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Fancy-Color Diamond Prices Dip Slightly Amid Global Trade Tensions

Market shows resilience despite U.S. tariff concerns, with vivid pink diamonds leading both gains and losses.

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Prices of fancy-color diamonds declined modestly by 0.3% in Q1 compared to the previous quarter, as cautious consumer sentiment persists in light of looming U.S. tariffs, according to the Fancy Color Research Foundation (FCRF). Pink diamonds saw the smallest dip at 0.1%, with larger stones in the fancy-vivid category performing strongly—10-carat stones rose by 3%, while 5-carat stones were up 1.1%. However, 1.5-carat fancy-vivid-pink diamonds recorded a 2.3% drop, ranking among the quarter’s biggest losers.

Blue fancy-color diamond prices edged down 0.5%, reflecting a stable market trend, while yellow diamonds fell 0.7%. The most significant drop came from the 3-carat fancy-intense yellow, which declined 3%.

Despite short-term fluctuations, the long-term trend remains positive: since 2005, pink diamond prices have soared 394%, blues have risen 242%, and yellows have gained 49%.

“While global trade anxieties — particularly around renewed US tariff proposals — have undoubtedly created caution across luxury sectors, the fancy-color diamond market remained impressively composed,” said FCRF CEO Roy Safit. “In fact, given the sharp rhetoric around import duties and reshoring, many expected a more dramatic correction. Instead, the data shows a contained, strategic repositioning. It speaks to the market’s growing maturity and the defensive appeal of vivid-color diamonds.”

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DiamondBuzz

VBJ Partners With Ignition 2026 To Celebrate Ideas, Culture and Craftsmanship

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VBJ, Vummidi Bangaru Jewellers, one of South India’s most trusted heritage jewellery brands, partnered with IGNITION, the acclaimed thought leadership platform presented by the Shiv Nadar Foundation and curated by award-winning journalist Shoma Chaudhury. Held at ITC Grand Chola, Chennai, the event brought together distinguished voices from diplomacy, cinema and international affairs, while VBJ showcased its latest PARRO – Signature Collection, celebrating exceptional craftsmanship inspired by nature.

The evening featured compelling conversations with Dr. Abdul Majid Hakeem Ilahi, representative of Iran’s Supreme Leader, who shared perspectives on the evolving geopolitical landscape in West Asia; acclaimed actor Ali Fazal, who reflected on his artistic journey from Indian cinema to Hollywood; and former Foreign Secretary Vijay Gokhale, who discussed the changing global order and insights from his latest book, China’s Wars.

Adding an artistic dimension to the evening, VBJ unveiled a curated display of its PARRO – THE SIGNATURE PARROT COLLECTION, an exclusive line inspired by the grace, vibrancy and symbolism of the parrot. Combining intricate craftsmanship with contemporary design sensibilities, the collection reflects VBJ’s enduring commitment to transforming nature into timeless wearable art.

Speaking on the occasion, Amarendran Vummidi, Managing Partner, VBJ, said:

“IGNITION has established itself as a platform where influential voices come together to spark conversations that shape perspectives. At VBJ, we believe that meaningful ideas and enduring craftsmanship both have the power to inspire generations. Our continued association with IGNITION reflects our commitment to supporting platforms that celebrate excellence, dialogue and creativity.”

Jithendra Vummidi, Managing Partner, VBJ, added:

“The PARRO collection embodies our pursuit of artistry that is rooted in heritage yet resonates with contemporary lifestyles. Presenting it at IGNITION, a forum that celebrates ideas, innovation and culture, is a fitting way to showcase how timeless craftsmanship continues to evolve while staying true to its origins.”

As a fifth-generation family-run brand, VBJ takes immense pride in its legacy as the creator of the historic Sengol (sceptre) – a sacred symbol of India’s democratic journey. Rediscovered after 72 years through meticulous research by the VBJ team, the Sengol was reinstated beside the Speaker’s chair in India’s new Parliament building, Sansad Bhavan, by Hon’ble Prime Minister Narendra Modi, marking VBJ’s enduring bond with India’s cultural and national heritage. Continuing this legacy, VBJ is now set to unveil its largest jewellery showroom on Coimbatore’s 100ft Road.

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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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