DiamondBuzz
Prices stable for large diamonds, softness continues in the sub-1-carat categories:Rapaport
The report stated that large stones stable; small stones weakest. Market softness continued in the sub-1-carat categories.India saw steeper declines than the US, largely due to the impact of America’s 50% tariff on Indian diamond imports.
US: Steady pre-holiday demand, especially for 2–4 ct, F–J, VS–SI, in rounds and long fancies. Online spending hit record highs over Thanksgiving/Black Friday, yet major retailers continued emphasising lab-grown for fashion segments.India: Domestic demand remained healthy.China: Diamond demand subdued, though jewellery retail showed early stabilisation (Chow Tai Fook revenue –1.1%; Luk Fook +20–30%).
India’s rough imports –45% YoY in October amid Diwali closures and inventory control.De Beers held prices steady and allowed full refusals; its rough remains priced above secondary-market levels.Namibia signalled interest in acquiring a minority stake in De Beers.
Sentiment mixed. Independents report strong interest in large rounds and fancies; marquise and old-mine cuts are outperforming.
DiamondBuzz
Alrosa Reports $130mn H1 Loss Amid Diamond Market Headwinds
The Company Cited Geopolitical and Macroeconomic Uncertainty, Western Sanctions, Shifting Jewellery Demand, Higher Gold Prices and Weaker Rough and Polished Diamond Sales As Key Challenges.
Russia’s state-controlled diamond miner Alrosa reported a 10.67 billion-ruble ($129.7 million) net loss in H1 2026, reversing a 39.03 billion-ruble profit a year earlier. Revenue plunged 36% to 74.16 billion rubles ($901.6 million), while gross profit fell to 4.62 billion rubles.
The company cited geopolitical and macroeconomic uncertainty, Western sanctions, shifting jewellery demand, higher gold prices and weaker rough and polished diamond sales as key challenges. Its operating loss widened to 5 billion rubles, while the pre-tax loss reached 14.08 billion rubles.
Adding to the pressure, Russia’s 8% export duty on unprocessed rough diamonds above 0.45 carats, postponed to March 2027, is expected to cut Alrosa’s profit by around 3.12 billion rubles ($37.9 million), further clouding the miner’s outlook.
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National News1 day agoJoyalukkas to Supply 1-Gram Gold Rings to 4.41 Lakh Newborns Under Tamil Nadu Government’s “Thai Maman Thanga Mothiram” Scheme
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