How Rare is your Diamond?
What is Rarity
For centuries, diamonds have been unearthed in various parts of the world. In recent years, technology has enabled us to unearth diamonds faster, deeper, and with less wear on rough diamonds in the process. Despite this progress, a few things remain unchanged: the finite number of diamonds in these underground deposits and the ratio between sizes of rough, as well as clarities and colors. In other words, in the past decade, miners have effectively unearthed the same ratio of small to large diamonds, and the same ratio of colorless to fancy color rough.
Out of 33 million carats of rough, on average only fragments of a percent are Fancy Color Diamonds. Most of them will not pass through the GIA laboratory as they are too small and do not require a grading report. The diamonds that do go through the grading process stand for approximately 3% out of all diamonds submitted to the GIA every year. It is important to remember that rarity is first and foremost a result of natural circumstances. However, we need to understand that manufacturing decisions also impact the rarity grade.
The Rarity Report
How rare is a natural fancy color diamond? This is a fascinating question that, to this day, can only be answered using the FCRF algorithm. The vast amount of data, collected from the diamond supply chain, was carefully documented and analyzed over the years, enabling us to determine how many fancy color diamonds enter the market each year. Retailers report that this one-of-a-kind input is the most important information they rely on during a sale, and certainly the most prominent fact collectors remember long after they have purchased a diamond. Once the color, shape, saturation, and clarity have been selected, the FCRF algorithm will generate a report that reflects the market prevalence of your specific natural fancy color diamond.
The Added Value
The FCRF rarity tool lets you discover how rare your fancy color diamond is. Rarity output is based on data from mining companies, GIA studies, fancy color manufacturers around the world, and extensive online surveys. The information reflects an ongoing data analysis of most colors and sizes analyzed by the GIA. No other entity has taken the task of collecting, analyzing, and publishing the average amounts of each type of fancy color diamonds that enter the market every year. As such, there is an absolute lack of knowledge about rarity in the industry and outside of it.
The FCRF rarity tool allows you to discover how rare your Fancy Color Diamond is. The rarity output is based on data from mining companies, GIA, Fancy Color manufacturers around the world & online surveys, and reflects years of research and data analyses. The FCDR provides data-based Rarity range estimates of: Yellow, Blue and Pink Fancy Color Diamonds above 1 carat.
No entity has taken upon itself the task of collecting, analyzing and publishing the average amount of Fancy Color Diamonds entering the market every year. As such, the lack of knowledge in the industry and outside of it is absolute.The data is collected and cross-referenced from various sources:
Extensive GIA research + A proprietary FCRF mining survey + On-line analysis + Surveys with data suppliers of the FCRF