Market sentiment positive. Dealers looking for goods after Las Vegas shows raise expectations for holiday season. Some uncertainty over US labor shortage and inflation that may disrupt upbeat consumer confidence. Manufacturers concerned about supply scarcities ahead of peak trading period. De Beers sees robust demand at $515M Aug. sight. Christie’s to auction pair of Marie Antoinette diamond bracelets at Nov. Geneva sale. Natural Diamond Council launches 4Q marketing campaign with actress Ana de Armas. Best wishes to all for a happy, healthy, prosperous and peaceful Jewish New Year. THE RAPAPORT PRICE LIST WILL NOT BE PUBLISHED ON SEPTEMBER 17 DUE TO THE YOM KIPPUR HOLIDAY.
Fancies: Market robust. Prices firming across most sizes and categories amid shortages and growing fancy demand. Retailers offering wider product ranges as consumers seek alternative shapes. Dealers seeing increased sales of fancy-shape engagement rings. Rise in orders for Ovals, Pears, Emeralds, Princesses, long Radiants and Marquises. Ovals and Cushions closing price gap with Rounds. Oversizes trading at higher prices than usual. Excellent cuts popular and commanding premiums. Steady orders in China helping the market. Off-make, poorly cut fancies illiquid and difficult to sell.
The country market comments will return on September 23.
Rapaport Weekly Market Comment
The Bottom Line
- Dealers report increased demand and firming prices for fancy-shape diamonds amid supply shortages and growing consumer interest.
- Manufacturers express concerns about supply scarcities impacting the peak trading period despite robust demand, including a $515 million sight from De Beers in August.
- Natural Diamond Council launches a fourth-quarter marketing campaign featuring Ana de Armas, while Christie’s plans to auction Marie Antoinette diamond bracelets in November.
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