Prices of rounds stable; mixed trend in fancies. Market steady, but future uncertain as Indian production resumes. Polished inventories down due to lower production, but oversupply is a concern if manufacturers buy too much rough. US holiday sales supporting B2B demand for round, 1 to 3 ct., F-I, VS-SI, 3X diamonds. Indian sellers asking for higher prices, but clients only willing to buy when purchasing for specific orders. Alrosa 3Q revenue +55% YOY to $874M, Interfax estimates. Rough prices recovering at auctions and tenders, with Petra Dec. prices +19% from Sep.-Oct. Some sightholders expect price drops at De Beers Jan. sight, as miner needs revenue following 2H losses. US Oct. polished imports -21% to $1.5B.

Nicholas Moltke came on the Rapaport Diamond Podcast to explain why now is the right time to launch Botswanamark, the former De Beers executive’s single-source brand targeting US consumers.

New York-based Jennifer Leitman Bailey has a deep love and enthusiasm for jewelry, but she’s all business when determining fair market value for her clients’ pieces.

In this first half of a two-part series, we explore some of the American Gem Trade Association’s key achievements.