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.
DiamondBuzz
Russia Dominates 2025 Diamond Production Value For Third Consecutive Year
Recovers 31.5 Million Carats Valued At $2.72 Billion (Averaging $86 Per Carat).
Russia maintained its lead in global rough diamond production value for the third year in a row in 2025, recovering 31.5 million carats valued at $2.72 billion (averaging $86 per carat).
Meanwhile, production in Botswana fell due to operational shutdowns at the Jwaneng and Orapa mines, resulting in 15.5 million carats worth $1.98 billion, though it achieved a higher average price of $128 per carat. Globally, the rough diamond market saw a contraction: overall output dropped 3% in value to $9.23 billion and 8% in volume to 98.8 million carats, driven by significant export declines from Russia, Canada, Zimbabwe, and Lesotho.
Global rough output fell 3% year on year to $9.23 billion. By volume, production dropped 8% to 98.8 million carats. Total imports slipped 8% by volume, while global exports declined 7%.
The dip in exports reflects a 1.8% slump in the number of carats exported from Russia, and a slide of 10% from Canada, 41% from Zimbabwe and 63% from Lesotho.
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