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. Our weekly report examines the global diamond market for both loose white diamonds and loose fancy coloured diamonds and details from mine to shop current pricing and demand.
As we enter July the US market seems to be strong pushing a confidence as polished loose diamond prices continue to move upward with good demand coupled with supply shortages. The high rough prices are supporting discounts as the trade expects a Q3 seasonal lull but remains optimistic for holiday season.
The market for loose fancy diamond and loose fancy coloured diamonds for sale, and there is stability in prices across sizes. Consumers continue to seek different shapes from the most popular round brilliant. We have just published a new blog on the history of the round brilliant cut should you wish to explore the evolution of this most fascinating of shapes. Diamond dealers report seeing increased sales of fancy-shape diamond engagement rings with a rise in orders for Ovals, Pears, Emeralds, Princesses, long Radiants and Marquises. Interesting, this increase in popularity has led to both Ovals and Cushions closing the price gap with Rounds. Oversizes trading at higher prices than usual. Excellent cuts popular and commanding prem
Across the pond in The United States the mood is optimistic and the market is steady Suppliers, much like Diamonds Hatton Garden, with inventory are in finding themselves in a strong position.
In Belgium, the trade in polished diamonds remains robust following on from a strong Q2. There has been an increased focus on supplying the US and mainland China markets. Within the auctions, there is a strong demand for roughs and high bidding at tenders.
In Israel, the bourse is bustling as suppliers look to fill strong US orders. Our sources report that 1 to 3 ct. diamonds are moving steadily; the lower the clarity, the better the market is responding. Dealers are a bit concerned about rising prices but need inventory to satisfy client requests.
As we move to India we find that the general sentiment is positive. There is a stable demand from both the US and Hong Kong leading to a high turnover of goods. Strong movement, like in the US. in 1 ct. and larger diamonds continues steadily. Manufacturing capacity is gradually rising as Surat workers return after traveling home during peak of coronavirus outbreak.
Finally, in Hong Kong dealers are gaining confidence amid hopes that Chinese border will finally reopen this summer. Trade with the mainland at this current time remains difficult as travel amongst the island and mainland is still restricted. Polished prices are firm because of the limited supply from India and there is a solid interest in round, 1 to 1.50 ct., G-K, VVS-SI1 loose white diamonds.
We hope our look into the global diamond market is useful and, for any enquiries or advice, contact our team of family jewellers via info@diamondshg.co.uk or via +44 7951 060238.