Rapaport Research Report: A Recovery in the Diamond Industry?

The February issue of the Rapaport Research Report asks whether the global diamond industry is on track for a rebound in 2026 following three years of decline.

Indian polished manufacturers started the year with a degree of optimism in light of large miners’ production cuts and inventory reductions during 2025. The US-India trade deal in February boosted this sentiment. However, the sector must keep supply discipline to ensure a recovery happens, since efforts to promote demand will likely take years to pay off, the report says.

The diamond market has already downsized in response to lower sales and will continue to do so, the report explains. It also assesses the unusual dynamic resulting from lower output at De Beers and Alrosa alongside increases at Angola’s mines.

As always, the report includes exclusive RapNet data for 0.30-, 0.50-, 1- and 3-carat natural diamonds, including average prices, discounts, inventory by country, and search volume. In addition, it presents the volume of goods moving onto and off the RapNet platform, and the average time it takes them to do so.

It also contains a new section analyzing aspects of the exclusive RapNet data. This month, the focus is on the challenging market for 0.30-carat diamonds, deriving insights from the quantity and price of goods that left RapNet during the recent holiday season.

Subscribers can access the full edition of the Rapaport Research Report here.

Not yet subscribed? Click here to get the latest edition, featuring RapNet data as well as detailed analysis of diamond-price movement and supply and demand trends.

Image: David Polak.