Sentiment weaker as Indian inventory builds upand prices drop in 0.30 to 0.69 ct. rounds. Prices of 1 to 1.49 ct. stable to soft. De Beers sight sees low volumes and steady prices, with attention on sale of the company as talks reach crunch. Dubai Diamond Conference outlines vision for natural industry, focusingon investment-led growth. JGT Dubai show sees good trading despite lower foot traffic, with serious buyers attending. Kering 3Q jewelry revenue +12% YOY to $268M; jewelry brands continue to outpace diamond trade. Luk Fook fiscal 2Q retail sales value +8% YOY; Chow Tai Fook -0.5%. India prepares for Diwali, with sales offices to close for a week and factories for 15 to 30 days.
Market Comment
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Market Comment: October 29, 2026
Sentiment weaker as Indian inventory builds up and prices drop in 0.30 to 0.69 ct. rounds. Prices of 1 to 1.49 ct. stable to soft. De Beers sight sees low volumes and steady prices, with attention on sale of the company as talks reach crunch. Dubai Diamond Conference outlines vision for natural industry, focusing on investment-led growth. JGT Dubai show sees good trading despite lower foot traffic, with serious buyers attending. Kering 3Q jewelry revenue +12% YOY to $268M; jewelry brands continue to outpace diamond trade. Luk Fook fiscal 2Q retail sales value +8% YOY; Chow Tai Fook -0.5%. India prepares for Diwali, with sales offices to close for a week and factories for 15 to 30 days.