Courtesy Image: Fancy color diamonds. (Fancy Color Research Foundation)
White Diamond are crashing in price but fancy colored diamonds are holding up. These rcolored diamonds are more resistant to downside price action because they are so rare. In essence, they are the pinnacle of the diamond world. White diamonds have always been abundant. Many believe DeBeers artificially held up the prices for decades before the boom in lab created diamonds became socially acceptable to own and wear.
To check out the colored diamond market from the Fancy Color Research Foundation (FCRF), click below the article from Rapaport: