News:
Market facing historic uncertainty as US implements 10% tariffs and postpones higher rates by 90 days. China hit with 125% duty. Trading frozen amid concerns about impact on consumer demand and pricing. Companies sent diamonds to US before Apr. 9 in expectation of 26% tariff on Indian goods, which did not go into effect. US inventory gained value. Signet not allowing price changes for confirmed orders. GIA stops accepting goods that need to be shipped to US labs, expands Hong Kong and Dubai services. Petra postpones Cullinan tender. EU omits diamonds from reciprocal tariffs. THE RAPAPORT PRICE LIST WILL NOT BE PUBLISHED ON APR. 18 DUE TO THE JEWISH HOLIDAY OF PASSOVER.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 with 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.
