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October 2026

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Market Comment

The diamond trade’s trusted bulletin for pricing, trends and news

Weekly since 1980

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.

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