The diamond market experienced yet another change in March. The diamond dealers saw a drastic breakdown in the diamond market. Stay connected with Anita Diamonds for the latest news in the diamond industry.
Rappaport reported the breakdown of the diamond market in March 2023.
In March, the diamond market appeared quiet, with caution being exercised due to the US Federal Reserve raising interest rates by 0.25 basis points to reduce inflation. Chinese buyers were also reported to need more urgency following the re-entry to the market signaled by the Hong Kong show. In terms of sales, small diamonds were reportedly doing better than certificates.
However, manufacturers faced tightening profit margins after price increases of small rough in the first quarter. Despite this, polished production remained stable at low levels, with inventory being reduced in popular categories. Additionally, the G7 was reportedly working on a plan to require companies to declare that their supply is not sourced from Russia before a meeting in May. Martin Rapaport was also set to address supply chain challenges and opportunities at Israel's International Diamond Week on March 27th.
Fancy Shape Diamond Demands
Demand for elongated diamond shapes such as ovals, emeralds, and radiants was being driven by fashion trends. However, goods with medium and short ratios were reportedly weak and declining in value. The market was slow in the 0.30 to the 1.20-carat range, while the 1.25-carat and larger categories in F-J and VS-SI were stable. Shortages of well-cut fancies were also noted, which supported prices.
Among the fancy shapes, the oval was the leading shape, followed by radiant, emerald, pear, cushion, and marquise. As consumers increasingly seek alternative cuts, retailers were observed offering broader product ranges.
Excellent shapes were commanding premiums, with oversized trading at higher prices than usual. On the other hand, off-make and poorly cut fancies were reported to be illiquid and difficult to sell.
Diamond Dealers in Belgium
The diamond market observed slow dealer activity in March, which could be attributed to the seasonal lull and sluggish demand. However, businesses were optimistic about a potential improvement in the year's second half, with expectations being stimulated by the upcoming May-June Vegas shows and China's recovery. Regarding sales, 1 to 3-carat diamonds were reportedly stronger in fancies than in rounds. Additionally, rough auction prices continued to firm up in small categories.
Diamond Dealers in Israel
The diamond market was relatively quiet in March, although some industry experts predicted a potential improvement in the second quarter. The International Diamond Week, scheduled for March 27th to 30th, was expected to lift sentiment, particularly as several overseas delegations were scheduled to participate. Meanwhile, stones below 0.30 carats were steady, while suppliers to luxury brands were reportedly focused on source verification and supply assurances. The high-end market was doing well, with premium diamond products attracting significant demand.
Diamond Dealers in Hong Kong
Diamond market had experienced a decrease in activity following the excitement of the March gem and jewellery shows. Sales were reportedly becoming more challenging, particularly as Chinese buyers had already acquired enough inventory for the time being. The mainland retail sector was also observed to be seasonally slow. However, tourists' return to Hong Kong boosted market sentiment, leading to a positive outlook for the coming months.
If you want to stay up-to-date with the latest news and trends in the diamond industry, staying connected with Anita Diamonds could be a great way. As a leading player in the diamond market, Anita Diamonds provides a wealth of information and insights into industry developments, pricing trends, and other important news affecting the diamond trade.
In March, the diamond market appeared quiet, with caution being exercised due to the US Federal Reserve raising interest rates by 0.25 basis points to reduce inflation. Chinese buyers were also reported to need more urgency following the re-entry to the market signaled by the Hong Kong show. In terms of sales, small diamonds were reportedly doing better than certificates.
However, manufacturers faced tightening profit margins after price increases of small rough in the first quarter. Despite this, polished production remained stable at low levels, with inventory being reduced in popular categories. Additionally, the G7 was reportedly working on a plan to require companies to declare that their supply is not sourced from Russia before a meeting in May. Martin Rapaport was also set to address supply chain challenges and opportunities at Israel's International Diamond Week on March 27th.
Fancy Shape Diamond Demands
Demand for elongated diamond shapes such as ovals, emeralds, and radiants was being driven by fashion trends. However, goods with medium and short ratios were reportedly weak and declining in value. The market was slow in the 0.30 to the 1.20-carat range, while the 1.25-carat and larger categories in F-J and VS-SI were stable. Shortages of well-cut fancies were also noted, which supported prices.
Among the fancy shapes, the oval was the leading shape, followed by radiant, emerald, pear, cushion, and marquise. As consumers increasingly seek alternative cuts, retailers were observed offering broader product ranges.
Excellent shapes were commanding premiums, with oversized trading at higher prices than usual. On the other hand, off-make and poorly cut fancies were reported to be illiquid and difficult to sell.
Diamond Dealers in Belgium
The diamond market observed slow dealer activity in March, which could be attributed to the seasonal lull and sluggish demand. However, businesses were optimistic about a potential improvement in the year's second half, with expectations being stimulated by the upcoming May-June Vegas shows and China's recovery. Regarding sales, 1 to 3-carat diamonds were reportedly stronger in fancies than in rounds. Additionally, rough auction prices continued to firm up in small categories.
Diamond Dealers in Israel
The diamond market was relatively quiet in March, although some industry experts predicted a potential improvement in the second quarter. The International Diamond Week, scheduled for March 27th to 30th, was expected to lift sentiment, particularly as several overseas delegations were scheduled to participate. Meanwhile, stones below 0.30 carats were steady, while suppliers to luxury brands were reportedly focused on source verification and supply assurances. The high-end market was doing well, with premium diamond products attracting significant demand.
Diamond Dealers in Hong Kong
Diamond market had experienced a decrease in activity following the excitement of the March gem and jewellery shows. Sales were reportedly becoming more challenging, particularly as Chinese buyers had already acquired enough inventory for the time being. The mainland retail sector was also observed to be seasonally slow. However, tourists' return to Hong Kong boosted market sentiment, leading to a positive outlook for the coming months.
If you want to stay up-to-date with the latest news and trends in the diamond industry, staying connected with Anita Diamonds could be a great way. As a leading player in the diamond market, Anita Diamonds provides a wealth of information and insights into industry developments, pricing trends, and other important news affecting the diamond trade.
