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Fancy Color Diamond Price Index—Q3 2025 Stability Signals Constructive Market Dynamics

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The Fancy Color Diamond Index (FCDI), a benchmark compiled by the New York-based Fancy Color Research Foundation (FCRF), reported stable pricing for Q3 2025, ending September 30th, after two consecutive quarters of modest decline. This period witnessed overall price neutrality; a slight decrease in yellows was offset by minimal gains in pinks, while blues held steady. Notably, the FCDI stands at 98.08, representing a 1.9% decline over the trailing twelve months—a mild improvement from the steeper 2.4% and 2.5% annualized reductions recorded in the previous quarters.

The index’s flat trajectory this quarter belies underlying shifts: pink fancy diamonds registered a 0.1% increase across all sizes and intensities, contrasting with a 0.4% dip in yellows. Industry leaders, including Harsh Maheshwari, executive director of Kunming Diamonds, note that such price consistency amidst global economic turbulence serves as a stabilizing force, fostering measured confidence among buyers and sellers, and enabling strategic decision-making for inventory management and procurement.

The FCRF commentary underscores that headline index stasis conceals sectoral momentum; targeted market segments—primarily pink stones—are achieving modest growth, mitigating headwinds from the yellow category. This nuanced environment supports the thesis that stability, rather than volatility, now anchors sector expectations. The latest quarterly update confirms that, in times of uncertainty, market steadiness is conducive to long-term confidence and resilience within the global fancy color diamond trade, providing a constructive outlook for key industry stakeholders.

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DiamondBuzz

Natural Diamond Council and Dubai Jewellery Group Host a Successful ‘The   Diamond Dialogue’ in Dubai

Industry leaders come together to discuss opportunities, challenges, and consumer trust in the diamond sector

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Natural Diamond Council (NDC), a global not-for-profit organization collaborating the natural diamond industry and its entire value chain, hosted first-ever edition The Diamond Dialogue in partnership with  Dubai Jewellery Group (DJG). The Diamond Dialogue was a thought-provoking industry roundtable that brought together leading voices from the UAE’s jewellery sector to discuss the evolving landscape of the natural diamond industry.

The session, held in Dubai, brought together key stakeholders, including retailers, industry leaders, and trade experts, for a candid exchange on the current challenges and opportunities shaping the diamond sector. Discussions centered on how the industry can better connect with today’s well-informed yet easily distracted consumer, ensuring that the emotional and enduring value of natural diamonds continues to shine through every interaction.

With the advent of lab-grown diamonds, experts reiterated that knowledge remains the cornerstone of trust and the strength of the diamond community. The dialogue emphasized the importance of clear and transparent communication, helping consumers understand that natural and lab-grown diamonds represent two distinct and parallel markets. Participants collectively agreed that honesty, transparency, and clarity must guide every engagement with consumers.

The session was moderated by Richa Singh, Managing Director – India & Middle East, Natural Diamond Council (NDC), and featured perspectives from Tawhid Abdullah, CEO, Jawhara Jewellery & Chairman, Dubai Jewellery Group; K.P. Abdul Salam, Vice Chairman, Malabar Group; Anuraag Sinha, Managing Director, Liali Jewellery; Chandu Siroya, Owner, Siroya Jewellers; and Amit Dhamani, CEO and Managing Director, Dhamani Group.

Our special guest, Mr. Ahmad Ali Moosa, Director of the Consumer Protection Department at the Dubai Corporation for Consumer Protection and Fair Trade (DCCPFT), offered a unique perspective on the importance of building a transparent ecosystem that prioritizes consumer trust and protection.

Commenting on the session, Richa Singh, Managing Director, Natural Diamond Council, “We’ve always envisioned The Diamond Dialogue as an open and honest conversation that leads to real action. Dubai has been the first market to embrace this initiative and to collaborate with us in moving the conversation forward. It’s inspiring to see industry leaders, retailers, and government stakeholders come together with a shared purpose, to strengthen trust, educate consumers, and shape a stronger, more transparent future for natural diamonds.”

Commenting on the session, Tawhid Abdullah, Chairman, Dubai Jewellery Group, “Dubai continues to be a beacon for the global jewellery trade, a place where innovation, integrity, and tradition converge. We are the most established jewellery market in the region and are thrilled to have NDC lead this important conversation. The Diamond Dialogue is an important step toward strengthening our collective voice and ensuring we uphold the highest standards of transparency and consumer confidence in natural diamonds.”

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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