{"id":7836,"date":"2025-05-04T12:48:54","date_gmt":"2025-05-04T12:48:54","guid":{"rendered":"https:\/\/uwscinm1cs.wpdns.site\/?post_type=newsletter&p=7836"},"modified":"2026-06-02T14:25:40","modified_gmt":"2026-06-02T14:25:40","slug":"the-diamond-pulse-may-2025","status":"publish","type":"newsletter","link":"https:\/\/rapaport.com\/trade\/newsletters\/the-diamond-pulse-may-2025\/","title":{"rendered":"The Diamond Pulse – May 2025"},"content":{"rendered":"\n

THE MONTHLY ‘RAP’
Trump and Tariffs, and 158 Carats: The Diamond Industry Reacts<\/h3>\n\n\n\n

During the initial period after US President Donald Trump\u2019s announcement that he would hike tariffs on all countries<\/a>, Petra Diamonds postponed its Cullinan tender<\/a>, while Signet informed suppliers it would accept only pre-tariff agreed-upon pricing<\/a>. The Israel Diamond Exchange (IDE) withdrew from the World Federation of Diamond Bourses (WFDB)<\/a> amid ongoing disputes over tariffs and other issues, and the Gemological Institute of American (GIA) announced it would no longer accept overseas items requiring shipment to the US<\/a>, instead expanding its international lab services. Meanwhile, the European Union confirmed it would not impose tariffs on US diamond imports<\/a>, offering some relief to transatlantic trade. All that before Trump paused reciprocal levies for a 90-day period to negotiate with other countries, while at the same time jacking up tax on China to 145%.<\/a>  <\/p>\n\n\n\n

The month also proved a mixed bag for diamonds. India\u2019s polished-diamond exports fell to a two-decade low<\/a>, and Luk Fook indicated a retreat from diamond retail<\/a>. Still, there were signs of resilience \u2014 De Beers committed to decade-high spending on natural-diamond marketing<\/a>, the Lulo mine reported an increase in rough reserves<\/a> and a survey showed average engagement ring spend in the US growing<\/a>. Auction houses also drew global attention with colored diamonds as Christie\u2019s listed its Golconda Blue with a $50 million price tag<\/a> \u2014 and later withdrew the piece from sale<\/a> \u2014 while Sotheby\u2019s is offering a 10-carat blue diamond dealers expect to fetch up to $30 million<\/a>. Big yellows also made headlines, including a 53-carat, fancy-vivid-yellow at Phillips Geneva<\/a> and Rio Tinto\u2019s discovery of a 158-carat rough in Canada.<\/a> <\/p>\n\n\n\n

\"Get<\/a><\/figure>\n\n\n\n
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Here’s your diamond market analysis from Rapaport Trade for April 2025<\/h3>\n\n\n\n

In April, diamond prices initially rose following the tariff announcement but later stabilized after a ninety-day postponement was declared. Prices for goods within the United States remained relatively high, partially reflecting the anticipated tariff costs.<\/p>\n\n\n\n

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<<Click here>> <\/a>to join the industry’s largest and most trusted 
diamond, gem and jewelry trading network.<\/strong><\/p>\n","protected":false},"featured_media":17519,"template":"","meta":{"_acf_changed":false,"_angie_page":false,"inline_featured_image":false},"class_list":["post-7836","newsletter","type-newsletter","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/rapaport.com\/trade\/wp-json\/wp\/v2\/newsletter\/7836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rapaport.com\/trade\/wp-json\/wp\/v2\/newsletter"}],"about":[{"href":"https:\/\/rapaport.com\/trade\/wp-json\/wp\/v2\/types\/newsletter"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rapaport.com\/trade\/wp-json\/wp\/v2\/media\/17519"}],"wp:attachment":[{"href":"https:\/\/rapaport.com\/trade\/wp-json\/wp\/v2\/media?parent=7836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}