News: Trading seasonally quiet during summer lull. Lack of sales to Far East weakening sentiment, with US demand supporting market. Increasing concern about impact of inflation and higher interest rates on mid-income consumers. Holiday outlook positive. Manufacturers maintaining lower production due to slowdown in orders. Polished trading sluggish. Rough prices stable at De Beers sight; premiums drop to around 2% on secondary market, leaving little room for profit. Gem Diamonds 1H revenue -4% to $100M, average price -7% to $1,745/ct. Brilliant Earth 2Q sales +18% to $109M. Sarine launches automated in-factory grading. Pandora to roll out lab-grown collection in US on Aug. 25.

Soaring costs and reduced discretionary income are raising concerns in the diamond trade.

While consignment can be a touchy subject for jewelry creators, both they and their retail clients can benefit if there are firm and respectful guidelines in place.

Tech pioneers have their work cut out for them in a traditionally old-school sector.