Trading cautious, with buyers purchasing for specific orders. Iran tensions weighing on industry despite ceasefire. Split between large and small goods here to stay, but prices of 0.30 to 0.89 ct. rounds stabilized since Apr. 1. Mar. RAPI for 0.30 ct. -1.1%, 0.50 ct. -3.5%, 1 ct. -1.7%, 3 ct. -0.5%. Three bidders circling De Beers ahead of Apr. 16 offer deadline: Gareth Penny, backed by Antwerp sightholders; Diacore’s Nir Livnat; and mining investor Michael O’Keeffe. Belgium Mar. polished exports -17% to $357M, with rough imports +2.5% to $312M. LVMH 1Q watch and jewelry sales -2% YOY to $2.9B due to currency impact. Kering 1Q jewelry revenue +14% YOY to $317M amid strength at Boucheron.

Diarough and Pluczenik will provide funding in return for a share, insiders say.