The Fancy Colour Research Foundation (FCRF) has reported a fifth consecutive quarterly decline in fancy colour diamond prices, with its Q2 2025 Fancy Colour Diamond Index falling by 0.5%. Despite the sustained downturn, the Foundation notes encouraging signs of market stabilisation.
Following a 0.3% dip in Q1 and a 1.1% fall in Q4 2024, the cumulative impact has led to the steepest annual decline since the index's inception in 2014—a 2.2% drop in 2024. However, analysts at the New York-based FCRF suggest the trend may be shifting, citing recovery in select segments, especially vivid pink and blue diamonds.
"Several sub-categories that experienced declines in recent quarters have now shown notable recoveries," the FCRF stated in its latest report. "While overall price appreciation remains modest, the market appears to be adjusting with caution and discipline."
A closer look at Q2 data shows:
• Pink diamonds (across all sizes and intensities) declined by 0.4%, slightly more than Q1’s 0.1%.
• Blue diamonds fell by 0.3%, improving from a 0.5% drop in the previous quarter.
• Yellow diamonds continued their decline, down 0.7%, mirroring the Q1 figure.
Among individual categories, the 1.5-carat Fancy Vivid Blue was the strongest performer, registering a 3.01% price increase, while the 3-carat Fancy Intense Yellow saw the sharpest drop, down 3.00%.
While global economic indicators across equity and commodity markets remain generally positive, the fancy colour diamond sector continues to show selectivity and restraint, according to FCRF.