DiamondBuzz
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).
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.
DiamondBuzz
Botswana Looks Beyond Rough Diamond Sales, Eyes U.S. Jewelry Market
The Duty Exemption By US Presents An Opportunity For Domestic Jewelry Manufacturers In Gaborone To Bypass Traditional Middle-Market Hubs and Establish A Direct Pipeline To American Consumers
Grappling with a painful downturn in global rough-diamond demand, Botswana is pivoting its economic strategy: expanding up the supply chain directly into American retail shelves while leveraging its resource wealth to fund conservation and diversification.
Speaking on the sidelines of New York Climate Week, Bogolo Joy Kenewendo, Botswana’s Minister of Minerals and Energy, highlighted the southern African nation’s plan to capitalize on a 0% import-tariff rate to the U.S. market. The duty exemption presents an opportunity for domestic jewelry manufacturers in Gaborone to bypass traditional middle-market hubs and establish a direct pipeline to American consumers.
shift The push into value-added manufacturing comes as the world’s top diamond producer by value navigates a broader structural Diamond revenues have long formed the bedrock of Botswana’s post-independence balance sheet, underwriting universal secondary education and tuition-free university funding. However, recent market volatility has underscored the vulnerabilities of a mono-sectoral economy.
Under the Botswana Economic Transformation Programme (BETP)—an initiative spearheaded directly by President Duma Boko and his vice president—the government is directing resources toward manufacturing, agriculture, and broader mining sectors to reduce its heavy reliance on rough diamond sales.
To support its luxury exports, Botswana is recalibrating its brand narrative around origin, environmental stewardship, and social impact. The country recently announced a five-year extension of the “Okavango Eternal” partnership alongside De Beers Group and the National Geographic Society. The initiative aims to protect the ecological integrity of the Okavango River Basin while tying diamond purchases to conservation efforts.
With De Beers currently facing an impending ownership change, officials remain optimistic that any capital restructuring could bring additional funds into Botswana to accelerate its domestic economic transition.
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