Unveiled in partnership with Choron Group and the Fancy Color Research Foundation (FCRF), the Fancy Color Diamond Report presents a comprehensive look into the extraordinary world of colored diamonds — from their geological formation and rarity to their escalating value and cultural significance. The release coincides with a wave of high-profile discoveries and record-breaking auction sales that have reignited global interest in these rare gems.
Headlining recent developments is the discovery of an ultra-rare purple diamond at the Diavik mine in Canada, considered one of the most exceptional finds in recent history. The buzz continued through June with significant auction moments, including the $14 million sale of the Marie-Thérèse Pink diamond at Christie’s New York and several standout pieces at Sotheby’s, such as a 5.02-carat fancy pink ring and a rare fancy green-blue diamond.
Celebrity spotlight has also played a role in elevating interest, with Lauren Sánchez’s dazzling pink diamond jewellery, worn at her Venice wedding to Jeff Bezos, making headlines globally.
The newly launched report offers in-depth analysis of what makes these diamonds so valuable and fascinating. It explores the science behind colors such as red, blue, green, and pink — the rarest and most prized hues — and details how cutting techniques are uniquely tailored to enhance color intensity.
Backed by data from the FCRF, the report reveals that prices for fancy color diamonds have surged over 205% since 2005. Pink diamonds alone have appreciated by nearly 394%, highlighting their increasing demand and limited supply.
Other highlights from the report include:
Only a handful of red diamonds larger than two carats exist.
Fancy color diamonds have appreciated at a compound annual growth rate of 5.7% over the past 20 years.
Some diamonds exhibit a “chameleon effect,” temporarily changing color when exposed to heat or darkness.
Despite broader economic uncertainty, the fancy color diamond sector has shown notable resilience. According to FCRF CEO Roy Safit, the market has matured and strategically repositioned, demonstrating both emotional and investment-driven value.
Choron Group CEO Anshul Gandhi added that fancy color diamonds require deep craftsmanship and gemological expertise, noting that Choron continues to cater to collectors, investors, and luxury houses globally with curated offerings.
The report outlines key regions that produce fancy color diamonds, including Canada, Botswana, South Africa, Sierra Leone, and Australia. Despite their global allure, these diamonds account for only a minute share of total diamond production, further driving their appeal.
Auction houses continue to spotlight fancy color diamonds as centerpiece offerings. Sotheby’s and Christie’s have consistently featured them in recent months, and the momentum shows no signs of slowing. Among the most iconic examples remains the CTF Pink Star, a 59.60-carat Fancy Vivid Pink diamond that set a world auction record at $71.2 million in 2017.
With couture week underway, top jewellery maisons are expected to showcase new creations featuring these rare gems. From high-profile exhibitions to red-carpet debuts, the visibility of fancy color diamonds is poised to soar, further solidifying their position as symbols of passion, individuality, and enduring value.
As NDC CEO David Kellie summarised, this report aims to be a definitive guide for consumers, press, and the trade. It celebrates fancy color diamonds not just as stunning adornments, but as timeless treasures of the Earth’s natural brilliance.
