Market Comment

Trading slower during period between Rosh Hashanah and Yom Kippur. Market steady, with positive demand for 1 ct. and larger diamonds in rounds and long fancies.

Business picking up after the holidays. Mood more confident. Round, 0.30 to 0.50 ct. diamonds performing well. Large stones moving, supported by limited availability. Vicenza show strong for diamond jewelry and estate pieces.

Domestic activity low during religious holidays. Most dealer activity happening abroad, where business is steady despite seasonal lulls.

Local market quiet during Hindu and Jain festivals. Domestic retail demand healthy, with jewelers seeking quality diamonds. US demand for commercial goods and dossiers supporting overall activity. Fancy shapes recovering in small sizes. Indian buyers and sellers traveling to Jewellery & Gem World Hong Kong show.

Industry focusing on show. Few Chinese buyers present; visitors from India and southeast Asia driving traffic. Best items are round, 0.30 to 0.50 ct., and 3 ct. and larger, including fancy colors. Buyers insisting on clean goods. Oval and marquise diamonds in 2 ct. and larger moving well; square shapes and lower-quality small goods quiet as buyers turn to synthetics. Chinese market weak, with fair attendees focusing on observing trends rather than placing orders.