United States: Jewellers are focusing on the holiday season, and the market has expectations for holiday season sales, but expectations are not satisfactory. Retailers mainly focus on stocking up. Round diamonds with 1 to 2 carats, H-J color, and SI2-I1 clarity are under competitive pressure from synthetic diamonds. The performance of irregular drills is better. Dealers are looking for lower priced goods from Indian manufacturers.
Belgium: VS and higher purity products have good market liquidity, while SI grade products have weaker performance. The irregular diamond market remains stable. The demand is mainly concentrated on 3X grade products without fluorescence. The performance of the rough diamond market is relatively slow. Traders hope that the two month ban on Indian rough diamond imports will help the global market.
Israel: During the Gaza War, the exchange was very quiet. Small companies are in trouble. The market is weak and prices are falling. Industry members are saddened by the loss of family and friends due to Hamas's terrorist attacks and ongoing war.
India: The factory in Surat is preparing for Diwali Festival, but the sales office may remain open. After the price drops, some VVS and VS level products have orders. During weddings and holidays, domestic consumers support the market. Market sentiment is weak as sellers lower prices to close deals. Synthetic diamonds in the laboratory have affected the market's demand for natural diamonds.
Hong Kong: Due to the weak regional economy, the market is relatively quiet. The price is on a downward trend and sales are difficult. Under the influence of government stimulus spending, local consumer demand has slightly rebounded in preparation for holidays, but demand in mainland China is weak.
