the Alrosa mine in Russia and various mines in Africa.

FCRF Advisory Board member, Jim Pounds said: “While the relatively long closure of operations or reduced production by the mining companies may result in a shortage of rough diamonds at the beginning of 2021, it seems that the main factor will be the restricted movement of polished diamonds around the world.”

Below is a short timeline review of Q2 2020 Activity. The mining data excludes mid to small mining companies that do not report data to the market.

Courier companies – Diamond shipping activity was reduced by 90%-100%

Mining companies – Mining production gradually fell to ~30%  in Russia. Mines in Canada were completely shut down from March. Several mines in South Africa, as well as cutting and polishing facilities in India, were forced to shut down due to COVID-19 restrictions.

Courier companies – Diamond shipping activity was reduced by 70%-80% compared to the same time last year.

Mining companies – Access to South Africa and India was severely limited, as more mines were forced to shut down production, continuing the decline by 54%-100%, with sales based on existing stock.

Courier companies – Diamond shipping declined by 50%-70%.

Mining companies – Complete shutdown of production in many mines across the globe, with sales decreasing by 50%-97%, allowing clients to defer this quarter’s purchases to later in the year. July is showing a slow return to production in Russia.

Based on the gradual renewal of business transactions and flights, the FCRF hopes to publish the next index in Q3 2020.

FCDI Q1 2020

COVID-19 Restrictions temporarily halt Fancy Color Diamond Trade


For the first time since its inception the FCRF will not publish a quarterly index


New York, April 13, 2020: Due to the COVID-19 pandemic, for the first time since its inception in 2015, the Fancy Color Research Foundation (FCRF) will not publish the Fancy Color Diamond Index (FCDI) for Q1 2020. 

The FCRF had concluded the quarterly data collection process from its data suppliers and learned that the volume of transactions conducted in March is not sufficient enough to establish accurate market pricing data, for the majority of fancy color diamond categories. Contrary to the great recession of 2008, this economic crisis is characterized by a complete logistical lockdown, with global restrictions that have caused retailers, shipping and other industry logistics to be completely blocked. Miri Chen, FCRF’s CEO explains, “This situation prevents the conveyance of diamonds from buyers to sellers regardless of fancy color market prices, while the index methodology is based on data compilation derived from a minimum volume of transactions per category. Under these circumstances, the FCRF advisory board has concluded that the integrity of our price analysis process is compromised, and has decided not to present pricing data for this quarter.”

The FCRF chairman, Mr. Eden Rachminov, went on to explain, “The unprecedented government restrictions, as a result of COVID-19, have brought fancy color diamond trading to a temporary halt. Cargo flights are not operating, logistical centers are closed and the stores at Place Vendome, New York and Hong Kong are on lockdown.” Mr. Rachminov added, “We are seeing orders in the pipeline that cannot be fulfilled due to these limitations. We fully expect trade to resume later in 2020 and the pricing data will be available when trade becomes possible again”. 

FCDI Q4 2019

FCRF: Pink Diamonds Led the Chart throughout the Decade

New York, February 3, 2020: The Fancy Color Research Foundation (FCRF) announced today the results of the Fancy Color Diamond Index (FCDI) in 2019 and over the last decade. During the years 2010-2019 the general index showed a steady market price increase of 77%. Leading the index during the decade were Pink diamonds, which increased by 116%. The prices of Blue diamonds rose by 81% and of Yellow diamonds by 21%. 

Here are some prominent results of the FCDI during the last decade: In the Pink color category – 5ct increased by 99%. In the Blue color category – Fancy Vivid Blue 1ct increased by 135%, and in the Yellow color category – Fancy Vivid Yellow 5ct and 3ct increased by 30%.

During the year 2019 there was a 1.4% decrease in the general index, mainly influenced by a 5.4% decrease in Yellow diamonds. The Pink and Blue categories showed stability. Going into further detail, in the Pink category – Fancy Vivid Pink increased by 4.4%, while Fancy Vivid Pink 3ct increased by 9.1%. In the Blue category – all 1ct, 1.5ct and 2ct increased by 2.5%, 3.7% and 2.7% respectively.  Fancy Vivid Blue 1.5ct increased 7.2%. In the Yellow category – Fancy Vivid Yellow 10ct decreased by 6.1% and Fancy Intense Yellow 3ct decreased by 5.3%.

Q4 2019 results:    

In Q4 2019, the pink segment decreased by 0.2%. Fancy Vivid Pink in the 2ct category rose by 1.7%, while Fancy Pink in both 1ct and 8ct declined by 1.2% and 1.1% respectively. The 5ct Fancy Pink category decreased by 2.7% in Q4 2019, and also presented the most significant decline of Pink diamonds in 2019. 

Blue diamond prices slightly declined in Q4 by 0.5%, mainly as a result of the decline of 2.1% in the Fancy Blue 8ct and a decrease of 2.2% in the 5ct Fancy Intense Blue. Fancy Intense Blue 8ct presented an increase of 2.0%. 

In the Yellow segment in Q4, the only category showing a significant increase was the Fancy Vivid Yellow 10ct, which rose by 1.0%, while the greatest price drop was -4.3% in the Fancy Vivid Yellow 5ct category. 

For a complete data analysis, please visit

Category Q4/19 vs. Q3/19 Q4/19 vs. Q4/18
All Fancy Color Diamonds -0.6% -1.4%
All Yellow Fancy Color Diamonds -1.4% -5.4%
All Pink Fancy Color Diamonds -0.2% 0.1%
All Blue Fancy Color Diamonds -0.5% 0.2%

In January 2020, the FCRF refined its database and index model and adjusted past data accordingly.

FCRF Advisory Board member, Jim Pounds said: “The declines we witnessed in 2019 in the fancy color index are a ripple effect caused by the double digit decrease in the colorless category in the last few years. From the mining perspective we are currently experiencing a shortage in high quality fancy color rough and we therefore feel quite optimistic about the future”. 
The Fancy Color Diamond Index is published by the non-profit Fancy Color Research Foundation (FCRF), tracking pricing data for Yellow, Pink, and Blue Fancy Color diamonds in major global trading centers – Hong Kong, New York, Geneva and Tel Aviv. 

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