The diamond trade’s trusted bulletin for pricing, trends and news
Weekly since 1980
October 30, 2025
News:
Market trends stable. Rounds up to 1.19 ct. weak, with 2 ct. and larger steady. Long fancies above 1.70 ct. strong. US retailers doing solid business in 2 to 4 ct. rounds and long fancy shapes. De Beers to allow 100% refusals at Nov. 3-7 sight amid shaky market and uncertainty about company sale; Angola reportedly challenging Botswana for majority stake. De Beers 3Q consolidated rough sales more than triple YOY to $700M amid “stock rebalancing” and one extra sight. Petra Jul.-Sep. like-for-like rough prices -8% compared to Apr.-Jun. figures. India factories still closed after Diwali, expected to reopen next week. JVC, American Watch Association ask Supreme Court to strike down tariffs.
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
Retail jewelers seeing steady sales of 2 to 4 ct., F-J, VS-SI, 3X diamonds with no fluorescence in rounds and fancies. Long shapes in demand. Oversizes hot amid low supply. Synthetics taking market share from regular 1 ct. goods.
Belgium
Cautious optimism for holiday season. Demand for fancies solid, especially ovals, pears and marquises. Inventory hard to replace. Industry members attending CIBJO Congress in Paris.
Israel
Market situation stable. US orders steady, but few goods passing through Israel. Large fancies in short supply. Dossiers slow.
India
Trading gradually resuming after Diwali. Sentiment low. Surat factories expected to reopen next week.
Hong Kong
Little activity in market. Good bridal demand for elongated fancy shapes in 1 to 3 ct., F-G, VS1-VS2 categories. Orders slow for rounds under 0.80 ct. in K-L, VS2-SI2 ranges. Chinese retailers holding a lot of diamond inventory. Fancy pinks and blues moving. Gold-price rise dampening consumers’ interest in buying.
Market Comment
The diamond trade’s trusted bulletin for pricing, trends and news
Weekly since 1980
October 30, 2025
News:
Market trends stable. Rounds up to 1.19 ct. weak, with 2 ct. and larger steady. Long fancies above 1.70 ct. strong. US retailers doing solid business in 2 to 4 ct. rounds and long fancy shapes. De Beers to allow 100% refusals at Nov. 3-7 sight amid shaky market and uncertainty about company sale; Angola reportedly challenging Botswana for majority stake. De Beers 3Q consolidated rough sales more than triple YOY to $700M amid “stock rebalancing” and one extra sight. Petra Jul.-Sep. like-for-like rough prices -8% compared to Apr.-Jun. figures. India factories still closed after Diwali, expected to reopen next week. JVC, American Watch Association ask Supreme Court to strike down tariffs.
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
Retail jewelers seeing steady sales of 2 to 4 ct., F-J, VS-SI, 3X diamonds with no fluorescence in rounds and fancies. Long shapes in demand. Oversizes hot amid low supply. Synthetics taking market share from regular 1 ct. goods.
Cautious optimism for holiday season. Demand for fancies solid, especially ovals, pears and marquises. Inventory hard to replace. Industry members attending CIBJO Congress in Paris.
Market situation stable. US orders steady, but few goods passing through Israel. Large fancies in short supply. Dossiers slow.
Trading gradually resuming after Diwali. Sentiment low. Surat factories expected to reopen next week.
Little activity in market. Good bridal demand for elongated fancy shapes in 1 to 3 ct., F-G, VS1-VS2 categories. Orders slow for rounds under 0.80 ct. in K-L, VS2-SI2 ranges. Chinese retailers holding a lot of diamond inventory. Fancy pinks and blues moving. Gold-price rise dampening consumers’ interest in buying.
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