US retail steady ahead of Thanksgiving and holiday season. US demand focused on 1.70 to 5 ct. rounds and fancies. Manufacturers shifting to long fancies. Indian trade cautious, with negative price trends in round dossiers, especially 0.50 ct. Rough prices strong in 5 ct.+ at Okavango sale. India Oct. rough imports -45% YOY to $385M. Namibia reportedly considering bid for De Beers minority stake. US agrees to cap tariffs on Swiss goods at 15% from unspecified date. Lugano Diamonds & Jewelry files Chap. 11. Geneva auctions disappoint: Sotheby’s withdraws cushion brilliant, 10.08 ct., fancy-vivid-pink diamond, with top emerald jewels unsold at Phillips. RJC names Purvi Shah executive director.

Downturn in small diamonds has hit manufacturer’s loose-stone business.

Join GCAL by Sarine for a real-world look at how GCAL 8X grading is helping independent jewelers build trust, elevate the sales conversation, and close more diamond sales. We’ll provide a high-level overview of 8X, the shapes currently supported, and what’s coming next — followed by a live Q&A with two leading retailers who have achieved consistent success with GCAL 8X in their stores: Randall Cole, CEO & COB, Diamond Vault of Troy, and Paul Cassarino, president, The Gem Lab.