Polished prices down amid slow retail demand in US and China. Conference Board reports 7% drop in US consumer confidence for Aug. Prices on Pears Price List now same as rounds in seven categories. Fluorescent diamonds seeing deep discounts. De Beers Aug. sales -42% to $370M at smallest sight since Dec. 2021. Melee moving better than larger goods. Petra prices up 1% to 2% for under-2 ct. rough at Aug. tender; prices of 2 to 10.8 ct. goods fall 14%. Okavango Aug. sales -55% month on month to $49M. Signet 2Q sales -8% to $1.6B, profit -48% to $75M. G7 and industry discussing tighter restrictions on Russian diamonds. Rolex dealers concerned about business as brand buys retailer Bucherer.

The situation in the market is serious. This webinar on September 13, presented by Martin Rapaport, will analyze the future of diamonds. What should a jeweler, dealer, manufacturer or miner do to prosper in the years ahead, and what will be the long-term impact of synthetics?