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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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Qatar Diamond Exchange Partners With London Diamond Bourse To Expand Global Reach and Industry Collaboration

MoU Aimed At Fostering Deeper Commercial Ties, Expanding International Trade Opportunities, and Reinforcing Global Industry Standards. The Partnership Is Expected To Drive Economic Growth For Both Bourses While Enhancing Transparency and Trade Efficiency Across The Global Supply Chain.

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The Qatar Diamond Exchange (QDE) and the London Diamond Bourse (LDB) have officially signed a Memorandum of Understanding (MoU) aimed at fostering deeper commercial ties, expanding international trade opportunities, and reinforcing global industry standards.

The strategic agreement was signed in London by QDE Director Ghanim Al-Saadi and LDB President Charlotte Rose. The partnership establishes a formal framework to enhance cooperation between the two institutions through reciprocal market visits, joint participation in trade events, and shared access to tenders and auctions.

This agreement marks the latest milestone in QDE’s strategic initiative to connect regional markets with major international trading hubs. In recent months, QDE has expanded its global network by establishing partnerships with prominent bourses in Tokyo, Singapore, Shanghai, and Italy.

Under the terms of the MoU, both bourses will collaborate to strengthen the natural-diamond and colored-gemstone sectors. A central pillar of the alliance is a shared commitment to upholding strict ethical and compliance standards, including guidelines set by the Responsible Jewellery Council (RJC) and the World Diamond Council’s (WDC) System of Warranties.

The partnership is expected to drive economic growth for both bourses while enhancing transparency and trade efficiency across the global supply chain.

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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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