diff --git a/.gitignore b/.gitignore
index 598ed49..3a7e6fe 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1 +1 @@
-SOURCES/watchfiles-0.20.0.tar.gz
+SOURCES/watchfiles-1.0.3.tar.gz
diff --git a/.python-watchfiles.metadata b/.python-watchfiles.metadata
index 9b5776e..4ac6ee3 100644
--- a/.python-watchfiles.metadata
+++ b/.python-watchfiles.metadata
@@ -1 +1 @@
-5ee3164398a68c85a5e884c79fc4b326ec05c8ff  SOURCES/watchfiles-0.20.0.tar.gz
+349ef2faa7c55cca60c2135359c866b7fed0547d  SOURCES/watchfiles-1.0.3.tar.gz
diff --git a/SOURCES/318442aa2bfb38cf2fa81165ee1e3fe5aa70494b.patch b/SOURCES/318442aa2bfb38cf2fa81165ee1e3fe5aa70494b.patch
new file mode 100644
index 0000000..77e38d2
--- /dev/null
+++ b/SOURCES/318442aa2bfb38cf2fa81165ee1e3fe5aa70494b.patch
@@ -0,0 +1,23 @@
+From 318442aa2bfb38cf2fa81165ee1e3fe5aa70494b Mon Sep 17 00:00:00 2001
+From: "Benjamin A. Beasley" <code@musicinmybrain.net>
+Date: Thu, 2 Jan 2025 10:14:02 -0500
+Subject: [PATCH] Update notify from a 6.1.1 fork to 7.0.0
+
+- Fixes #312.
+---
+ Cargo.toml | 2 +-
+ 1 file changed, 1 insertion(+), 1 deletion(-)
+
+diff --git a/Cargo.toml b/Cargo.toml
+index 8f03606..dcd55ed 100644
+--- a/Cargo.toml
++++ b/Cargo.toml
+@@ -25,7 +25,7 @@ rust-version = "1.63"
+ 
+ [dependencies]
+ crossbeam-channel = "0.5.12"
+-notify = {git = "https://github.com/samuelcolvin/notify.git", branch = "keep-io-error"}
++notify = { version = "7.0.0" }
+ pyo3 = { version = "0.23.3", features = ["extension-module", "generate-import-lib"] }
+ 
+ [lib]
diff --git a/SPECS/python-watchfiles.spec b/SPECS/python-watchfiles.spec
index 66056c6..7b65212 100644
--- a/SPECS/python-watchfiles.spec
+++ b/SPECS/python-watchfiles.spec
@@ -1,15 +1,15 @@
 ## START: Set by rpmautospec
-## (rpmautospec version 0.6.5)
+## (rpmautospec version 0.7.3)
 ## RPMAUTOSPEC: autorelease, autochangelog
 %define autorelease(e:s:pb:n) %{?-p:0.}%{lua:
-    release_number = 5;
+    release_number = 1;
     base_release_number = tonumber(rpm.expand("%{?-b*}%{!?-b:1}"));
     print(release_number + base_release_number - 1);
 }%{?-e:.%{-e*}}%{?-s:.%{-s*}}%{!?-n:%{?dist}}
 ## END: Set by rpmautospec
 
 Name:           python-watchfiles
-Version:        0.20.0
+Version:        1.0.3
 Release:        %autorelease
 Summary:        Simple, modern and high performance file watching and code reload in python
 # The main source code is under the MIT license.  See the license field of the
@@ -19,8 +19,14 @@ License:        MIT
 URL:            https://github.com/samuelcolvin/watchfiles
 Source:         %{pypi_source watchfiles}
 
+# Use notify 7.0.0 instead of a fork of 6.1.1
+# https://github.com/samuelcolvin/watchfiles/pull/322
+# (We take only the commit changing Cargo.toml, not the one updating
+# Cargo.lock.)
+Patch:          %{url}/pull/322/commits/318442aa2bfb38cf2fa81165ee1e3fe5aa70494b.patch
+
 BuildRequires:  python3-devel
-BuildRequires:  rust-packaging
+BuildRequires:  cargo-rpm-macros >= 24
 
 %global _description %{expand:
 Simple, modern and high performance file watching and code reload in python.
@@ -32,16 +38,34 @@ Underlying file system notifications are handled by the Notify rust library.}
 
 %package -n python3-watchfiles
 Summary:        %{summary}
-# The main source code is under the MIT license.  This license field includes
-# the licenses of statically linked rust dependencies.
-License:        MIT AND Apache-2.0 AND CC0-1.0 AND ISC AND (MIT OR Apache-2.0) AND (Unlicense OR MIT)
+# The main source code is under the MIT license. This license field includes
+# the licenses of statically linked rust dependencies, based on the output of
+# %%{cargo_license_summary}:
+#
+# (MIT OR Apache-2.0) AND CC0-1.0
+# Apache-2.0 OR MIT
+# BSD-3-Clause
+# CC0-1.0
+# ISC
+# MIT
+# MIT OR Apache-2.0
+# Unlicense OR MIT
+License:        %{shrink:
+                MIT AND
+                Apache-2.0 AND
+                BSD-3-Clause AND
+                CC0-1.0 AND
+                ISC AND
+                (MIT OR Apache-2.0) AND
+                (Unlicense OR MIT)
+                }
 
 
 %description -n python3-watchfiles %_description
 
 
 %prep
-%autosetup -n watchfiles-%{version}
+%autosetup -n watchfiles-%{version} -p1
 
 # Remove unnecessary Python test requirements
 sed -e '/^coverage\b/d' \
@@ -52,6 +76,10 @@ sed -e '/^coverage\b/d' \
 # Remove pytest timeout config
 sed -e '/timeout =/d' -i pyproject.toml
 
+# Remove "generate-import-lib" feature for pyo3; applicable only on Windows,
+# and not packaged.
+sed -e 's/\(pyo3.*\), "generate-import-lib"/\1/' -i Cargo.toml
+
 # Remove unused Cargo config that contains buildflags for Darwin
 rm .cargo/config.toml
 
@@ -93,10 +121,13 @@ sed -e '/LICENSE/ s/^/%%license /' -i %{pyproject_files}
 
 
 %changelog
-* Sat Jan 04 2025 Arkady L. Shane <tigro@msvsphere-os.ru> - 0.20.0-5
+* Sun Jan 05 2025 Arkady L. Shane <tigro@msvsphere-os.ru> - 1.0.3-1
 - Rebuilt for MSVSphere 10
 
 ## START: Generated by rpmautospec
+* Fri Jan 03 2025 Benjamin A. Beasley <code@musicinmybrain.net> - 1.0.3-1
+- Update to 1.0.3
+
 * Fri Jul 19 2024 Fedora Release Engineering <releng@fedoraproject.org> - 0.20.0-5
 - Rebuilt for https://fedoraproject.org/wiki/Fedora_41_Mass_Rebuild