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Market Comment: January 29, 2026

Market split continues, with larger goods performing better than smaller goods, and fancies doing better than rounds.
(left to right): António Costa, president of the European Council; Narendra Modi, prime minister of India; and Ursula von der Leyen, president of the European Commission, at a summit in New Delhi, India, this week image

EU to Abolish Tariffs on Jewelry Imports from India

New deal removes duties of 2% to 4% on finished goods.
Luxury watches in a showcase at a Wempe shop on Fifth Avenue, New York image

US Rebound Drives Swiss Watch Exports

Shipments up 3.3% in December following four consecutive months of decline.
Jewelry grading at International Gemological Institute image

IGI Revenue Improves Amid Lab-Grown Demand

Sales up 21% year on year in fourth quarter.
Fancy-colored diamonds by Fancy Color Research Foundation image

Fancy-Color Price Index Dips Slightly in 2025

Yellows down 1.9%, while pinks and blues record a 0.7% decrease.
Podcast with AGTA’s John Ford and Bruce Bridges

Podcast: Lobbying Washington on Tariffs

AGTA’s John Ford and Bruce Bridges share updates and insights.
A Bulgari store in Milan, Italy image

LVMH’s Jewelry Sales See Moderate Slip

Full-year revenue for segment down 1%.
Polished diamonds image

EU’s Trade Deal with India Includes Tax Cut on Polished Imports

Duty on Antwerp-manufactured stones will drop to 2.5% from 5.5%.
People shopping at a mall in San Jose, California image

US Retail Growth to Be Slower Than Last Year, Bain Predicts

Forecast of 3.5% is lower than the previous 4% estimate.
A Michael Hill store in Melbourne, Australia image

Michael Hill Sees Improvement in Revenue

Group sales up 3.1% year on year in first fiscal half.

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