News:
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 THE RAPAPORT PRICE LIST WILL NOT BE PUBLISHED ON APR. 18 DUE TO THE JEWISH HOLIDAY OF PASSOVER.
Fancies:
Large fancy shapes doing better than rounds. Prices stable or increasing for 2 ct. and larger diamonds. High-quality stones hard to find. Solid US interest in elongated Ovals of good shape and quality in D-I, VS-SI categories. Elongated Emeralds, Radiants and Pears in 2.50 to 2.99 ct. sizes trading at significant premiums. Oval and Pear, 0.30 to 0.49 ct., F-I, VS diamonds in demand. Ovals 5% to 10% more expensive than Pears in US market. Supply shortages supporting prices for Marquises. Square Cushions slow. Very well-cut fancy shapes difficult to find and commanding premiums. Off-make, poorly cut fancies illiquid.
