The diamond trade’s trusted bulletin for pricing, trends and news
Weekly since 1980
September 24, 2026
News:
Hong Kong show ends to mixed demand for loose diamonds, with 2 ct. and larger the best items. Customers cautious about pricing and purchases. Few Chinese buyers present. Jewelry, gemstones and pearls attracted strong traffic. Consumer market stable. Rounds performing better, as manufacturers have increased output of fancy shapes. Prices steady amid balance of supply and demand. De Beers CEO Al Cook tells Chinese TV he’s “very confident” in diamond prices long-term. Wholesale trading in New York, Antwerp and Israel quiet over Jewish holiday season. Cautious sentiment at De Beers’ Sep. sight; some goods in short supply. Natural Diamond Council rebrands as The Diamond Collective.
Fancies:
Long fancy shapes such as Ovals, Marquises and Emeralds moving well 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. Reports of demand for Princesses after long period of weakness; prices remain low. 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.
Country Comments
United States:
Rounds outperforming fancies in New York trading. US retailers actively buying. Low supply of some categories making them hard to restock, leading dealers to pay firm prices.
Belgium:
Short week due to Yom Kippur on Monday. Sentiment positive as prices rebound and discounts improve. Many buyers still away for Indian holiday. Round, 2 ct. and larger diamonds moving well. Fancy shapes seeing strong orders, led by oval and pear. Traders feeling demand, even if unclear what’s driving it.
Israel:
Market quiet over Jewish festival period.
India:
Focus on Hong Kong show. Limited availability of rounds. Manufacturers’ shift to fancy shapes is supporting round prices. Excess inventory squeezing prices for dossiers in fancy shapes. Domestic demand improving across selected categories.
Hong Kong:
Show steady but cautious; buyers focused on price discovery rather than committing to deals. Natural diamonds performed better above 2 ct., especially well-cut stones and fancy shapes; fancy pinks drew solid interest, with yellows and blues needing competitive pricing to move. Synthetics continued putting pressure on naturals, especially smaller sizes. Traffic in diamond section lighter than pearls and synthetics. Dubai and US buyers most active, with Europeans mostly browsing; Chinese attendance limited.
Market Comment
The diamond trade’s trusted bulletin for pricing, trends and news
Weekly since 1980
September 24, 2026
News:
Hong Kong show ends to mixed demand for loose diamonds, with 2 ct. and larger the best items. Customers cautious about pricing and purchases. Few Chinese buyers present. Jewelry, gemstones and pearls attracted strong traffic. Consumer market stable. Rounds performing better, as manufacturers have increased output of fancy shapes. Prices steady amid balance of supply and demand. De Beers CEO Al Cook tells Chinese TV he’s “very confident” in diamond prices long-term. Wholesale trading in New York, Antwerp and Israel quiet over Jewish holiday season. Cautious sentiment at De Beers’ Sep. sight; some goods in short supply. Natural Diamond Council rebrands as The Diamond Collective.
Fancies:
Long fancy shapes such as Ovals, Marquises and Emeralds moving well 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. Reports of demand for Princesses after long period of weakness; prices remain low. 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.
Country Comments
Rounds outperforming fancies in New York trading. US retailers actively buying. Low supply of some categories making them hard to restock, leading dealers to pay firm prices.
Belgium:
Short week due to Yom Kippur on Monday. Sentiment positive as prices rebound and discounts improve. Many buyers still away for Indian holiday. Round, 2 ct. and larger diamonds moving well. Fancy shapes seeing strong orders, led by oval and pear. Traders feeling demand, even if unclear what’s driving it.
Israel:
Market quiet over Jewish festival period.
India:
Focus on Hong Kong show. Limited availability of rounds. Manufacturers’ shift to fancy shapes is supporting round prices. Excess inventory squeezing prices for dossiers in fancy shapes. Domestic demand improving across selected categories.
Hong Kong:
Show steady but cautious; buyers focused on price discovery rather than committing to deals. Natural diamonds performed better above 2 ct., especially well-cut stones and fancy shapes; fancy pinks drew solid interest, with yellows and blues needing competitive pricing to move. Synthetics continued putting pressure on naturals, especially smaller sizes. Traffic in diamond section lighter than pearls and synthetics. Dubai and US buyers most active, with Europeans mostly browsing; Chinese attendance limited.
Previous Market Comments
Market Comment: September 17, 2026
Market Comment: September 10, 2026
Market Comment: September 3, 2026
Market Comment: August 27, 2026
Market Comment: August 20, 2026
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Previous Market Comments
Market Comment: September 17, 2026
Market Comment: September 10, 2026
Market Comment: September 3, 2026
Market Comment: August 27, 2026
Market Comment: August 20, 2026
Market Comment: August 13, 2026