Rapaport TradeWire July 16, 2026

July 16, 2026

Rapaport Market Comment - July 16, 2026 1 ct. demand picking up and supply falling, but prices not recovering. Indian sentiment improving. US wholesale active despite summer vacation. India’s Mehul Shah elected WFDB president at eventful World Diamond Congress in Singapore. Israel Diamond Exchange rejoins WFDB. De Beers to pause production at Venetia mine, reflecting weak market for small, low-value diamonds. Canada’s Ekati mine to close. Lucara finds 1,305 ct. diamond, its 10th over 1,000 ct. Belgium 1H polished exports +18% YOY to $3.7B. Dubai 2025 polished trading up c.25% to $18.7B. Richemont fiscal 1Q sales at jewelry maisons (Cartier, Van Cleef) +21% to $5.4B. Rapaport Auctions holds first diamond viewing in India. Read More

RAPAPORT TRADE DIAMOND INDEX (RAPI™)   Weekly Monthly Y2Y 0.30 ct 0.03% 3.69% -22.15% 0.50ct 0.22% 1.02% -24.82% 1.00 ct -0.02% -0.33% -15.14% 2.00 ct -0.29% -0.81% -6.10% 3.00 ct 0.06% 1.08% -0.54%

Market Reports   United States: Contractors manufacturing for brands busy…   Belgium: Market quiet as summer period sets in…   Israel: WFDB members vote to readmit Israel Diamond Exchange at World Diamond Congress…   India: Buyers more confident, and sellers firmer on prices of sought-after goods amid shortages…   Hong Kong: Chinese consumers increasingly buying diamonds for personal milestones and daily wear rather than marriage, preferring loose diamonds with custom settings…

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The Watches Ticking All the Boxes: A Look at the Data By Leah Meirovich Auction houses, secondhand sellers, and jewelry insurers weigh in on which timepiece brands are the most popular, who’s buying them, and how much they’re paying. Read More

Meet the New Generation of Watch Enthusiasts By Joshua Hendren For Gen Z consumers, buying a luxury timepiece is first and foremost about self-expression and personal aesthetic. Read More

Pre-Owned Timepieces Are Getting Their Equilibrium Back By Richa Goyal Sikri Though demand slipped after a pandemic-era sales spike, the organic revival of a true collector’s market has led to sustained recovery. Read More

Small-Diamond Recovery Accelerates in June 0.30 ct. RAPI up 4.2%, a bigger gain than in May. See More De Beers to Suspend Production at Venetia Mine Move reflects market shift to higher-value diamonds. See More Strong Jewelry Segment Boosts Richemont Sales in First Quarter Revenue for division up 21%, with growth in all regions. See More Watches of Switzerland’s Revenue Continues to Grow Sales for full year up 11% to $2.44 billion. See More Mehul Shah Wins WFDB Presidential Bid Vice president of Bharat Diamond Bourse will take over from Yoram Dvash. See More Ekati Deposit to Close as Buyers Fail to Step Up Owner Burgundy Diamond Mines will run out of money by July 17, according to legal filings. See More Lucara Digs Up Massive 1,305ct. Rough from Karowe Stone is miner’s 10th over 1,000 carats. See More Dubai Sees Record-High Diamond Trade in 2025 Total value up 16% to $41.7 billion for the full year. See More Antwerp’s Diamond Trade Sees Positive Momentum Combined imports and exports up 9% in value and 14% in volume year on year in first half. See More FCRF and Cutwise Unveil Pricing Tool for Colored Diamonds Platform will allow manufacturers to optimize cutting according to market value. See More

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