Market Comment

News:

Market trends stable. Large and high-quality diamonds performing well. 7 to 9.99 ct. diamonds strong. 10 ct. and larger moving, especially in D-flawless. Round, 0.30 to 0.89 ct. stabilizing. Mumbai’s Bharat Diamond Bourse predicts market recovery following temporary Iran ceasefire. Rough dealers expect small De Beers sight next week (Apr. 27-30) as manufacturers defer purchases. Indian factories preparing to close for May summer holidays. Angola 2025 rough production +8% to 15.2M cts. Israel quiet over Memorial Day and Independence Day. NRF predicts $7.5B in jewelry sales this Mother’s Day (May 10). Rapaport announces it will exclusively support natural diamonds.

Fancies:

Long fancy shapes such as Ovals, Marquises and Emeralds doing better than rounds in 2 ct. and larger. High-quality Marquises, long Radiants and long Cushions in short supply. Marquise most expensive fancy shape. Long Cushions easy to sell and trading at 20% to 25% premium over square ones. Solid US market for elongated Ovals of good shape and quality in D-I, VS-SI categories. Princess cuts weak. Very well-cut fancy shapes difficult to find and commanding premiums. Fancies with bad proportions illiquid.