Welcome back to the Diamonds Hatton Garden blog where we bring you the latest from our Hatton Garden jewellers. We continue with our ongoing series and look into the latest developments within the diamond industry and share our insights.
Across the world lockdowns are beginning to be lifted which is fueling a certain sense of optimism within the market and is driven primarily by the US and China. However, with polished inventory levels diminishing there is a certain level of cautiousness.
We witness, within the loose diamond market, an upturn in popularity of alternative shapes at more affordable prices than rounds as consumers seek 1.25 to 3.99 ct., F-J, VVS2-SI2 fancies. Much like the end of last year, popular cuts include Ovals, Pears, Emeralds, Princess, long Radiants and Marquise.
Moving to the US, wedding bands and fashion-jewelry pavé settings. 1 to 2 ct., G-I, VS-SI diamonds for engagement rings performing nicely specifically within the ranges of 1 to 2 ct., G-I, VS-SI.
In Belgium there is a renewed sense of positivity as, despite an opening up the markets, there is still a certain degree of holding back. In particular, we notice a solid demand for 1 ct., E-G, VVS-SI1 loose diamonds.
In Israel, there is more of a focus on the US market as dealers seek to travel more frequently (with the lifting of certain travel restrictions) to meet clients.
The deteriorating situation in India has had a noticeable effect on trading and manufacturer as new lockdowns are imposed across the country. Supply shortages are beginning to emerge, especially in -2 small goods.
Finally, the Hong Kong market is showing strong retail sales as Covid-19 cases fall and employment levels rise.
At Diamonds Hatton Garden, we remain committed to our clients and offer our full support. Whether it is a beautiful diamond engagement ring or loose fancy coloured diamonds, our team are on hand to help. Contact us via info@diamondshg.co.uk or on +44 7951 060238.