News:
Market quiet amid tariff uncertainty and seasonal slowdown. Dealers gradually returning from Easter and Passover holidays. India preparing to close for May summer break. US dealers with inventory are seeing steady orders from retailers. Sales slow in overseas trading centers. Low demand and stable prices expected at next week’s De Beers sight. Christie’s removes modified pear brilliant, 23.24 ct., fancy-vivid-blue, VS2 Golconda Blue diamond from Geneva auction. NRF predicts $6.8B in Mother’s Day jewelry spending. JBT reports 1Q US jewelry business closures +19% YOY to 212. Rapaport Group names Dan Mano as CEO. Sign up for the Rapaport JCK Breakfast at rapaport.com/jck25-breakfast.
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.
