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Diamond prices generally declined in September

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Diamond prices generally declined in September, with notable sharp drops for round polished goods under 1 carat. The market was affected by US tariffs and the ongoing sale of De Beers, creating uncertainty.

  • Key Declines:
    • The RapNet Diamond Index (RAPI™) for 1-carat (round, D-H, IF-VS2) fell 0.9%.
    • RAPI for 0.30- and 0.50-carat goods both dropped 6%.
    • SI-clarity 1-carat rounds saw a larger decline of 2%.

  • Strong Segments: Prices for larger sizes were mixed, but long fancy shapes, particularly in 2 carats and up, were “hot.” RAPI for 3 carats was flat.
  • Trade & Tariffs: Demand at the Hong Kong show favored larger diamonds/fancies. US tariffs (especially the 50% rate on Indian goods) restricted overseas sales to the American market, despite steady business for independent US jewelers. The EU secured a zero-tariff deal, and Botswana is negotiating one.
  • Production: Indian manufacturers cut polished production due to weak demand; August rough imports fell from July ($1.15 billion to $768.7 million).
  • De Beers: The sale of Anglo American’s De Beers unit was in progress, with Botswana seeking a majority stake and Angola bidding for a minority holding.

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DiamondBuzz

De Beers brings Diamonds and Glamour to London

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Insiders suggest a star-studded journey to London might be on the cards. But why London? Beyond its glittering reputation as a global hub for jewellery and fashion, whispers point to something far more dazzling — De Beers is set to host a major showcase in the city.

This year, De Beers Group makes its grand debut at Frieze London, marking a landmark moment where the world of natural diamonds meets the world of art. In collaboration with Frieze Masters, the brand will unveil Voyage Through the Diamond Realm — an immersive experience said to capture the mystery, beauty, and brilliance of natural diamonds like never before.

To bring this vision to life, De Beers has invited India’s leading style and art connoisseurs, including Twinkle Khanna, Ananya Panday, Sara Tendulkar, Karan Johar and many more. Known for their refined taste and appreciation of art and design, these tastemakers are the perfect ambassadors to experience natural diamonds in a whole new light — where every facet tells a story of time, pressure, and perfection.

While details remain under wraps, those close to the brand hint that the experience will be nothing short of transformative — a moment where science, storytelling, and rarity converge to celebrate nature’s most extraordinary creations.

One thing’s certain: when De Beers Group meets Frieze London, the city is bound to shine a little brighter — and perhaps, so will those boarding that flight.

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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.

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