Rapaport TradeWire July 2, 2026

July 2, 2026

Rapaport Market Comment - July 2, 2026 Prices of 0.30 to 0.49 ct. rounds recovering following inventory drops. 0.50 to 1.20 ct. mixed. Larger goods steady amid tight supply, especially in long fancy shapes. Slight demand improvements causing severe shortages in specific areas. Jun. RAPI: 0.30 ct. +4.2%, 0.50 ct. +1.3%, 1 ct. -0.7%, 3 ct. +0.4%. De Beers expected to reduce rough prices or expand discount deals at next week’s sight. Global 2025 rough production -8% to 99M cts., value -3% to $9.2B, average price +6% to $93/ct.; Russia remains largest producer. Alrosa pauses Severalmaz mines. Luk Fook FY sales +29% to $2.2B, profit +89% to $257M, boosted by gold demand and prices. Sean Gilbertson resigns as Gemfields CEO. Read More

RAPAPORT TRADE DIAMOND INDEX (RAPI™)   Weekly Monthly Y2Y 0.30 ct 0.44% 1.65% -25.94% 0.50ct 0.24% 1.08% -27.29% 1.00 ct -0.14% -0.31% -15.31% 2.00 ct -0.30% -0.84% -6.01% 3.00 ct 0.33% -0.15% -1.57%

Market Reports   United States: Hot market for branded antique jewelry in $5,000 to $25,000 price range…   Belgium: Rare categories and collection goods doing well amid supply shortages; commercial goods weaker…   Israel: June was difficult month, with shortages of specific goods in India pushing prices up…   India: Domestic retail activity expected to pick up ahead of IIJS in August and wedding season later in the year…   Hong Kong: Hong Kong-based jewelers report sales gains due to higher gold price…

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De Beers Poised to Ease Rough Pricing at July Sight By Joshua Freedman Miner appears to be shifting strategies at first sale under new contract. Read More

Bridal, Gemstones and Gold Top Picks for 47th Street Consumers By Jacklyn Pellegrino Oval, marquise and old mine are most popular engagement-ring shapes. Read More

Russia Largest Rough Producer by Value in 2025 for Third Year Country overtook Botswana in 2023. See More Strong Gold-Jewelry Demand Boosts Luk Fook Sales Group revenue up 29% year on year at $2.19 billion. See More TSL Sees Rebound in Full-Year Results Jeweler reports $14.6 million profit following last year’s $25 million loss. See More Hong Kong Luxury Sales Continue to Climb in May Revenue from jewelry, watches, clocks and valuable gifts up 26% year on year. See More Alrosa Suspends Operations at Severalmaz Deposits Three-month pause will save money and manage rough-diamond flow into market. See More Pandora Brings Lab-Grown Diamonds to Spain and Italy Collections will debut at new flagship stores in Barcelona and Milan. See More Jewelry Leads Luxury Spending in 2025 – Bain Group predicts sales for personal products likely to grow up to 4% during 2026. See More Ore Grade, Output and Insurgency Challenges Impact Gemfields Illegal mining and rebel activity are among factors affecting quality mix and cash flow, company says. See More Renard Diamond Mine Purchase Back On Li-FT will pick up the original deal to turn the site into a lithium-processing facility. See More Bonhams Names New Head of Jewelry in Asia Janet Lam brings more than 17 years of experience to the role. See More London Bourse Elects First Woman as President Charlotte Rose will also be first female leader of any diamond exchange worldwide. See More Brandee Dallow to Take Helm at Colored-Gem Group Exec currently serves as president of Community for Ethical Jewelry. See More ADPA Partners with Diamond School to Strengthen African Trade Partnership to boost collaboration in gemological training, capacity building and sustainable development across the continent. See More DRC Signs Deal with Swiss Firm ADEX to Upgrade Local Diamond Industry European company aims to increase transparency and efficiency throughout supply chain. See More Art Deco Brooch Nabs Five Times Its High Estimate at Christie’s Piece featuring 5.69-carat sapphire fetches $462,900 in Paris. See More

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