Market Comment

News:

Market and prices steady overall. Dossier prices continue to recover, especially round, 0.30 ct. collection goods following inventory drop. Demand patchy, with sales focusing on 2-carat and larger diamonds. Buyers only purchasing for specific orders. Marquises, radiants and antique shapes hot. US and India retail supporting industry. New York trade to shut for July vacation. June Hong Kong show reflects solid market for premium jewelry, gemstones, and 5 ct.+ diamonds. Hong Kong’s TSL returns to profit amid strategy shift, gold-price jump. New Basel jewelry and watch show to launch in Apr. 2027. Industry members unite on One of One Project to educate young consumers about 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. Antique cuts and styles hot. Solid US market for elongated Ovals of good shape and quality in D-I, VS-SI categories. Very well-cut fancy shapes difficult to find and commanding premiums. Fancies with bad proportions illiquid.