Rapaport TradeWire May 7, 2026

May 7, 2026

Rapaport Market Comment - May 7, 2026 US retail solid, especially in 2 ct. and larger, F-I, VS-SI diamonds in rounds and long fancies. 7 ct.+, D-IF in hot demand ahead of GemGenève show. Elongated fancies hard to find in larger sizes. Collection goods (D-F, VVS-VS) improving in round dossiers. RAPI for 0.30 ct. +2.6% in Apr., 0.50 ct. +1.3%, 1 ct. -1.4%. Industry preparing for Las Vegas shows. Pear prices soft under 1 ct. Rough slow amid manufacturing cuts and India summer vacation. US Customs launches system for tariff refunds. Brilliant Earth 1Q sales +6% YOY to $100M. Canada mines under pressure; Ekati owner Burgundy files for insolvency protection. Rapaport launches Heard on the Street video series in partnership with Shop LC. Read More

RAPNET DIAMOND INDEX (RAPI™)   Weekly Monthly Y2Y 0.30 ct 0.00% 2.19% -29.09% 0.50ct 0.23% 1.90% -29.85% 1.00 ct 0.21% -1.15% -14.70% 2.00 ct 0.07% -1.09% -5.48% 3.00 ct -0.52% 0.05% -1.95%

Market Reports   United States: Economy ministry (FPS Economy) carrying out random spot checks on inbound polished shipments…   Belgium: Strong Belgian attendance at start of GemGenève show on May 7…   Israel: Some demand for commercial goods (VS-SI) in 2 ct. and larger…   India: Market dependent on supply discipline to maintain recovery, with manufacturers buying rough carefully…   Hong Kong: Younger consumers leaning toward synthetics…

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Heard on the Street: Video Series Captures What’s Really Happening in the Market By Joshua Freedman First episode of new show focuses on synthetic diamonds and consumer education. Read More

Podcast: Why Natural and Lab-Grown Are Both ‘Thriving’ The diamond pie is expanding, say Stuller executives Danny Clark and Belit Myers. Listen Here

Prices of Small Diamonds Rebound in April 0.30-carat RAPI up 2.6%. See More US Begins First Phase of Tariff Refunds Customs and Border Protection launches system for importer claims. See More Pandora Claims Its Lab-Grown Carbon Footprint Is 90% Lower Than Natural Jeweler to disclose all emissions on every synthetic diamond it sells. See More Pandora to Drive Demand Through ‘Culturally Relevant’ Jewelry Danish retailer will also incorporate multi-material pieces to save money and generate broader appeal. See More Most Valuable Jadeite Necklace in a Decade Heads to Christie’s Piece has $26 million high estimate at May 26 Magnificent Jewels Hong Kong. See More Two Blue Diamonds Each Get $8.5M Price Tag at Christie’s Stones will lead June 9 Magnificent Jewels in New York. See More Chow Tai Fook Expects Full-Year Profit to Surge Higher gold prices and a change in sales mix drive increase. See More Hong Kong Luxury Sales Maintain Upward Trend in March Revenue from jewelry, watches, clocks and valuable gifts up 27% year on year. See More Alrosa Looks to Revive Mir 10 Years After Flood Miner is planning to reopen the deposit in 2027. See More Mountain Province Sells Rights to $1M of Future Diamond Revenue Majority shareholder gives miner $833,000 cash up front. See More Ekati Diamond Mine Owner Files for Creditor Protection Burgundy reaffirms its belief in deposit’s long-term viability. See More Canada Financial Watchdog Slaps Penalty on Birks Jeweler fined over $50,000 by FINTRAC. See More South African Trade Groups Merge to Form New Diamond Association Local industry leader Molefi Letsiki will head combined organization. See More Sapphire Ring Triples High Estimate at Heritage Auction Leading piece sells for $906,250 at May 4 Spring Fine Jewelry Signature sale. See More

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