The diamond trade’s trusted bulletin for pricing, trends and news
Weekly since 1980
July 30, 2026
News:
$1B reported De Beers price tag reflects industry’s multiyear downturn. De Beers trims 1H underlying loss to $188M amid cost controls. Sentiment improving in India, stable in US, as supply tightens. US tariffs on Indian goods stay at 10%; Belgium, Botswana and Namibia secure 0% rate. No clear impact on prices or inventory. Round prices under 1 ct. improving, 1 ct. mixed. Demand for 2 ct. and larger steady, with rough hard to find and going to a small number of companies. LVMH (Tiffany, Bulgari) and Kering (Boucheron, Pomellato) report strong jewelry sales in US and Asia. Big stones boost Gem Diamonds: 1H sales +33% YOY to $59.5M, average price +38% to $1,395/ct.
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. 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:
Market steady and mood positive. Difficult to replenish quality inventory. Low-color diamonds attracting buyers. Industry expecting business to pick up toward end of August as retail jewelers seek natural diamonds following summer break.
Belgium:
Market quiet during summer holidays. Industry watching closely as 0% US tariff rate could position Antwerp as a more competitive manufacturing hub for large diamonds.
Israel:
Market quiet during summer holidays. Industry under pressure from tariff disadvantage as US imposes 12.5% duty, with some calling for government support. Nissim Zuaretz resigns as Israel Diamond Exchange (IDE) president.
India:
Sentiment positive ahead of IIJS show in Mumbai (August 5 to 10). Prices firm and inventory tight, with buyers struggling to source desired goods. Round, 0.30 to 0.69 ct. diamonds seeing solid recovery. Round, 2 ct. and larger diamonds performing well; 2.50 ct., G-K, VS-SI in good demand. Ovals improving. Pears performing well; long radiants and cushions moving steadily in 2 ct. and larger, F-I, VS-SI qualities. Trade expecting good Diwali season for domestic jewelry market.
Hong Kong:
3 ct. and larger, D-F, IF-VS2 diamonds supporting market. Long fancies outperforming rounds in 2 ct. and larger. More businesses shifting focus from smaller stones to larger, certified goods. Goods under 1 ct. slow. Chinese wholesale market quiet but better than the same period last year, with demand concentrated in round, 1 to 2 ct., GIA-graded goods.
Market Comment
The diamond trade’s trusted bulletin for pricing, trends and news
Weekly since 1980
July 30, 2026
News:
$1B reported De Beers price tag reflects industry’s multiyear downturn. De Beers trims 1H underlying loss to $188M amid cost controls. Sentiment improving in India, stable in US, as supply tightens. US tariffs on Indian goods stay at 10%; Belgium, Botswana and Namibia secure 0% rate. No clear impact on prices or inventory. Round prices under 1 ct. improving, 1 ct. mixed. Demand for 2 ct. and larger steady, with rough hard to find and going to a small number of companies. LVMH (Tiffany, Bulgari) and Kering (Boucheron, Pomellato) report strong jewelry sales in US and Asia. Big stones boost Gem Diamonds: 1H sales +33% YOY to $59.5M, average price +38% to $1,395/ct.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. 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
Market steady and mood positive. Difficult to replenish quality inventory. Low-color diamonds attracting buyers. Industry expecting business to pick up toward end of August as retail jewelers seek natural diamonds following summer break.
Belgium:
Market quiet during summer holidays. Industry watching closely as 0% US tariff rate could position Antwerp as a more competitive manufacturing hub for large diamonds.
Israel:
Market quiet during summer holidays. Industry under pressure from tariff disadvantage as US imposes 12.5% duty, with some calling for government support. Nissim Zuaretz resigns as Israel Diamond Exchange (IDE) president.
India:
Sentiment positive ahead of IIJS show in Mumbai (August 5 to 10). Prices firm and inventory tight, with buyers struggling to source desired goods. Round, 0.30 to 0.69 ct. diamonds seeing solid recovery. Round, 2 ct. and larger diamonds performing well; 2.50 ct., G-K, VS-SI in good demand. Ovals improving. Pears performing well; long radiants and cushions moving steadily in 2 ct. and larger, F-I, VS-SI qualities. Trade expecting good Diwali season for domestic jewelry market.
Hong Kong:
3 ct. and larger, D-F, IF-VS2 diamonds supporting market. Long fancies outperforming rounds in 2 ct. and larger. More businesses shifting focus from smaller stones to larger, certified goods. Goods under 1 ct. slow. Chinese wholesale market quiet but better than the same period last year, with demand concentrated in round, 1 to 2 ct., GIA-graded goods.
Previous Market Comments
Market Comment: September 3, 2026
Market Comment: August 27, 2026
Market Comment: August 20, 2026
Market Comment: August 13, 2026
Market Comment: August 6, 2026
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Previous Market Comments
Market Comment: September 3, 2026
Market Comment: August 27, 2026
Market Comment: August 20, 2026
Market Comment: August 13, 2026
Market Comment: August 6, 2026
Market Comment: July 30, 2026