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.
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.”
DiamondBuzz
De Beers Sale Nearing Final Stage: Al Cook
Potential Buyers Are Understood To Include A Consortium Comprising African Governments and Private-Sector Investors
The long-awaited sale of De Beers appears to be entering its final phase, with Chief Executive Officer Al Cook indicating that a transaction could be completed within weeks.
Cook said the divestiture process is “closer than it has ever been” and expressed confidence that a deal would be concluded sooner rather than later.
According to Cook, negotiations have been extensive and the process has now reached a critical stage. Potential buyers are understood to include a consortium comprising African governments and private-sector investors.
Botswana, which currently holds a 15 percent stake in De Beers, has shown interest in increasing its participation, alongside Angola and Namibia. Several commercially focused investment groups are also reportedly evaluating opportunities.
The sale comes as De Beers continues to grapple with challenging market conditions. Weak global demand for natural diamonds has prompted cost-cutting measures, including plans to reduce annual overheads by approximately $100 million. Parent company Anglo American has repeatedly written down the value of the diamond business amid declining sales and rising inventories.
According to Anglo American’s 2025 financial report released in February 2026, De Beers’ enterprise value has fallen to $2.3 billion, a sharp decline from $9.2 billion in 2023.
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