DiamondBuzz
Diamond market roundup: Domestic and overseas demand increasing, Chinese buyers slowly returning
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.
Legendary gemologist who helped shape global diamond grading standards steps down after five decades at GIA
Tom Moses, executive vice president and chief laboratory and research officer at the Gemological Institute of America (GIA), is set to depart after nearly 50 years of trailblazing service.
Moses spearheaded GIA’s global footprint, elevating it to the pinnacle of gemology and education worldwide, the institute announced last week. He’ll stay on through May’s end to ensure a seamless handover, then transition to chief of gemological research emeritus—a fitting tribute to his indelible mark.
“The rigor Tom infused into grading, the discipline he championed in science, the laser focus on customers, and the humility in leadership embody GIA’s gold standard,” said GIA CEO Pritesh Patel. “His five decades aren’t just tenure—they’re the engine of our explosive growth, fueled by relentless commitment, curiosity, and command.”
A graduate gemologist since joining GIA’s California lab in 1976, Moses climbed through key leadership posts, co-authored over 100 technical papers in Gems & Gemology and peer journals, snagged the 2002 Richard T. Liddicoat Award, and joined the board of governors in 2013.
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