The diamond trade’s trusted bulletin for pricing, trends and news
Weekly since 1980
January 9, 2025
News: Market opening gradually after vacation. Many retailers still on vacation. Wholesalers expected to continue selective buying in 1Q. India trade slow amid sluggish overseas orders. D-F, IF-VVS diamonds improving. Melee weakening. IIJS Signature show in Mumbai positive for gold and jewelry, mixed for loose diamonds. Titan fiscal 3Q jewelry sales +26% YOY amid strong Diwali demand, with studded jewelry +21%. De Beers and India’s GJEPC partner to promote natural diamonds. Chinese retailers focusing on selling inventory over Lunar New Year festive season. Both women and men flaunt natural diamonds at Golden Globes.
Fancies: Fancy-shape prices stable. Prices firm for 3 ct. and larger, as nice items are hard to find. Good US demand and price increases for elongated Ovals in D-I, VS-SI categories with good shape and quality. Ovals 5% to 10% more expensive than Pears in US market. Elongated Emeralds, Radiants and Pears in demand, with stable prices. 2.50 to 2.99 ct. trading at significant premiums in those shapes. Supply shortages supporting prices for Marquises. Square Cushions slow. Very well-cut fancy shapes difficult to find and commanding premiums. Off-make, poorly cut fancies illiquid.
Country Comments
United States
Trade reflecting on moderate year for jewelry retail. Wholesale market had mixed holiday season. US dealers feeling more confident than Indian manufacturers, as the former can buy selectively on demand. Steady orders for oversizes (1.70 ct., 2.50 ct.) as consumers seek bigger looks for lower prices.
Belgium
Many dealers and their customers still on break. Sentiment low amid deep trading discounts. Many traders dissatisfied with sales volumes.
Israel
Market quiet, as overseas buyers are slow to return from vacation.
India
IIJS Signature show signals robust domestic demand. Event focused more on gold and jewelry than on loose diamonds. US orders seasonally slow. China weak. Polished production remains low amid uncertainty about market direction. Melee not as strong as before.
Hong Kong
Some dealers extending New Year break amid slow trading. Sales and supply are at reduced levels. Industry sentiment low. Retail picking up ahead of Lunar New Year, but focus is on clearing inventories. Chinese jewelry manufacturers preparing for long holiday vacation.
Market Comment
The diamond trade’s trusted bulletin for pricing, trends and news
Weekly since 1980
January 9, 2025
News: Market opening gradually after vacation. Many retailers still on vacation. Wholesalers expected to continue selective buying in 1Q. India trade slow amid sluggish overseas orders. D-F, IF-VVS diamonds improving. Melee weakening. IIJS Signature show in Mumbai positive for gold and jewelry, mixed for loose diamonds. Titan fiscal 3Q jewelry sales +26% YOY amid strong Diwali demand, with studded jewelry +21%. De Beers and India’s GJEPC partner to promote natural diamonds. Chinese retailers focusing on selling inventory over Lunar New Year festive season. Both women and men flaunt natural diamonds at Golden Globes.
Fancies: Fancy-shape prices stable. Prices firm for 3 ct. and larger, as nice items are hard to find. Good US demand and price increases for elongated Ovals in D-I, VS-SI categories with good shape and quality. Ovals 5% to 10% more expensive than Pears in US market. Elongated Emeralds, Radiants and Pears in demand, with stable prices. 2.50 to 2.99 ct. trading at significant premiums in those shapes. Supply shortages supporting prices for Marquises. Square Cushions slow. Very well-cut fancy shapes difficult to find and commanding premiums. Off-make, poorly cut fancies illiquid.
Country Comments
Trade reflecting on moderate year for jewelry retail. Wholesale market had mixed holiday season. US dealers feeling more confident than Indian manufacturers, as the former can buy selectively on demand. Steady orders for oversizes (1.70 ct., 2.50 ct.) as consumers seek bigger looks for lower prices.
Many dealers and their customers still on break. Sentiment low amid deep trading discounts. Many traders dissatisfied with sales volumes.
Market quiet, as overseas buyers are slow to return from vacation.
IIJS Signature show signals robust domestic demand. Event focused more on gold and jewelry than on loose diamonds. US orders seasonally slow. China weak. Polished production remains low amid uncertainty about market direction. Melee not as strong as before.
Some dealers extending New Year break amid slow trading. Sales and supply are at reduced levels. Industry sentiment low. Retail picking up ahead of Lunar New Year, but focus is on clearing inventories. Chinese jewelry manufacturers preparing for long holiday vacation.
Previous Market Comments
Market Comment: June 26, 2025
Market Comment: June 19, 2025
Market Comment: June 12, 2025
Market Comment: June 5, 2025
Market Comment: May 29, 2025
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Previous Market Comments
Market Comment: June 26, 2025
Market Comment: June 19, 2025
Market Comment: June 12, 2025
Market Comment: June 5, 2025
Market Comment: May 29, 2025
Market Comment: May 22, 2025