Polished market improving, with suppliers selling at lower prices to generate liquidity. Rough trading cautious as high rough prices and weak polished continue to squeeze midstream profits. Shortages of top-make goods due to reduced manufacturing, but large inventory of leftover lower-quality diamonds. Chinese government reports retail sales +9% during 7-day Lunar New Year holiday. High-end luxury robust as Boucheron owner Kering sees strong growth in US and Asia. NRF expects jewelry to top list of Valentine’s Day gifts. Alrosa Jan. sales -44% to $282M. Belgium Jan. polished exports -4% to $777M, rough imports -33% to $727M. Rapaport announces Trade Mission to Surat April 8-11.