Figure up 2% from 2023, while non-wedding jewelry outlay grows 28%.
Consumers stocked up to avoid higher prices from looming taxes.
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Market Comment: April 17, 2025
Industry concerned about Trump tariffs and stock market declines and how they will affect consumer spending as well as wholesale and retail diamond prices. Uncertainty leading countries to freeze diamond exports to US and creating price volatility in the market.
India net polished exports -14% YTD to $2.4B, net rough imports -33% to $2.8B.
LVMH watch and jewelry division +1% YOY to $2.8B.
Gemfields 2024 revenue -19% to $122M, with $101M loss.
THE RAPAPORT PRICE LIST WILL NOT BE PUBLISHED ON APR. 18 DUE TO THE JEWISH HOLIDAY OF PASSOVER.