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Fancy-Color Diamond Prices Stabilize in Q3 as Market Enters Consolidation Phase

The global fancy-color diamond market held firm in the third quarter of 2025, signaling resilience amid ongoing economic uncertainty, according to the Fancy Color Research Foundation (FCRF).

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The Fancy Color Diamond Index (FCDI), which tracks prices across all hues and intensities, remained flat compared to the previous quarter — marking a pause after two consecutive declines. The FCRF noted this trend as an indication that the market may be entering a “period of consolidation.”

Yellow fancy-color diamonds slipped 0.4%, while pinks edged up 0.1% and blues stayed unchanged. “The consistency observed this quarter is a constructive signal for the fancy-color diamond market,” said Harsh Maheshwari, Executive Director of Kunming Diamonds. “In times of economic uncertainty, price stability supports stronger decision-making for both buyers and sellers, fostering sustainable confidence.”

Among individual categories, 1-carat fancy pinks rose 2.24%, 1.5-carat fancy-intense pinks gained 1.55%, and 5-carat fancy-vivid pinks increased 1.53% — reflecting renewed demand for mid-sized vivid and intense pinks that had shown weakness earlier. However, 1.5-carat fancy pinks dropped 2.2%, and 8-carat fancy-vivid pinks declined 1.7%.

On a year-on-year basis, the overall fancy-color diamond index slipped 1.9% from Q3 2024. Yellow diamonds saw the steepest decline at 3.8%, followed by pinks and blues, each down 1.3%. Despite these marginal decreases, industry experts view the current stability as a positive sign of market balance returning after recent volatility.

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DiamondBuzz

Lucara Secures $50 Million Equity Boost for Karowe Underground Expansion

Lundin Family Trusts back CAD 70 million private placement to fund 2026 development plans

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Lucara Diamond Corp. has raised CAD 70 million (approximately $50.5 million) through a private placement of equity to support the advancement of its Karowe Underground Project (UGP) and strengthen its working capital position.

The company issued around 437.5 million shares at a price of CAD 0.16 per share, with the Lundin Family Trusts subscribing to the entire offering. The Lundin family controls Nemesia, Lucara’s largest shareholder, reinforcing its long-term commitment to the miner’s flagship Botswana operation.

Proceeds from the financing will be primarily used to progress the Karowe UGP, a key growth initiative aimed at extending the life and value of the mine, alongside general corporate and working capital requirements.

Commenting on the transaction, Lucara President and CEO William Lamb said the support from the Lundin Family Trusts highlights the strategic importance of the underground expansion. He added that the funding will position the company to accelerate critical project milestones planned for 2026.

The private placement is subject to customary regulatory approvals, including acceptance by the Toronto Stock Exchange, and does not require shareholder approval. Lucara expects the transaction to close by the end of the month.

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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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