Market facing deep uncertainty about tariffs. Retailers passing costs on to consumers. Shopper confidence weak. India polished production steady but expected to decline over May summer vacation. Stable demand for round, 0.30 and 0.40 ct. D-F, IF-VVS diamonds. Antwerp and Israel quiet as dealers return from Easter and Passover breaks. Exhibitors preparing for June Las Vegas shows, with concerns that overseas companies will be absent. De Beers 1Q consolidated sales -44% YOY to $520M; miner predicts cautious demand at upcoming sights. IGI 1Q revenue +10% YOY to $36M, profit +12% to $16M. Bulgari expands Italy production facility. Luk Fook fiscal 4Q retail sales -2% YOY. Gold price breaks $3,500/oz.

Donald Trump’s policies are taking their toll on rough and polished trading and raising serious concerns about the future.

Roy Safit, CEO of the Fancy Color Research Foundation, explains the allure of pinks, blues and yellows, and how the organization creates its price index.

With high-quality goods getting harder to find and the US moving to charge hefty import fees, prices for colored stones are spiking.