Near-term rough diamond trading is subdued
Demand for the full impact of the tariffs has yet to be seen In the recently released DeBeers Interim Financial Results for 1H 2025, DeBeers view the market and also talk about market Outlook. By viewing Markets DeBeers said, rough diamond trading conditions remained challenging in the first half of 2025 as both the diamond midstream and downstream adopted a cautious approach to restocking amid broader market uncertainty, coupled with continued surplus polished inventory in the midstream. While a stabilisation of polished diamond prices in the first quarter of the year temporarily supported an improvement in industry sentiment, polished trading slowed again in the second quarter amid increased uncertainty surrounding US tariffs announced in April. Although wholesale rough and polished diamond trading conditions remained difficult, consumer demand for diamond jewellery was broadly stable in the first half of the year. Demand in the US held steady y...