Rough market cools slightly as De Beers raises prices an average 2% to 3% at $530M June sight. De Beers limiting supply to support prices and align with sluggish polished sales. Hong Kong show begins with rising expectations for Chinese demand, after Las Vegas demonstrated cautious and changing US market. Declining mall traffic and popularity of custom-made bespoke jewelry impacting jewelers’ inventory needs. Christie’s NY Magnificent Jewels auction fetches $26.1M (83% by lot), with Harry Winston buying 18.04 ct. “Rockefeller Emerald” ring for $5.5M ($305,516/ct.). Swiss watch May exports +9% to $1.7B. India May polished exports +4% to $2.1B, rough imports +22% to $1.9B.