Discounts narrow in smaller goods. Prices up for -2 polished amid strong demand and limited supply. De Beers cuts sightholder list by 30% for contract period starting Jul. 1. Reports of price increases in large rough at De Beers Mar. sight. Alrosa reports 6%-9% rise in 2 to 10 ct. rough prices since Jan. 1. Okavango auction sees price jump in high-quality, 5 to 9 ct. rough. 2 ct. and larger polished stable and in short supply. Canada’s Diavik mine ends production after 23 years. Blue Nile reportedly deprioritizing synthetics. Indian market quiet amid slow orders and religious holidays. THE RAPAPORT PRICE LIST WILL NOT BE PUBLISHED ON APR. 3 DUE TO THE PASSOVER HOLIDAY.

Three scenarios could take shape as the world’s most promising diamond market faces a new challenge from synthetics.