Rapaport TradeWire April 23, 2026

April 23, 2026

Rapaport Market Comment - April 23, 2026 Market trends stable. Large and high-quality diamonds performing well. 7 to 9.99 ct. diamonds strong. 10 ct. and larger moving, especially in D-flawless. Round, 0.30 to 0.89 ct. stabilizing. Mumbai’s Bharat Diamond Bourse predicts market recovery following temporary Iran ceasefire. Rough dealers expect small De Beers sight next week (Apr. 27-30) as manufacturers defer purchases. Indian factories preparing to close for May summer holidays. Angola 2025 rough production +8% to 15.2M cts. Israel quiet over Memorial Day and Independence Day. NRF predicts $7.5B in jewelry sales this Mother’s Day (May 10). Rapaport announces it will exclusively support natural diamonds. Read More

RAPNET DIAMOND INDEX (RAPI™)   Weekly Monthly Y2Y 0.30 ct 0.96% 2.06% -28.64% 0.50ct 0.57% 0.52% -30.30% 1.00 ct -0.14% -2.05% -14.35% 2.00 ct -0.24% -1.17% -4.85% 3.00 ct 0.23% -0.07% -1.78%

Market Reports   United States: Good market for 2 ct. and larger rounds and long fancies…   Belgium: Market still relatively quiet, with little increase in activity following Easter vacation…   Israel: Very little activity during week of national holidays…   India: Polished manufacturing down due to rough shortages, supporting prices…   Hong Kong: Many customers shifting from diamonds to colored gemstones, gold, and synthetic diamonds…

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US Retailers Are Pinning Their Hopes on the High-Performing High End By Kristin Taylor Young Big-ticket items are the main source of sales growth for today’s jewelers, making it more important than ever to elevate the customer experience. Read More

The Estate Market Lets Colored-Stone Dealers Mine the Past By Richa Goyal Sikri Vintage and antique jewels may be the gem trade’s solution to the unreliable flow of new goods. Read More

‘Frankenstein,’ ‘Casino,’ ‘House of Gucci’ − Behind the Scenes of Film Jewelry By Francesca Fearon Kathryn Vanderveen of Createology, who connects brands with studios, shares the ins and outs of luxury product placements. Read More

Rapaport Group Reaffirms Commitment to Natural Diamonds and Announces Official Policy Excluding Synthetics Company has responsibility to preserve market credibility and consumer confidence, says CEO Dan Mano. See More Jewelry to Lead Record Mother’s Day Spending Consumers will shell out $7.5 billion this year on the category, NRF predicts. See More Strong Gold Prices Lead to Revenue Boost for Luk Fook Fourth quarter up 19% year on year overall, with same-store sales beating previous three periods. See More Alrosa Reelects Pavel Marinychev as CEO Unanimous vote extends executive’s term for three years. See More Rio Tinto’s Rough Output Rises Amid Mine’s Final Hurrah Production up 11% year on year in first quarter. See More Angola’s Rough-Diamond Production Grows in 2025 Output up 8% at 15.2 million carats. See More Edward Asscher to Run for Another Term as RJC Vice Chair The longtime diamond exec has served in the role for four years. See More De Beers Jwaneng 28.88 Leads Sotheby’s Hong Kong to $33M Unmounted D-flawless stone sells for $2.7 million at April 23 High Jewelry auction. See More Michael Lerche Runs for RJC Vice Chair Goldstar Jewellery CEO is up against incumbent Edward Asscher, who wants to remain in role. See More Cartier and Boucheron Jewels Are Highlights at Christie’s Geneva Sale One of two featured Art Deco necklaces appeared in 1974 film adaptation of The Great Gatsby. See More Swiss Watch Exports Decline as US Demand Falters March shipments down 1% year on year. See More

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