Market quiet. US and India retail seasonally slow. China slump continues. G7 sanctions causing confusion. Weak demand for round, 0.30 to 2.99, J-L, VVS-VS diamonds. Fancies slow. AGTA bans sales of synthetic stones at its shows. UK regulator censures Skydiamond for calling its synthetic diamonds “real.” Rough dealers struggling to make premiums on 3-grainer and larger De Beers goods after buying them at high prices. Stargems to acquire Petra’s Koffiefontein mine. US inflation rises to 3.5% in Mar. Oval brilliant, 55.55 ct., D-flawless diamond sells for $5.8M ($103,986/ct.) at Sotheby’s Hong Kong. Martin Rapaport and Sarine CEO David Block to host source certification webinar on Tue., April 16, at 11 a.m. EDT.
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