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FCDI Q1 2022

Q1 2022: Pinks rise 1.3% to lead fancy color diamond price gains in Q1 2022


New York, May 4, 2022: The Fancy Color Research Foundation (FCRF) today announced the results of the Q1 2022 Fancy Color Diamond Index (FCDI). Prices of Fancy Color Diamonds continued 2021’s positive trend and rose by 1.0% across the board. The general increase was led by Pinks at 1.3%, with Yellows following at 0.7% and Blues showing nearly no change.  

The Fancy category and Fancy Intense in all colors, showed an increase of 1.3% and 1.2% respectively, outperforming the Fancy Vivid segment at 0.6%.


Pink diamonds’ general price increase of 1.3% was mainly driven by the Fancy category (1.7%) in the 1 and 2 ct weight categories: 2 ct in Fancy Intense (3.5%), 2 ct in Fancy Vivid  (3.2%), and 1 ct Fancy Intense  (2.9%). Larger weight categories also exhibited significant price increases, with Fancy Vivid 10 carat and Fancy Intense 3 carat leading this color category, both rising 2.2%. 

The only two pink categories whose prices decreased this quarter were the Fancy Vivid 3 carat and the Fancy 8 carat, both with a 0.3% decrease.


Fancy Blues showed overall stability in Q1 (0.1%) in all weight categories (0.0%-0.6% change). Fancy Intense grade (0.5%) outperformed Fancy Vivid (0.0%) and Fancy (-0.5%) grade saturations. The only two categories that fluctuated more than one percent were: Fancy Intense 2 carat, which climbed by 1.3%, and Fancy 3 carat, which fell 1.3%.  


The Yellow category rose by 0.7% in Q1, mostly due to appreciation in the Fancy Intense grade (1.1%). Across the board, diamonds above 5 carats rose more than diamonds below this weight (1%+ vs. <1%, respectively). Fancy Intense 8 carat stood out with an increase of 2.5%. The weakest performance in Q1 was noted in Fancy Vivid 1.5 carat (-0.5%).

For a complete data analysis, please visit

Category Q1/22 vs. Q4/21


Q1/22 vs. Q1/21


All Fancy Color Diamonds 1.0% 2.5%
All Yellow Fancy Color Diamonds 0.7% 1.9%
All Pink Fancy Color Diamonds  1.3%  2.8%
All Blue Fancy Color Diamonds 0.1% 1.7%

FCRF Advisory Board member Eden Rachminov explained: 

“The results of the index reflect pre-boycott prices on Russian diamonds. Since this boycott, the supply of yellow diamonds has dropped dramatically. The price increases also take place while China is under a harsh lockdown. Once their Covid policy will dissolve and Chinese diamond lovers will return to the market, we will witness a burst in demand for luxury goods and fancy color diamonds in particular, followed by an additional significant price increase.

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