In [131]: A = np.random.randint(0,255,(512,512,3)) # 512x512 colored image

In [132]: def org_app(A):
     ...:     out = np.zeros(A.shape)     
     ...:     for i in range(A.shape[0]):
     ...:         for j in range(A.shape[1]):
     ...:             out[i,j] = chromaticity(A[i,j])
     ...:     return out
     ...: 

In [133]: %timeit org_app(A)
1 loop, best of 3: 5.99 s per loop

In [134]: %timeit np.apply_along_axis(chromaticity, 2, A) #@hpaulj's soln
1 loop, best of 3: 9.68 s per loop

In [135]: %timeit np.log(A/np.power(np.sum(A,2,keepdims=True),1/3))
10 loops, best of 3: 90.8 ms per loop