Larger diamonds, 3.0 cts and above, are in high demand, according to traders at the IIJS Premiere 2023.
Other fancy shapes including marquise, emerald, pears, and ovals are also common. Round pricing have fared worse than fancy prices, which have dropped by 30 to 35 percent since February.
By the time the six-day event concludes on August 8, the biggest industry expo after JCK, organizers anticipate $5.9 billion in sales.
According to Akshay Shah, director of sales for solitaires at Dharmanandan Diamonds, “there is a noticeable demand for large stones, which are carat plus diamonds, and small diamonds below 50 points.”
Prior to Diwali in November and the wedding season from November to February, buyers reported feeling upbeat.