Market sentiment improving slightly as holiday season approaches. Diamond trading relatively weak as buyers uncertain if prices have bottomed out.Rio Tinto’s 3Q diamond production +5% to 3.7M Cts.
BHP Billiton’s FY1Q diamond production -32% to 313K Cts.
LVMH 3Q watch & jewelry revenue +9% to $893M. Christie’s NY sells $50M (87% by lot) as pear-shape, 50.52-carat, D-FL sells for $9.5M ($188K/ct.).
U.S. Aug. polished imports -22% to $1.3B.
India’s Sept. polished exports -39% to $1.5B, rough imports +44% to $1.4B.
Maxim Shkadov elected IDMA president. Ernie Blom elected WFDB president.
Courtesy Rapaport Trade Wire
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