{"id":8908,"date":"2025-08-06T12:59:50","date_gmt":"2025-08-06T12:59:50","guid":{"rendered":"https:\/\/uwscinm1cs.wpdns.site\/?post_type=newsletter&p=8908"},"modified":"2025-09-25T12:06:30","modified_gmt":"2025-09-25T12:06:30","slug":"the-diamond-pulse-august-2025","status":"publish","type":"newsletter","link":"https:\/\/rapaport.com\/trade\/newsletters\/the-diamond-pulse-august-2025\/","title":{"rendered":"The Diamond Pulse – August 2025"},"content":{"rendered":"\n

THE MONTHLY ‘RAP’
The Good, the Bad and the Lab-Grown<\/strong><\/h3>\n\n\n\n

This month presented a mixed bag for the industry. Many companies reported lackluster results, with Canadian jeweler Birks seeing<\/a> its full-year loss deepen and LVMH\u2019s jewelry and watch sales down<\/a> in the first half. De Beers expects a loss for the first half following stock rebalancing, while weak demand in Asia Pacific hurt Hong Kong luxury sales<\/a>, Chow Tai Fook revenue<\/a> and TSL\u2019s bottom line<\/a>. Meanwhile, some mass layoffs hit the mining sector. Gem Diamonds cut<\/a> 20% of its workforce at the Let\u0161eng mine, and Burgundy let go<\/a> of \u201cseveral hundred employees. The owner of the Mothae mine in Lesotho dismissed<\/a> 400 workers.<\/p>\n\n\n\n

Despite the chaos, Swatch Group saw<\/a> demand begin to pick up in China, and Luk Fook increased<\/a> its diamond offering amid improved sales. Richemont\u2019s revenue grew<\/a> thanks to a lift in the US market, and Indian jeweler Titan reported<\/a> a rise in sales even as gold prices remained high. Watches of Switzerland posted<\/a> record revenue, as did Prime day, raking in $24B.<\/p>\n\n\n\n

The lab-grown versus natural war continued to rage, as IGI reiterated<\/a> its intention to continue grading synthetics using the 4Cs \u2014 in response to the GIA\u2019s announcement it would migrate its terminology away from the 4Cs and HRD\u2019s statement it would cease grading loose lab-grown. Experts tried to determine<\/a> whether the changes would have any effect on the lab-grown industry, and France stood by its decision to require<\/a> the use of the word \u201csynthetics\u201d in reference to man-made stones.<\/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 July 2025<\/h3>\n\n\n\n

In July, the 1 CT RAPI fell 1.4% to $4,518, after staying mostly stable in June. Mid-tier D-H VS led the decline, down 1.9%, while higher-clarity IF-VVS dropped 0.8%. D-F and G-J SI categories fell sharply by 4.6%, compared to a 1.1% drop in June. In contrast, K-M VS-SI rose 1.1%. Inventory levels and searches on Rapaport Trade remained unchanged for the third straight month. Price and inventory shifts were seen in the US at month-end due to the new 25% tariff on Indian diamonds, but these are not yet reflected in the data.<\/p>\n\n\n\n

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Please note: the searches breakdown are a breakdown of buyers searches on Rapaport Trade<\/figcaption><\/figure>\n\n\n\n

<<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":8927,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false},"class_list":["post-8908","newsletter","type-newsletter","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/rapaport.com\/trade\/wp-json\/wp\/v2\/newsletter\/8908","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\/8927"}],"wp:attachment":[{"href":"https:\/\/rapaport.com\/trade\/wp-json\/wp\/v2\/media?parent=8908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}