Trump landslide victory will create unprecedented restructuring of the world order. The US economic, social and political landscape will turn 180 degrees. Everything is going to change, mostly for the better, with improved confidence and increased luxury consumer spending. Stock market rallying, dollar rising and gold price dropping. Duma Boko wins Botswana presidential election and signals warmer relations with De Beers as sales deal remains unsigned. US and India retail steady. China slow. US dealers buying less during India’s Diwali shutdown. 1 ct. RAPI -1.5% in Oct. but stabilized in second half of month. Rough demand weak at De Beers’ Nov. sight, with prices unchanged.

Duma Boko’s election appears to be a positive development for De Beers and the industry, but uncertainty remains.

September trade statistics point to continued stabilization of inventory.

In the final Instagram Live of a five-part series, GIA’s Wim Vertriest will answer thought-provoking questions from our audience.