US seeing steady holiday trading in 1.20 ct. and larger rounds and long fancies. Vendors filling last-minute orders. High-end retail solid. Rounds under 1.19 ct. slow. American wholesale market more positive than Indian. Manufacturers shifting from short ovals back to round brilliants amid glut of less desirable ovals, raising possibility of oversupply in rounds. Long ovals still strong, especially above 1.70 ct. IMF warns Botswana against increasing De Beers stake. Sightholders refuse rough at De Beers Dec. sight; miner changes assortments for 2026, moving 8-grainers (2 ct.) out of beneficiation boxes. Watches of Switzerland fiscal 1H sales +8% YOY to $1.1B, profit +53% to $59M.

Select Belgian companies are increasing their local manufacturing — though many are still assessing the unpredictable situation.

Christie’s exec Max Fawcett dissects the state of spectacular diamonds.

The latest edition also looks at the Louvre heist, Surat’s diamond-industry crisis, and a shake-up in luxury department stores.