Fancy Color Research Foundation (FCRF) is a non-profit organization that promotes the transparency and fair trade of fancy colored diamonds. The foundation was initiated in 2005 and officially inaugurated in November 2014. The FCRF conducts research on all aspects of fancy color diamonds and publishes quarterly updates of the Fancy Color Diamond Index (FCDI), which illustrates price changes in the market behavior of natural fancy color pink, blue and yellow diamonds in various sizes and saturation levels. The FCDI tracks pricing behavior over time and does not publish any actual prices.
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The foundation operates from the Israel Diamond Exchange in Ramat Gan, Israel and New York, NY, USA.
History
The Fancy Color Research Foundation was founded in 2005 when the organization began to collect data for fancy color diamond wholesale market prices. Data was collected for nearly ten years before the first quarterly update of the Fancy Color Diamond Index (FCDI) in January 2015. In addition to the FCDI, the foundation publishes proprietary research articles and develops digital tools for the fancy color diamond segment.
Research
FCRF publishes research articles on fancy color topics such as pre-auction analyses, market research and a range of industry specific subjects. From 2005 to 2014, the FCRF confirmed that fancy color diamonds have experienced an average total appreciation of 154.7%. Financial Times reported that Daniela Mascetti, a senior specialist in the international jewelry department at Sotheby's, has expressed interest in the FCRF's data because “the fancy coloured diamonds category is hugely nuanced and subjective."
Philanthropy
The majority of the Fancy Color Research Foundation’s income is reinvested in further research and education, and any surplus is donated to the Make-A-Wish Foundation.