Tariffs disrupt diamond markets Diamond prices fell in many categories in August as the US tariffs impacted demand for Indian goods. Prices of rounds weakened, though fancies were stable. Deep uncertainty dampened sentiment. US retail and wholesale were steady. The RapNet Diamond Index (RAPI) for 1-carat goods — reflecting round, D to H, IF to VS2 diamonds — fell 1.1% in August. The index for 0.30- and 0.50-carat stones declined 3.8% and 3.9%, respectively. Larger stones continued to outperform smaller items, with the 3-carat RAPI increasing 0.4%. US President Donald Trump implemented 25% duties on Indian goods from 1 August and 50% from 27 August. Goods already in America became more desirable than those overseas. The gap in asking prices between US- and India-located inventory on RapNet grew to around 16% in 1-carat commercial goods, from the usual 10% to 12%. The differential still does not reflect the entire tariff. The levies have shaken up supply chains that developed over many years. Companies have sought low-duty routes and loopholes and relocated inventory to the US. The uncertainty has made it hard to plan and invest in long-term solutions. On 29 August, the US Court of Appeals for the Federal Circuit declared most of the tariffs illegal. The duties remain in place until October 14. A Supreme Court battle is likely. Rough demand weakened as manufacturers reduced production. De Beers customers refused large quantities of goods at its August sight, since the miner’s prices were higher than the open market’s. Bulk sales have flooded the market with low-value rough. US retail was in decent shape ahead of the holiday season, with solid demand for 2-carat and larger rounds and elongated fancies. Independent jewellers sought merchandise on memo. Major retailers continued to shift to synthetics in fashion jewellery and took a cautious approach to holiday purchases. Indian retail gained importance in light of the US tariffs and China’s ongoing downturn. Trading was strong at Mumbai’s India International Jewellery Show (IIJS). – Rapaport

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Diamond Slump Slows Namibia's Economy - IDEX Online Diamond Slump Slows Namibia's Economy  IDEX Online

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The primary driver for lab-grown diamond popularity is their significantly lower price. Natural diamonds also don't hold value well in the used market, diminishing their appeal as an investment and making affordability a dominant factor over ethics for many. #DiamondMarket 2/6

2/ Globally, LGDs are 30% of diamond sales. In the US, 1 in 5 engagement rings is lab-grown. Prices have crashed - ₹3 lakh pieces now cost ₹30,000. India’s still gold-first, but change is coming. #DiamondMarket #FastFashion

Global Lab Grown Diamond Market Scope And Growth Drivers 2031 Lab Grown Diamond Market, including historical market sizes from 2019 to 2022 and forecasts for 2024 to 2031. The market is estimated to be valued at USD 24,000 Million in 2023 and is projected to gro...

💎 Explore the booming Lab Grown Diamond Market 📈—valued at US$ 24 Billion in 2023, projected to hit US$ 59.2 Billion by 2031 with a 9.6% CAGR! Get insights, trends & forecasts in our latest report.

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Diamond slump to hold back Namibia’s economic growth - Miningmx Diamond slump to hold back Namibia’s economic growth  Miningmx

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Debmarine faces turbulent times CHAMWE KAIRA  Debmarine Namibia, the country’s largest taxpayer, faced a difficult year in 2024 due to falling international diamond prices and weak economic conditions in major markets such as the US, China, and India. The market instability forced the company to reduce its diamond production and shorten its market forecast window from two years to just two months. Debmarine presented the global outlook and its impact on natural diamond demand to stakeholders in Windhoek recently. Chief executive officer Willy Mertens said the global growth outlook remains stable but noted that US tariffs continue to create uncertainty.  He said there was a slight improvement in growth forecasts following Donald Trump’s election win. “There is uncertainty relating to US trade tariffs weighing on the economic outlook,” said Mertens. According to him, the US economy is performing well, but tariffs are a risk to 2025 growth. Mertens disclosed that US growth was stable and the holiday season was reasonable and that there was record Valentine’s Day jewellery spending expected. Mertens noted that there is steady real income growth and a resilient labour market with a low risk of recession. But he noted that tariffs pose a risk to 2025 growth. He went on to say that the outlook for China remains weak for the near and medium term and added that there is a high downside risk stemming from US tariffs. Mertens added that consumer confidence remains low, despite stimulus, and said no near- or medium-term consumer demand recovery is expected. He disclosed that the Indian economy is expected to see growth pick up in 2025. The Indian economy saw a slowdown in the second half of 2024, but growth is expected to pick up in 2025. When it comes to China, Mertens says destocking resulted in growing inventories and low demand. He said lower rough supply has supported midstream to reduce inventory levels in absolute terms. “Despite a positive holiday season, retailers are reportedly delaying restocking, slowing the normalisation of midstream inventory levels,” Mertens said. Regarding the impact of Russia (Alrosa) and Sodiam (Angola), Mertens said Alrosa saw a 10% price reduction in December 2024. Sodiam saw price reductions of 30% to 55%. Debmarine Namibia remains the single largest contributor to government revenue (excluding SACU receipts). Debmarine has contributed N$15 billion to Namibia from the period 2020 to 2024. The impact of challenging market conditions on earnings before interest, tax, depreciation, and amortisation (EBITDA) over the past two years has cost Debmarine N$7.1 billion. In 2022, the company paid N$5.9 billion in taxes and royalties, while in 2023, N$6.2 billion was paid, and in 2024, N$1.5 billion was paid.

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Synthetic Diamond Market: Rising demand for cost-effective, high-quality diamonds in industrial applications and jewelry boosts synthetic diamond production globally.
www.reportprime.com/synthetic-di...
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Unlock Diamond Market Credit Card Charges Secrets Learn how to navigate Diamond Market Credit Card Charges, reduce fees, and make smarter purchases with tips on rewards, protection, and negotiation strategies.

💳 Navigating the world of diamond purchases? It’s thrilling yet financially complex! Credit card charges can add up, impacting your overall cost. Let’s break down these fees and find ways to make savvy, cost-effective decisions.
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