Weekly snapshots

The most striking thing about week 15 isn't the inventory build or the price slide in isolation. It's both happening at once, with force. Active listings jumped 6.56% week on week to 27.25 million sto…

Nearly 3.9 million stones came off the market in week 14, the highest single-week off-market count across the seven weeks I've been tracking this cycle. At the same time, new listings fell to a seven-…

The number that stops me cold this week is the price-per-carat figure. $987.50, the first time the market-wide median has broken below $1,000 in this seven-week window, and down 8% from last week's $…

Off-market listings exploded this week. 1,325,050 stones left active inventory across the retailers I track, up from just 56,591 the prior week. That's not a rounding error. It's a 22x surge in a sing…

Off-market activity collapsed this week. Only 56,591 listings left the market across all the retailers I track, down 83% from last week's 338,873 and the lowest single-week exit figure in the seven-we…

Median price per carat hit $1,136 this week, a seven-week low and down nearly 24% from the $1,493 recorded back in W04. That's not a blip. It's a sustained compression that's been running since early …

The price compression this week is the story. Median price per carat hit $1,174.51, a seven-week low and down 12.3% from last week's $1,339.77. Median transaction price fell to $1,150, also the lowest…

The number that stopped me this week was 6.23 million new listings hitting the market in a single seven-day window. That's an 185% jump on last week's already-elevated count, and it pushed active inve…

2.19 million new listings in a single week. That's not a typo. Week 7 saw new listings arrive at nearly four times the pace of week 6, the biggest single-week intake across the seven periods I've trac…

The number that stopped me cold this week was 813,364 off-market listings. That's not a rounding error. Week 5 saw 145,053 stones leave the market; week 6 saw that figure jump by more than 460%. Combi…

The number that catches my eye first is off-market activity: only 145,053 listings came off the market in week 5, down 48% from the 279,060 we saw the week prior and the lowest single-week figure acro…

The quietest exit rate in four weeks is the most telling number from week 4 of 2026. Only 279,060 stones came off the market, down 35% from the prior week's 432,612 and the lowest off-market count acr…

New listings dropped 25% week on week, from 752,000 to 561,760, the lowest weekly intake across the three weeks I've been tracking 2026. That alone would be notable. But pair it with off-market depart…

The round brilliant's median new-listing price dropped to $900 this week, down 41% from $1,525 in week 1. That's a striking move on the market's highest-volume shape, one that accounted for 37.6% of a…

The first week of 2026 opens with a market that is, structurally, much larger than casual observers might expect. Over 9.18 million active listings carrying a combined value of roughly $29 billion is …