Market steady. Round prices stable, with select categories firming amid tight supply. US wholesale quiet during extended July 4 holiday period and start of summer. Round, 1 to 1.99 ct., F-J, VS-SI diamonds showing early signs of demand recovery. De Beers significantly cuts rough prices at July sight, especially for goods under 0.75 ct. (3-grainers), to align with market; miner trims sightholder list from 70 to 45-50 at first sale under new contract. India’s Titan fiscal 1Q jewelry sales +39% YOY, with mid-30s growth percentage for studded pieces. Three candidates running for WFDB president at World Diamond Congress in Singapore (July 12-15). |
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