Welcome back to the Diamonds Hatton Garden blog where we bring you the latest from our Hatton Garden jewellers. When looking for loose diamonds for diamond engagement rings, diamond tennis bracelets or a pair of beautiful diamond earrings it is important to understand how the global diamond market influences the retail price.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.
Across the fancy shape – a fancy cut diamond being any shape other than a round brilliant – we have noticed that the prices are firming across most sizes and categories amid shortages and coupled with growing fancy demand. Retailers worldwide are continuing to offer wider product ranges as consumers seek alternative shapes. Dealers are seeing increased sales of fancy-shape diamond engagement rings as consumers forgo the round brilliant. At Diamonds Hatton Garden we have seen a rise in orders for Ovals, Pears, Emeralds, Princesses, long Radiants and Marquises.
Over in the United States our sources report active trading despite a two-week summer holiday period.There remains a good demand for round, 1 to 2 ct., G-J, VS-SI diamonds. 2 to 3 ct. ovals and emeralds are becoming increasingly popular.
In Europe, Belgium reports positive sentiment and steady movement of 1 to 2 ct., D-H, VS-SI2 goods. 3 ct. slightly weaker as the larger sizing and pricing may prove restrictive for potential buyers. Dealers looking for international exposure at trade shows again after past year’s focus on local market and online trading. Fancy cut shapes are selling well; amid steady demand from European jewelers. More goods are becoming available as the rough market maintains strength from the beginning of the year.
In the Middle-East,we can report that in Israel the polished activity is seasonally slow and is linked to many US buyers being on holiday. Prices are firm amid supply shortages, and there is a solid demand and high rough costs. Fancy shapes are increasing in price, particularly in H-I colors. As with global demand, there is a robust market for ovals and pears. Princess cuts are making a comeback and will feature in our next blog that explores the history of the Princess cut.
In India the market maintains an upward trend that is being pushed by strong US and Chinese demand. There is a steady movement in rounds and fancies generally 1.50 ct. and larger. Lower clarities (I1 and below) are popular as consumers look to obtain value for money. Ovals and pears are selling well as within all major territories.
Finally, in Hong Kong: our wholesale sources report seeing a seasonal lull which is understood to be linked to Chinese investment and demand being more focused on gold rather than diamonds. However, there is solid interest in 1 to 1.50 ct., D-M, SI diamonds, especially in lower colors (J-M).
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.