The diamond trade’s trusted bulletin for pricing, trends and news
Weekly since 1980
May 28, 2026
News:
Industry gearing up for Las Vegas shows. Positive expectations for higher-end Luxury and Antique Jewelry & Watch fairs. Diamond market awaiting JCK show for indications of US demand. Fewer overseas diamond exhibitors expected. Polished prices steady. Rough market quiet, with stable prices and low sales at De Beers’ May sight. ADPA member states call to make 4Cs grading and carat weights exclusive to natural diamonds. FY sales at Richemont jewelry maisons (including Cartier, Van Cleef) +8% to $19.3B amid price increases. Christie’s HK auction totals $74M. Rapaport announces rebrand, with RapNet to become Rapaport Trade. Register for the Rapaport JCK breakfast here.
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.
Country Comments
United States
Market preparing for Las Vegas exhibitions. Trading steady. High hopes for higher-end Luxury show amid solid spending by affluent consumers. Dealers expect good activity in 2 ct. and larger rounds and fancies at JCK. Antique Jewelry & Watch Show will likely reflect resurgence of vintage jewelry and interest in old mine and European cuts.
Belgium
Business steady ahead of Las Vegas shows. Antwerp companies with US branches likely to attend. 5 ct. and larger stable. Synthetics continue to dent 1 ct. category. Rough market quiet during De Beers sight week.
Israel
Low attendance expected among Israeli companies at Las Vegas shows due to market and security situation.
India
Buyers selective and price-sensitive, focusing on careful inventory management and basing demand on confirmed orders. Indian companies and their American subsidiaries to attend Las Vegas shows. Dealers watching for signs of US market health. Premium goods, especially 2 ct.-plus diamonds and elongated fancy shapes, outperforming commercial categories.
Hong Kong
Market trends steady, with 3 ct. and larger diamonds in collection qualities seeing the most demand. Rounds from 0.30 to 1 ct. popular for engagement rings on mainland. Solid diamond sales on China’s unofficial Valentine’s Day (May 20).
Market Comment
The diamond trade’s trusted bulletin for pricing, trends and news
Weekly since 1980
May 28, 2026
News:
Industry gearing up for Las Vegas shows. Positive expectations for higher-end Luxury and Antique Jewelry & Watch fairs. Diamond market awaiting JCK show for indications of US demand. Fewer overseas diamond exhibitors expected. Polished prices steady. Rough market quiet, with stable prices and low sales at De Beers’ May sight. ADPA member states call to make 4Cs grading and carat weights exclusive to natural diamonds. FY sales at Richemont jewelry maisons (including Cartier, Van Cleef) +8% to $19.3B amid price increases. Christie’s HK auction totals $74M. Rapaport announces rebrand, with RapNet to become Rapaport Trade. Register for the Rapaport JCK breakfast here.
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.
Country Comments
Market preparing for Las Vegas exhibitions. Trading steady. High hopes for higher-end Luxury show amid solid spending by affluent consumers. Dealers expect good activity in 2 ct. and larger rounds and fancies at JCK. Antique Jewelry & Watch Show will likely reflect resurgence of vintage jewelry and interest in old mine and European cuts.
Business steady ahead of Las Vegas shows. Antwerp companies with US branches likely to attend. 5 ct. and larger stable. Synthetics continue to dent 1 ct. category. Rough market quiet during De Beers sight week.
Low attendance expected among Israeli companies at Las Vegas shows due to market and security situation.
Buyers selective and price-sensitive, focusing on careful inventory management and basing demand on confirmed orders. Indian companies and their American subsidiaries to attend Las Vegas shows. Dealers watching for signs of US market health. Premium goods, especially 2 ct.-plus diamonds and elongated fancy shapes, outperforming commercial categories.
Market trends steady, with 3 ct. and larger diamonds in collection qualities seeing the most demand. Rounds from 0.30 to 1 ct. popular for engagement rings on mainland. Solid diamond sales on China’s unofficial Valentine’s Day (May 20).
Previous Market Comments
Market Comment: May 20, 2026
Market Comment: May 14, 2026
Market Comment: May 7, 2026
Market Comment: April 30, 2026
Market Comment: April 23, 2026
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Previous Market Comments
Market Comment: May 20, 2026
Market Comment: May 14, 2026
Market Comment: May 7, 2026
Market Comment: April 30, 2026
Market Comment: April 23, 2026
Market Comment: April 16, 2026