Note: The Rapaport Price List reflects New York high cash asking prices. The diamond market has bifurcated in many ways, including because of tariffs, with a growing gap between US and Indian prices. News: Market split continues, with larger goods performing better than smaller goods, and fancies doing better than rounds. EU-India trade deal: EU removes tariffs on Indian jewelry, India reduces duties on European polished diamonds from 5.5% to 2.5%. LVMH 2025 jewelry and watch sales -1% to $12.6B, profit -2% to $1.8B. Angola 2025 polished exports +107% to $110M, volume +127% to 23,300 cts. Gemstone market in good shape ahead of Tucson fairs. Gold price breaches $5,500/oz.
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