DiamondBuzz

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.

Published

2 years ago

April 26, 2025

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

Rising Inventory Putting Fresh Pressure On Polished Diamond Prices

Indian Manufacturers Are Shuttering Factories For Up To A Month For Diwali, Dampening Rough Demand and Dragging Down De Beers’ October Sight Sales.

Published

8 hours ago

November 5, 2026

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Rising inventory is putting fresh pressure on polished diamond prices following a strong mid-year recovery. The Rapaport Spec Diamond Index (RAPI™) dropped across major smaller sizes in October—led by a 5.5% plunge in 0.30-carat stones and a 2.3% slide in 0.50-carat goods after late-September peaks.

Mid-sized 1-carat diamonds edged down 0.9%, while larger 3-carat stones bucked the trend with a modest 0.9% gain. Despite the retreat, 0.30-carat diamonds remain up 8.8% year-to-date.

Inventory Floods Small Sizes: Supply of 0.30-carat rounds surged 165% between June 1 and November 1, driven by ramped-up factory production and cutters sending smaller stones back for grading as prices recovered.

Rough Sales Slow Ahead of Diwali: Indian manufacturers are shuttering factories for up to a month for Diwali, dampening rough demand and dragging down De Beers’ October sight sales. Industry observers expect the holiday pause to help balance bloated inventories.

Luxury Brands Outshine the Trade: While upstream pricing softens, major luxury conglomerates continue to thrive. LVMH and Kering posted robust Q3 jewelry revenue, setting high expectations heading into the critical holiday shopping window.