The diamond trade’s trusted bulletin for pricing, trends and news
Weekly since 1980
November 6, 2025
News:
Sentiment mixed ahead of holiday season. US retail solid. India factories reopen after Diwali but still suffer from tariff impact. Small diamonds weak, larger stones steady: Oct. 0.30 ct. RAPI -4.4%, 0.50 ct. -2.8%, 1 ct. -1.7%, 3 ct. +0.3%. Fancies doing better than rounds. De Beers allows 100% refusals at Nov. sight, keeps prices stable. Secondary market slow. Alrosa Jan.-Sep. revenue -6% YOY to $1.9B, profit +27% to $441M after sale of Angola assets. Brilliant Earth 3Q sales +10% YOY to $110M; loss narrows 37% to $672K. US makes progress on trade deals with important Asian jewelry-manufacturing countries.
Fancies:
Long fancy shapes such as Oval, Marquise and Emerald doing better than rounds in 2 ct. and larger. High-quality Marquises, long Radiants and long Cushions in short supply. Marquises most expensive fancy shapes. 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. US Oval prices 5% to 10% higher than those of Pears. Very well-cut fancy shapes difficult to find and commanding premiums. Fancies with bad proportions illiquid.
Country Comments
United States
Consumer demand steady as peak season approaches. Round diamonds under 1.20 ct. weak. Steady orders for 1.70 ct. and larger. Elongated ovals and cushions moving well. Marquise shapes hot.
Belgium
Sentiment improving ahead of holidays. More optimism for European demand. Long fancies popular in 1 to 4 ct. collection goods.
Israel
Usual trends holding steady. Israeli dealers selecting goods in India and receiving them in US, as American market offers best chance for profit. Focus is on 1.70 ct. and larger in both rounds and fancies. Shortages forcing buyers to purchase stones with minor problems.
India
Trading slow after Diwali break. Domestic market providing some positivity. Gold-price increase impacted Diwali jewelry sales. Titan Company reports strong growth in July-to-September quarter.
Hong Kong
Local market recovering better than mainland. Steady orders for round, 2 to 3 ct., G-H, VVS-SI diamonds. Little demand for goods under 1 ct., with buyers only purchasing if price is low. High gold price attracting investors. China slow. Singles’ Day promotions beginning ahead of November 11 (11/11) shopping bonanza.
Market Comment
The diamond trade’s trusted bulletin for pricing, trends and news
Weekly since 1980
November 6, 2025
News:
Sentiment mixed ahead of holiday season. US retail solid. India factories reopen after Diwali but still suffer from tariff impact. Small diamonds weak, larger stones steady: Oct. 0.30 ct. RAPI -4.4%, 0.50 ct. -2.8%, 1 ct. -1.7%, 3 ct. +0.3%. Fancies doing better than rounds. De Beers allows 100% refusals at Nov. sight, keeps prices stable. Secondary market slow. Alrosa Jan.-Sep. revenue -6% YOY to $1.9B, profit +27% to $441M after sale of Angola assets. Brilliant Earth 3Q sales +10% YOY to $110M; loss narrows 37% to $672K. US makes progress on trade deals with important Asian jewelry-manufacturing countries.
Fancies:
Long fancy shapes such as Oval, Marquise and Emerald doing better than rounds in 2 ct. and larger. High-quality Marquises, long Radiants and long Cushions in short supply. Marquises most expensive fancy shapes. 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. US Oval prices 5% to 10% higher than those of Pears. Very well-cut fancy shapes difficult to find and commanding premiums. Fancies with bad proportions illiquid.
Country Comments
Consumer demand steady as peak season approaches. Round diamonds under 1.20 ct. weak. Steady orders for 1.70 ct. and larger. Elongated ovals and cushions moving well. Marquise shapes hot.
Sentiment improving ahead of holidays. More optimism for European demand. Long fancies popular in 1 to 4 ct. collection goods.
Usual trends holding steady. Israeli dealers selecting goods in India and receiving them in US, as American market offers best chance for profit. Focus is on 1.70 ct. and larger in both rounds and fancies. Shortages forcing buyers to purchase stones with minor problems.
Trading slow after Diwali break. Domestic market providing some positivity. Gold-price increase impacted Diwali jewelry sales. Titan Company reports strong growth in July-to-September quarter.
Local market recovering better than mainland. Steady orders for round, 2 to 3 ct., G-H, VVS-SI diamonds. Little demand for goods under 1 ct., with buyers only purchasing if price is low. High gold price attracting investors. China slow. Singles’ Day promotions beginning ahead of November 11 (11/11) shopping bonanza.
Previous Market Comments
Market Comment: June 18, 2026
Market Comment: June 11, 2026
Market Comment: June 4, 2026
Market Comment: May 28, 2026
Market Comment: May 20, 2026
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Previous Market Comments
Market Comment: June 18, 2026
Market Comment: June 11, 2026
Market Comment: June 4, 2026
Market Comment: May 28, 2026
Market Comment: May 20, 2026
Market Comment: May 14, 2026