Press Releases


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. 

FCDI Q3 2019

Blue and Pink Diamonds Show Price Stability in Q3 2019

New York, November 5, 2019: The Fancy Color Research Foundation (FCRF) reported that prices of Fancy Color diamonds in Q3 2019 largely remained stable. The Fancy Color Diamond Index (FCDI) for Q3 2019 showed a decrease of 0.5% in overall Fancy Color prices, driven by a 1.5% decline in the prices of Yellow diamonds. Prices of Blues and Pinks stood firm.

As in the past 12 months, in the third quarter, the Fancy Vivid category outperformed (0.1%) the Fancy Intense (-0.5%) and Fancy (-1.0%) categories.  

In comparison to the corresponding quarter in 2018, the Q3 FCDI indicates that the Fancy Vivid Blue 2 ct category increased by 6.9%, the Fancy Vivid Yellow 8 ct category decreased by 9.5% and the Fancy Vivid Pink 5 ct category showed an increase of 5%.

The prices of Pinks remained stable this quarter, with a mixed behavior in different categories, which resulted in a slight decrease of 0.1% overall, mainly due to a decrease of 3% in the 5 ct Fancy Pink category. However, all Fancy Vivid Pinks rose by 0.4%, with Fancy Vivid Pinks of 1 and 3 ct categories increasing by 1.6% and 1.7%, respectively. 

The Blue diamonds prices remained balanced in Q3, with a 0.1% increase. The sharpest increase in Q3 was presented by the 1.5 ct Fancy Vivid Blue category (2.1%). Over the past 12 months, the price of this category appreciated by 10.6%. Interestingly, the sharpest drop during this quarter (-2.2%) was in the 1.5 ct Fancy Intense Blue category. 

Generally, the prices of Yellow diamonds decreased by 1.5% in the current quarter. The most distinct price decrease of 3.5% was in the 3 ct Fancy Vivid Yellow category. The only category not presenting a depreciation was the 2 ct Fancy Intense Yellow.

For a complete data analysis, please visit 

Category Q3/19 vs. Q2/19 Q3/19 vs. Q3/18 
All Fancy Color Diamonds -0.5% -0.9%
All Yellow Fancy Color Diamonds -1.5% -4.9%
All Pink Fancy Color Diamonds -0.1% 0.9%
All Blue Fancy Color Diamonds 0.1% 0.5%

FCRF Advisory Board member Ephraim Zion said: “The civil unrest in Hong Kong has had a negative impact on the entire luxury market including diamonds and jewelry. Having said that, I’m not surprised that Fancy Color Diamonds have been more resilient and managed much better than their counterparts!”

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.

Shopping Cart

You cart is empty

Apply for Membership

Become a part of our community and get unlimited access to all of our innovative Tools and Articles

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