Editor’s Note
The diamond market is showing a clear divergence, with high demand for rare, large stones but continued weakness in more common categories. This report from the JCK Las Vegas show highlights the ongoing challenges and selective opportunities within the industry.
The recent JCK Las Vegas show reflected a split diamond market. Long fancies and large round stones sold strongly amid shortages and steady demand. However, many of the “bread-and-butter” goods that constitute the bulk of the industry’s inventory are still struggling.
Trading at the show primarily demonstrated the supply trends that have taken shape. Miners and polished manufacturers have reduced their output over the past year, leading to shortages of select items. Still, tariffs and the ongoing impact of synthetics have hurt business for those with less salable goods.
This report analyzes five sections of the diamond market, assessing how they performed at the show and why.
As always, the Rapaport Research Report also offers exclusive RapNet data for 0.30-, 0.50, 1- and 3-carat stones, including average prices, discounts, inventory by country, and search volume. In addition, it presents the volume of goods moving onto and off the RapNet platform, and the average time it takes them to do so.
