DTC Nov. sight estimated at $500M.  Average premiums now at about +4%. Cutters expect continued resistance to higher polished prices. Growing concern for holiday season as U.S. retailers hold back from restocking inventory.

Indian retailers report strong Diwali jewelry sales as gold reaches record ($1,425/oz). Russian cutters warn Surat to stay away from Gokhran rough stockpile. Zimbabwe grants licenses for three new Marange concessions to Sino-Zimbabwe, Anjin, and Pure Diamonds. Bidz.com 3Q revenue -12% to $22M, loss of $614K vs. loss of $58K. L J Int’l 3Q revenues +36% to $36M, net income +332% to $5M. U.S. Sept. polished imports +19% to $1.5B, polished exports +19% to $1.2B. RAPAPORT CERTIFIED DIAMOND AUCTION LIVE ON THE INTERNET AT www.rapaport.com/certauctions.