Steady jewelry trading at Mumbai IIJS show lifts sentiment amid weak global demand. Positive outlook for domestic Indian market ahead of Diwali and wedding season. Local diamond sector slow, with manufacturing limited and prices falling. High end supporting US trade as middle-income spending remains low. Retailers buying on memo. Lucara finds 1,080 ct. rough at Karowe; 2Q revenue -21% to $41M, profit -60% to $5M. Brilliant Earth 2Q sales +1% to $110M, profit -67% to $1M. May US polished imports +18% to $2.6B in first YOY increase since Sept. 2022. IGI names Tehmasp Printer CEO as Roland Lorie steps down. Martin Rapaport to lead Sierra Leone trade mission from Oct. 15 to 20. Register here.

At the helm of a new era: The De Beers exec plans to make the World Diamond Council more accessible and heighten awareness of responsible-sourcing issues.