Fancy colour diamond prices dipped in the second quarter of 2025, but latest data suggests the market could be regaining its footing, the Fancy Color Research Foundation (FCRF) said.

The latest Fancy Color Diamond Index (FCDI) revealed that prices softened for a second consecutive quarter, but the figures also pointed to early signs of stabilisation, with several sub-categories recovering, particularly among vivid pink and blue diamonds.

Several sizes and intensities showed price reversals and upward movements, especially in the high-saturation segment, stated FCRF.

“This stabilisation across many sub-segments could mark the groundwork for a rebound around September, particularly if inventory constraints due to the low availability of new rough on the market and consumer confidence begin to shift in the second half of the year,” it added.

Overall FCDI reflected a 0.5 per cent decline in Q2 2025 compared to a 0.3 per cent dip in the previous quarter as the market typically slows down ahead of summer. 

The index decreased by 2.4 per cent over the trailing 12 months, but there were promising signs of recovery. Fancy vivid pinks and blues in specific sizes, for instance, were the quarter’s top gainers, suggesting targeted demand remains intact for rare, high-saturation stones.

Pink diamond prices fell 0.4 per cent in Q2 compared to a 0.1 per cent dip in Q1. Over the past 12 months, prices declined by 1.4 per cent. Notably, the 1.5-carat fancy intense pink rose 1 per cent, a turnaround from a 1.8 per cent decline in the quarter before, suggesting renewed demand in the mid-range segment. 

The blue diamond segment, meanwhile, was down 0.3 per cent in Q2 compared to a 0.5 per cent drop in Q1. Multiple sub-categories were either unchanged or slightly higher. The 1.5-carat fancy vivid blue, for example, was up 1.4 per cent.

Vishal Shah, managing director at Stargems, stated, “Following a period of caution in the first half of the year, we are now seeing some consistent interest across the high-end colour diamond segment. Our clients – especially in Asia and the Middle East – are showing renewed appetite for vivid stones with strong provenance. With summer now underway, the market feels stable and selectively active, setting the stage for a stronger close for the year.”

                                                                                     Source: FCRF