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The phrase "a big dive" is correct and usable in written English.
It can be used to describe a significant decrease or drop in something, such as prices, performance, or interest.
Example: "The stock market took a big dive after the announcement of the new economic policies."
Alternatives: "a significant drop" or "a major decline."
Exact(8)
When a driving economic force takes a big dive, the ripples are far-reaching.
On a flight from Stockholm to Dublin, the plane took a big dive right in the middle of the flight.
Would you insist upon the state university where you live — and nothing else more expensive — if your aggressive portfolio took a big dive?
After a two-year hiatus, Rainbow Divers (divevietnam.com), a big dive operator, reopens its Con Dao office in November; dives from $90.
(Its stock price took a big dive after the earnings report due to a disappointing outlook and guidance).
It has been steadily lagging for months now, and took a big dive this week after the company announced particularly lackluster quarterly results.
Similar(52)
In the picture, Murphy wore a big diving mask.
NBC could be taking a bigger dive into the streaming waters in the next couple of months.
"After five rounds we were within 10 points of the bronze medal position so to finish on our big dive put a lot of pressure on us, but it's one of those things that can happen in competitions and we're not too far away from the medals," Robinson-Baker told BBC Sport.
The model was Mr. Hintnaus, who took a big swan dive into a pool as the finale of the River Oaks International Tennis Tournament and Tootsies fashion show.
Then Cassandro took a big, twisting dive off the second rope, and was expertly caught by Magno; everyone did his best version of it.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com