Demand for large lab-grown polished diamonds will grow in high-income countries

Anastasia Shramko is an expert in precious stones, rough and polished diamond market, and an analyst. She is an author of the course “Lab-Grown Diamonds: Gemology and the Market” conducted on the site and in collaboration with the GemAcademia (International...


Waiting for Godot?: Botswana Diamonds awaits Zim kimberlite concessions application outcome

Diamond explorer, Botswana Diamonds applied for kimberlite concessions in the Northwest of Zimbabwe in late 2020. Company managing director James Campbell told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that they are still waiting for...

16 may 2022

“The demand far exceeds the supply,” says Dev Shetty, Founder-President & CEO of Fura Gems

In 2017, after a decade as chief operating officer and board member at Gemfields a coloured gemstone mining company, Dev Shetty took the courageous step of starting, from scratch, a mining company. He named it FURA Gems. Today, it is one of the largest...

09 may 2022

Igor Kulichik: The diamond market is now in the initial phase of turbulence

Igor Kulichik is a well-known expert in the diamond market. He has worked in the diamond industry for 20 years: he was CFO of ALROSA from 2002 to 2017, and a member of the Board of Directors of AGD Diamonds from 2018 to 2022. He is also a member of the...

02 may 2022

There is a classic phrase: “Art is an Ambassador of Peace.” And this is true

Chief Expert of the Gokhran (State Valuables Depository) of Russia Veronika Voldaeva, Art History Ph.D., Honored Worker of Culture of the Russian Federation, author and compiler of the decorative and applied section of the Gokhran’s collection...

25 april 2022

Fancy Color Diamond prices dip a nominal 0.7% in Q3 2020

16 november 2020
Image credit: FCRF

The Fancy Color Research Foundation (FCRF) has announced the results of the Fancy Color Diamond Index (FCDI) for Q3 2020. After two long quarters, due to COVID-19 restrictions, FCRF was unable to conduct a price survey. FCRF has now published the first index for 2020, says a press release from the Foundation.
On average, Fancy Color prices slid 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 of -0.1%, in comparison to the Fancy grade to -1.1% and Fancy Intense to -0.9% categories.
Yellow diamonds presented the lowest decrease in Q3 of -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 by -2.4%.
Overall, Pink diamond prices decreased by 0.8% in Q3 2020. The Fancy Vivid Pink category showed the greatest price drop when 10-carat diamonds dropped by 3.5%, as well as the greatest price rise as 1.5-carat stones 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%.
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."

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough&Polished