Diamond market quiet over Passover and Easter holidays. Slow trading also reflects US economic caution as polished prices continue to decline: 1 ct. RAPI -1.6% in March. China recovery fueling industry optimism, but activity still not at pre-pandemic levels. Hong Kong’s TSL expects $9M loss for fiscal year that ended March 31, cites Covid-19 disruptions. LVMH 1Q watch and jewelry sales +11% to $2.9B, group +17% to $23.2B, driven by rebound in Asia. Titan Company FY4Q jewelry sales +23%. Rough market sluggish but slightly better than 1Q. De Beers March sales -5% to $540M. GIA joins Tracr blockchain; institute reverts to printed dossiers after trade pushback on switch to digital.

As negotiations with the government continue, there are Debswana projects that require financial input now.

In the third and final episode of the “Fast-Tracking the Future” series, sponsored by the International Gemological Institute (IGI), we look at how the grading sector is developing. With reports going digital and incorporating origin information, panelists will explore what consumers want from labs, and whether the latest innovations will help the industry become more transparent and sustainable.

Dealer Brad Wilson reflects on a motif that’s been popular in jewelry for centuries.