Rapaport TradeWire July 23, 2026

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July 23, 2026
 
Rapaport Market Comment - July 23, 2026

Prices of round, 0.30 to 0.69 ct. diamonds continuing to recover. Dealers reporting improvement in 1 ct. commercial goods. Trading hubs slowing down for summer. US wholesale steady despite seasonal lull. Anglo American reportedly picks Gareth Penny-led consortium as top De Beers bidder. De Beers sees estimated 1H loss; 2Q sales -44% YOY to $665M. Prices increase for small, low-quality rough at Okavango auction. US imposes fresh 25% tariffs on Brazilian goods, 50% on Canada; impact on diamonds and gemstones unclear. Swatch Group 1H jewelry and watch sales +2% to $3.6B. Luk Fook, Chow Sang Sang report sales growth in April-June quarter. Indian market optimistic for IIJS (Aug. 5-10).

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RAPAPORT TRADE DIAMOND INDEX (RAPI™)
  Weekly Monthly Y2Y
0.30 ct 0.79% 4.25% -20.93%
0.50ct 0.76% 1.56% -23.54%
1.00 ct -0.11% -0.28% -14.85%
2.00 ct -0.16% -0.75% -6.14%
3.00 ct -0.13% 0.27% -0.23%
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Market Reports
United States: Old euros and old miners popular, with strong interest from retail jewelers…
  United States: Old euros and old miners popular, with strong interest from retail jewelers…
Belgium: Shortage of goods in Antwerp pushing buyers toward India and larger suppliers…
  Belgium: Shortage of goods in Antwerp pushing buyers toward India and larger suppliers…
Israel: De Beers to hold auctions in Israel…
  Israel: De Beers to hold auctions in Israel…
<b>India: </b>Reports of consumers shifting back from synthetics to 1 ct. SIs…
  India: Reports of consumers shifting back from synthetics to 1 ct. SIs…
Hong Kong: Trading better than last year, driven by investment buyers and demand from Chinese tourists in Hong Kong…
  Hong Kong: Trading better than last year, driven by investment buyers and demand from Chinese tourists in Hong Kong…
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What Do Women Want? Watches of All Kinds
By Sonia Esther Soltani

Female collectors are a growing segment of the timepiece market – and they’re not limiting themselves to the traditional “ladies’” models.

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Sale likely to be finalized by the end of 2026, official says.
Anglo Picks Gareth Penny-Led Consortium as Top De Beers Bidder – Reports
Sale likely to be finalized by the end of 2026, official says.
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Second-quarter sales down 44% by value.
Anglo American Flags First-Half Loss at De Beers
Second-quarter sales down 44% by value.
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Trade representative is carrying out three expedited investigations that might lead to new regulations at the end of this month.
Fresh US Import Tariffs Could Affect Colored Gemstones and Pearls
Trade representative is carrying out three expedited investigations that might lead to new regulations at the end of this month.
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Company plans to pause production at its South African deposit for two years.
Mining Union Condemns Potential De Beers Layoffs at Venetia
Company plans to pause production at its South African deposit for two years.
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Revenue up 2% year on year for first six months.
Swatch Group Records Strong Sales Across All Continents
Revenue up 2% year on year for first six months.
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Company posts $2.4 million deficit compared to $9.1 million for previous 12 months.
Birks’s Full-Year Loss Narrows
Company posts $2.4 million deficit compared to $9.1 million for previous 12 months.
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Group revenue grows 32% as China and Hong Kong see strong results.
Gold Spike Bumps Up First-Quarter Sales at Luk Fook
Group revenue grows 32% as China and Hong Kong see strong results.
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Retail sales value up 16% in second fiscal quarter.
Chow Sang Sang Revenue Rises as Gold Jewelry Demand Holds Steady
Retail sales value up 16% in second fiscal quarter.
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June shipments up 11% year on year.
Swiss Watch Exports Continue to Grow
June shipments up 11% year on year.
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Company retrieves 33,000 carats in second quarter after deposit closure earlier in the year.
Rio Tinto Processes Diamonds from Shuttered Diavik
Company retrieves 33,000 carats in second quarter after deposit closure earlier in the year.
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