Good momentum as Mastercard reports holiday jewelry sales +1.8%, driven by +8.8% growth in e-commerce. General retail +3.4%. Mall traffic down but more people buying. Stores focused on creating unique customer experience. Tiffany & Co. holiday revenue up 1% to 3%, with strength in China and improvement in Europe and America. Polished trading slow as dealers close for Christmas-New Year. Diamantaires preparing for post-season demand, but manufacturers cautious about raising factory production. Lower rough supply, tech-driven efficiency and ethical sourcing to shape diamond industry in next decade. Rapaport wishes everyone a happy, healthy, prosperous and peaceful New Year.