diff --git a/plugins/woocommerce-blocks/package-lock.json b/plugins/woocommerce-blocks/package-lock.json
index bcf734f11f5..fd3d253b17a 100644
--- a/plugins/woocommerce-blocks/package-lock.json
+++ b/plugins/woocommerce-blocks/package-lock.json
@@ -5,9 +5,9 @@
 	"requires": true,
 	"dependencies": {
 		"@automattic/color-studio": {
-			"version": "2.3.1",
-			"resolved": "https://registry.npmjs.org/@automattic/color-studio/-/color-studio-2.3.1.tgz",
-			"integrity": "sha512-EukCyI4mJu7pMob/xLrply5LPVQQmpWD4y5JtTn/Vvni78Ax6654I82Ute/Yu9Buvj4MS3sIXasHlhECA7lSEQ==",
+			"version": "2.4.0",
+			"resolved": "https://registry.npmjs.org/@automattic/color-studio/-/color-studio-2.4.0.tgz",
+			"integrity": "sha512-xdiW5uBONTi3+R6Eee1PpsPxWQH9DGPpEu5NN0/uHd5DjL6EfBNAOI7qujz4eqz76bWoz2R/zRNNjCn91caWjw==",
 			"dev": true
 		},
 		"@babel/cli": {
diff --git a/plugins/woocommerce-blocks/package.json b/plugins/woocommerce-blocks/package.json
index dfb0793f12c..73e4d5bf3f9 100644
--- a/plugins/woocommerce-blocks/package.json
+++ b/plugins/woocommerce-blocks/package.json
@@ -65,7 +65,7 @@
 		"wp-env:config": "./bin/wp-env-pre-config.sh"
 	},
 	"devDependencies": {
-		"@automattic/color-studio": "2.3.1",
+		"@automattic/color-studio": "2.4.0",
 		"@babel/cli": "7.12.13",
 		"@babel/core": "7.12.13",
 		"@babel/plugin-proposal-class-properties": "7.12.13",