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RAPAPORT ® TRADEWIRE ®
November 13, 2025
Rapaport Market Comment - November 13, 2025

US prices seeing more positive trend than Indian prices. Market stable overall as American retail demand remains steady. Split between sizes continues, with 2 ct. and larger diamonds performing better than 1.20 ct. and smaller. President Donald Trump says he expects to reduce India tariffs. National Retail Federation reports Oct. consumer sales +5% YOY, predicts record $1T spending this holiday season. Botswana pushes ahead with plan to acquire majority De Beers stake amid competition from Angola. Christie’s Geneva Magnificent Jewels garners $76M (95% sell-through by value, 94% by lot) as modified pear brilliant, 9.51 ct., fancy-vivid-blue, VVS1 Mellon Blue diamond fetches $25.6M ($2.7M/ct.).

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RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct -1.25% -4.03% -6.77%
0.50 ct -1.40% -3.33% -17.31%
1.00 ct -0.69% -2.01% -6.61%
3.00 ct 1.13% 1.48% 0.33%
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Market Reports
United States: Market positive ahead of holiday season…
United States: Market positive ahead of holiday season…
Belgium: October polished exports up 1% year on year at $525 million…
Belgium: October polished exports up 1% year on year at $525 million…
Israel: Suppliers traveling to India in search of goods ahead of holiday season, aiming to take delivery and sell in US…
Israel: Suppliers traveling to India in search of goods ahead of holiday season, aiming to take delivery and sell in US…
India: Domestic market steady…
India: Domestic market steady…
Hong Kong: Chinese tourists in Hong Kong buying gold, not diamonds…
Hong Kong: Chinese tourists in Hong Kong buying gold, not diamonds…
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GEMTalks: Secrets of Deep Diamonds

GIA’s Dr. Evan Smith will explain what’s special about stones from 300 kilometers or more below the earth’s surface.

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Podcast: Why the Market Shuns Fluorescent Diamonds

Thomas Hainschwang talks gemology with Rapaport’s Joshua Freedman.

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9.51-carat stone fetched around 20% more in 2014.
Mellon Blue Diamond Sells for $25.6M at Christie’s
9.51-carat stone fetched around 20% more in 2014.
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137.27-carat yellow is in Canadian bank vault, says The New York Times.
Florentine Diamond Resurfaces After 100 Years – Report
137.27-carat yellow is in Canadian bank vault, says The New York Times.
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Retailer remains focused on natural.
India Is Most Promising Market for Lab-Grown Diamonds – Titan
Retailer remains focused on natural.
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Spending up 0.6% month on month and 5% year on year.
US Retail Sales Rebound in October
Spending up 0.6% month on month and 5% year on year.
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Spending will increase between 3.7% and 4.2% year on year, NRF says.
US Holiday Sales Likely to Top $1T
Spending will increase between 3.7% and 4.2% year on year, NRF says.
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Miner cites weak sales and depreciation of Canadian dollar as deficit almost triples.
Mountain Province CEO Resigns, Loss Widens
Miner cites weak sales and depreciation of Canadian dollar as deficit almost triples.
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GJEPC chairman Kirit Bhansali presents policy recommendations in meeting with prime minister.
India’s Jewelry Trade Calls for Reforms to Boost Sector
GJEPC chairman Kirit Bhansali presents policy recommendations in meeting with prime minister.
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The Vanderbilt sapphire more than doubles its high estimate at $3.6 million.
Phillips Geneva Auction Rakes In $17M
The Vanderbilt sapphire more than doubles its high estimate at $3.6 million.
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Kindred Lubeck, founder of jewelry brand Artifex, makes auction debut.
Designer of Taylor Swift Ring to Collaborate with Sotheby’s
Kindred Lubeck, founder of jewelry brand Artifex, makes auction debut.
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Sale features 52 lots, including Argyle pink, red and violet stones.
Rio Tinto Holds Final Rare-Diamond Tender
Sale features 52 lots, including Argyle pink, red and violet stones.
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Formula 1 driver Charles Leclerc proposes to fashion icon Alexandra Saint Mleux with a sparkler estimated at 5 to 6 carats.
Another Celebrity Gifts an Oval-Shaped Diamond
Formula 1 driver Charles Leclerc proposes to fashion icon Alexandra Saint Mleux with a sparkler estimated at 5 to 6 carats.
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Jeffrey Bennett will report to the global CEO.
IGI Names New President for US Business
Jeffrey Bennett will report to the global CEO.
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