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2,395,362 new listings entered the market in week 36, almost double the prior week's 1.2 million and a record high across the seven weeks I've tracked. Natural diamonds drove the bulk of the surge: new supply rose 225% from the prior week to 1,224,961 stones, briefly edging past …

The most striking thing about August is the split between scale and price. Total inventory value crossed $113 billion for the first time in the seven months I've been tracking it, a 15% jump from July's $98.3 billion. But the median price per carat fell to $937.50, its lowest poi…

The delisting surge is the headline for Q2. 21.7 million listings came off the market across the retailers I track, up 254% on Q1's 6.1 million. New listings fell simultaneously, dropping 16% to 21.2 million. The market didn't slow; it rotated hard, cycling out old inventory fast…