Liquidity improving due to strong sales in India at lower prices. Dealers grabbing bargains and hoping market won’t fall much further. US retail uncertain, with fancies selling better than rounds. Macy’s reports faster-than-expected rise in credit card defaults. Hong Kong dealers confident Chinese jewelers will buy at Sept. 18-24 show, since demand has built up. India July polished exports -39% to $1.2B, rough imports -44% to $1.1B. Israel July polished exports -31% to $204M, rough imports -46% to $106M. Letšeng 1H sales -28% to $72M, average price -21% to $1,373/ct. Wildfires threaten workforce at Canadian mines. Lucara finds 692ct. rough at Karowe.

Manufacturers, dealers and jewelers overbought during positive periods, ignoring the lessons of previous up-and-down cycles.

Even with increasing sales, store owners remain wary of buying synthetic diamonds for stock.

Featuring a six-year-old jewelry entrepreneur and a look at museum thefts.