Swatch's H1 net sales fell 7% in another weak period as the company failed to address changes in demand from China. Jewelry & watch sales plummeted 12.5% YoY despite double-digit growth in N America. US growth focused on mid-lower-tier brands. ⌚️

professionaljeweller.com/lab-grown-diam… via ProfessionalJeweller

A weekly recap of the market, anybody? linkedin.com/posts/edahn-go…

Botswana Wants Majority Stake In De Beers: Report jckonline.com/editorial-arti… via JCK Magazine

Diamonds from Antwerp will be subject to a 15% tariff in the US, though may fall under a zero tariff category, such as some drugs or agricultural items. The final details have still to be worked out. Earlier, the EU decided not to impose import tariffs on US diamonds.

No clear answer, as much as some thoughts. Recommended read. rapaport.com/news/does-the-…

🎗️Edahn Golan Además, U.S. es el principal consumidor de Diamantes♦️seguido de China y en menor grado India. Aranceles impuestos por la administración Trump, impacta en los commodities de la UE.

🎗️Edahn Golan It seems that IGI will gain market share from its peers. Would you disagree? Is there anything different at the ground level?

Breaking: The US would impose 25% tariffs on imports from India, Trump announced, plus a penalty tariff for India's purchases of Russian oil. If final, this a major blow to india's #diamond industry.

Trump reduces tariffs on Israel from 17% to 15%. It is not clear yet if diamonds will be exempt. Current tariffs on #diamond centers include: India 25% Israel 15% Angola 15% Botswana 15% Namibia 15% DRC 15% Belgium (EU) 0%-15% UAE 10% Switzerland 39%

So don't expect them to buy engagement rings with natural diamonds

Weaker consumer demand and an accumulation of inventory have led De Beers to reduce its mining output in 2025 so far. In H1 2025, production is down 23%.

Tenoris Diamond Retail Sales Dashboard: Week Ending August 3, 2025. The average price of 1.50 rounds H/SI continued to rise. The overall market was down at the end of July. PDF available on LinkedIn and my Telegram channel.

That snowball is starting to roll.

Polished diamond prices are firming up in the wholesale market. Both at trade and retailer costs. Consumer prices are starting to rise too. Rough prices stable. The #diamond supply chain is waking up.