US retail steady ahead of Mother’s Day. 2 ct. and larger rounds and long fancies moving well as high-end spending continues. Larger US wholesalers outperforming small ones due to better access to sought-after goods. Production cuts supporting market, especially in larger and higher-quality diamonds. Indian manufacturers slowing down for May summer recess. Dealers estimate low sales at this week’s De Beers sight as miner keeps prices steady. De Beers 1Q consolidated sales +25% YOY to $648M as Jan. price cut stimulated demand. Focus shifting to JCK Las Vegas (May 29-Jun. 1). Sotheby’s sells round, 28.88 ct., D-flawless diamond for $2.7M in Hong Kong. David Block steps down as Sarine CEO.

Current and former members of the diamond industry are vying to acquire the miner. How will the sale impact the market?

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