Part 2: KPCSC wants Russia to help end impasse on new definition of conflict diamonds

In the first installment of this two-part exclusive interview with Shamiso Mtisi, the coordinator of the Kimberley Process Civil Society Coalition (KPCSC), we focused on illegal diamond mining in the continent and where the contraband ends up...

Today

Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond...

18 october 2021

The jewelry industry in Russia needs to be upgraded in a serious way

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation...

11 october 2021

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond...

04 october 2021

Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

27 september 2021

FCRF Report: Minor decrease in fancy color diamond prices in 2020

19 february 2021
news_19022021_fcrf.pngImage credit: FCRF



The Fancy Color Research Foundation (FCRF) has announced the Fancy Color Diamond Index results for Q4 and a summary of 2020.
In Q4, the prices of all pink diamonds overall remained without a change. Blue diamond prices overall presented a 0.5% decrease in Q4, led by the vivid category that decreased by 0.6%. The prices of Yellow diamonds presented stability in all saturations, with the 3 carats segment increasing by 0.4%. 
Although 2020 was challenging in terms of logistics and travel, contrary to market expectations Fancy Color Diamond prices proved to be resilient, with minor price decreases across the board. Fancy Color diamonds decreased by less than one per cent. The Yellow category decreased by 0.3%, Pinks by 0.9% and Blues by 1.3%.
FCRF Advisory Board member Eden Rachminov said: “2020 was a fascinating year; wholesalers and retailers alike had to overcome many logistical hurdles to finalize simple transactions, while demand for Fancy Color Diamonds was solid. I expect 2021 to be a bullish year for Yellows, their current price is relatively low and I think that a price increase is inevitable.”
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.

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