Market recovery cooling in small sizes. Inventory of 0.30 and 0.40 ct. rising after manufacturers increase production, causing downward price correction. Demand for 2 ct. and larger goods steady. US retail and wholesale solid, with rounds outperforming fancies. Indian manufacturers reducing rough purchases ahead of one-month Diwali shutdown. Anglo American nearing sale of De Beers, with Botswana due to get approx. 25% stake; Signet and Richemont reportedly in talks to join Gareth Penny’s bidding consortium. LVMH 3Q jewelry and watch revenue (Tiffany, Bulgari) +8% YOY to $2.8B. David Webb owner Middle West Partners buys Lugano Jewelry. Israel bourse reaches tax deal with govt.
Market Comment
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Market Comment: October 15, 2026
Market recovery cooling in small sizes. Inventory of 0.30 and 0.40 ct. rising after manufacturers increase production, causing downward price correction. Demand for 2 ct. and larger goods steady. US retail and wholesale solid, with rounds outperforming fancies. Indian manufacturers reducing rough purchases ahead of one-month Diwali shutdown. Anglo American nearing sale of De Beers, with Botswana due to get approx. 25% stake; Signet and Richemont reportedly in talks to join Gareth Penny’s bidding consortium. LVMH 3Q jewelry and watch revenue (Tiffany, Bulgari) +8% YOY to $2.8B. David Webb owner Middle West Partners buys Lugano Jewelry. Israel bourse reaches tax deal with govt.