Mixed expectations for the holiday season. US jewelry sales steady, but economic uncertainty affecting sentiment. IMF lowers 2023 global growth forecast due to China slowdown, Ukraine war and inflation pressure. Jewelry outpacing other luxury sectors, says Mastercard. LVMH 3Q jewelry and watch revenue +25% to $2.6B. Diamond trading slow. Manufacturers holding enough inventory ahead of Oct. 24 Diwali break. Rough market cautious. Sotheby’s HK sells cushion, 11.15 ct., fancy-vivid-pink Williamson Pink Star for $58M ($5.2M/ct.). De Beers CEO Bruce Cleaver to be co-chairman in 2023; Al Cook of Equinor ASA to become CEO. Rapaport offices will be closed Oct. 17-18 for Jewish holidays.

On the 10th anniversary of the International Day of the Girl, Iris Van der Veken, executive director of the Watch and Jewellery Initiative 2030, urges the trade to play a stronger role in promoting equal rights and representation for women.