X-ray parametric down-conversion, one of the most fundamental nonlinear optical processes, is investigated quantitatively based on precision measurements. It is found that the nonlinear process is observed indirectly though a quantum mechanical interference known as the Fano effect. The second order nonlinear susceptibility is, for the first time, estimated for wide idler energies between vacuum ultraviolet and soft x-rays. The experimental results presented here give a firm basis to explore the frontier of x-ray nonlinear optics, which will be fully accessible with the forthcoming x-ray free-electron lasers.