Sight 9 closes today with no public read, and the month's awaited test passes to the October RAPI

Quotes still sit where September's RAPI left them, with the 0.50-carat index up 2.5% for the month against just 0.3% at 1 carat, so the firmness is still concentrated at the small end and the larger goods are barely moving. There is nothing to requote this morning, and no fresh price list, sight result, or tender has landed to shift inventory valuations since the September reading.

De Beers Sight 9 closes today, October 30, the event the desk has been waiting on all month to break the quiet run. It looks set to pass without a public signal, since De Beers no longer publishes sight values and no sightholder account has surfaced this week, so even the close leaves the board where September left it. Our read is that quotes stay anchored to September's RAPI until the October RAPI, expected in early November, which is now the first dated print that can actually move the list.