Rapaport TradeWire July 30, 2026

July 30, 2026

Rapaport Market Comment - July 30, 2026 $1B reported De Beers price tag reflects industry’s multiyear downturn. De Beers trims 1H underlying loss to $188M amid cost controls. Sentiment improving in India, stable in US, as supply tightens. US tariffs on Indian goods stay at 10%; Belgium, Botswana and Namibia secure 0% rate. No clear impact on prices or inventory. Round prices under 1 ct. improving, 1 ct. mixed. Demand for 2 ct. and larger steady, with rough hard to find and going to a small number of companies. LVMH (Tiffany, Bulgari) and Kering (Boucheron, Pomellato) report strong jewelry sales in US and Asia. Big stones boost Gem Diamonds: 1H sales +33% YOY to $59.5M, average price +38% to $1,395/ct. Read More

RAPAPORT TRADE DIAMOND INDEX (RAPI™)   Weekly Monthly Y2Y 0.30 ct 0.04% 1.44% -19.99% 0.50ct 0.43% 1.71% -21.79% 1.00 ct 0.04% -0.10% -14.38% 2.00 ct -0.19% -1.05% -6.23% 3.00 ct -0.36% 0.10% -1.04%

Market Reports   United States: Market steady and mood positive…   Belgium: Industry watching closely as 0% US tariff rate could position Antwerp as a more competitive manufacturing hub for large diamonds…   Israel: Industry under pressure from tariff disadvantage as US imposes 12.5% duty, with some calling for government support…   India: Prices firm and inventory tight, with buyers struggling to source desired goods…   Hong Kong: More businesses shifting focus from smaller stones to larger, certified goods…

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Rapaport Intelligence Report: Shining a Light on Fluorescent Diamonds By Joshua Freedman A crucial change to GIA grading reports could restore confidence among the trade and consumers. Read More

Rapaport Magazine Trains Its Eye on Education By Sonia Esther Soltani Learn about the latest programs and progress in the August issue. Read More

De Beers Trims Losses Amid Price Stabilization, Cost Cuts Company sale “advancing,” says Anglo American. See More Anglo American Mulling $1B De Beers Sale – Report Gareth Penny-led consortium would pay $750 million up front, Bloomberg says. See More Natural Diamonds from Europe Exempt from US Import Tariffs 0% tax strengthens Antwerp’s position as the region’s leading hub. See More CIBJO Expects to Nix ‘Lab-Grown’ Terminology Organization believes the word “synthetic” will be clearer for consumers. See More Gem Diamonds Sales Rise in Solid Market for Large Stones Increase in first-half average price offsets decline in volume. See More Weak Market and Product Mix Dent Petra Revenue Sales value down 24% in fourth quarter and flat for full year. See More Sales at Rio Tinto’s Diamond Unit Fall Amid Mine Closure Revenue down 27% in first half. See More Kering Jewelry Sales Spike Amid US and Asia Demand Boucheron and Pomellato drive 15% revenue jump. See More US and Asia Drive LVMH Jewelry Rebound “Excellent performance” at Tiffany and Bulgari fuels 3% bump. See More New Collection Boosts Chow Tai Fook’s Revenue Group sales up 15% year on year in first quarter. See More Israel Diamond Exchange President Resigns Election for new leader will take place in November or December. See More Qatar Launches First Diamond Exchange Bourse will connect Doha to international precious-stone markets. See More Prices for Rough at TAGS Tender Exceed Expectations Sale of specials achieves 95% sell-through rate. See More Gemfields Revenue Skyrockets in First Half High-quality emerald production offsets weak ruby grade recovery. See More

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