Anglo American to sell off or IPO De Beers; BHP’s $43B second offer for Anglo rejected. Diamond market slow. India April polished exports -17% YOY to $1.2B, rough imports -19% YOY to $1.2B. Round prices falling in IF-VS1; SIs rising. GemGenève weak, with reduced sales and attendance. Focus shifts to Las Vegas. De Beers cuts Lightbox prices by up to 40%. Geneva Magnificent Jewels auctions: Christie’s raises $54M, selling pear modified brilliant, 202.18 ct., fancy-intense-yellow SI1 for $6.7M ($33K/ct.); Sotheby’s totals $34M, including round-cornered square brilliant, 37.61 ct., E, IF diamond for $4.3M ($114K/ct.). Brilliant Earth 1Q sales flat at $97M.
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