Sentiment improving with steady Chinese and Indian jewelry sales. High hopes that September Hong Kong show will reflect Chinese improvement. US retail market challenging as jewelers adjust to changing consumer trends. Polished suppliers under pressure with increased inventory and tight profit margins. Diamond buyers conservative and asking for lower prices during slow summer trading. India’s Titan Company 1Q sales +42% to $635M, profit +97% to $37M. Sarine 2Q revenue -13% to $18M, profit -47% to $3M. Lucara 2Q revenue -43% to $80M, profit -30% to $32M. Belgium July polished exports -1% to $1B, rough imports -14% to $777M. Patrick Evans named CEO of Dominion Diamond Corp.