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Prices stable for large diamonds, softness continues in the sub-1-carat categories:Rapaport

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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.

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DiamondBuzz

Antwerp Diamond Industry Gifts Trump Freedom 250 Ring After US Tariff Relief

The Symbolic Gesture Has Attracted International Attention Because It Followed Tariff Relief Measures

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Belgium’s renowned diamond sector has reportedly presented a gem-studded “Freedom 250” ring for former U.S. President Donald Trump through the American envoy in Brussels.

The symbolic gesture has attracted international attention because it followed tariff relief measures that benefited parts of the industry and emerged amid broader scrutiny regarding expensive gifts associated with political leaders and public officials.

The development highlights the intersection of commerce, diplomacy, symbolism, and ethics, raising questions about the role of ceremonial gifts in international relations and the standards governing their acceptance.

According to reports, the gift presented to Trump is known as the “Freedom 250” ring, an elaborate piece featuring precious stones and patriotic symbolism. The title appears to reference the approaching 250th anniversary of American independence, a milestone expected to generate commemorative events and national celebrations.

The ring’s design reportedly incorporates luxurious materials intended to symbolize friendship, shared prosperity, and enduring ties between Belgium and the United States. Supporters describe it as a cultural and commercial tribute reflecting admiration for American history and the longstanding relationship between the two nations.

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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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