Connect with us

DiamondBuzz

Diamond market roundup: Domestic and overseas demand increasing, Chinese buyers slowly returning

Published

on

United States:Trading steady amid shortages in select categories. Market still memo-centric, with little inventory-buying. Retailers seeking 2.50 to 2.99 ct., F-H, VS-SI, rounds and fancies with no center black, paying premiums due to goods’ scarcity. Melee in demand. US February inflation better than expected at 2.8%.

Belgium:Mood improving following Hong Kong show. Dealers cautiously optimistic, as goods are starting to move. Large stones in short supply. Belgium polished exports for February down 24% year on year at $783.7 million, with volume declining 20% to 297,700 cts.

Israel:Market sentiment more positive after dealers report sales of 3 ct. and larger diamonds at Hong Kong show. Low inventories supporting prices, with some price increases in fancy shapes.

India:Manufacturers reporting better Hong Kong show than anticipated, boosting market mood. Domestic and overseas demand increasing. Chinese buyers slowly returning, especially for small goods, but quantity of purchases still limited. Polished production remains low, supporting prices and sales.

Hong Kong:

Industry reflecting on show, which beat expectations but was slow relative to pre-pandemic times. Many Indian trade buyers. Dealers following up on sale leads. Fair attracted purchasers from around the world, but few Chinese clients present. Demand was very specific, with exhibitors holding prices firm amid high replacement costs.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

DiamondBuzz

Russia Tightens Rules On Synthetic Diamond Labelling

Industry’s Most Stringent Measures Aimed At Clearly Distinguishing Lab-Grown Stones From Natural Diamonds

Published

on

Russia has introduced new regulations governing the sale and marketing of jewellery containing synthetic diamonds, marking one of the industry’s most stringent measures aimed at clearly distinguishing lab-grown stones from natural diamonds. The rules are set to take effect on 1 September 2026.

The new provisions were adopted under Resolution No. 657 of 30 May 2026 by the Government of the Russian Federation and amend the country’s retail sales regulations for precious metals and gemstones.

Under the revised rules, jewellery containing synthetic stones may continue to reference the corresponding natural mineral, but labels and tags must prominently include the word “synthetic” or its approved abbreviation. However, the use of the word “diamond” and its derivatives in relation to synthetic materials will be prohibited. The regulations also ban the use of colour and quality descriptors typically associated with natural diamonds.

The resolution further prohibits retailers and marketers from using terms such as “precious”, “real”, “genuine”, “natural”, “mined”, “mineral” and “eco-friendly” when describing synthetic stones. In addition, the weight of synthetic stones may only be disclosed in grams rather than carats. The restrictions apply to all forms of consumer-facing information, including product labels and marketing materials.

The measures are intended to protect consumers from misleading sales practices and ensure greater transparency in the marketplace. Russia, the world’s largest producer of natural diamonds by volume, said the rules are designed to safeguard consumers and support fair competition between natural and synthetic diamond products.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x