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![Venetia diamond mine image](https://rapaport.com/wp-content/uploads/2024/07/1280x720-truck-20240725121148.jpg)
De Beers Slashes Production Outlook
First-half sales and profit drop amid weak diamond market.
![us flags diamond image](https://rapaport.com/wp-content/uploads/2024/07/1280x720-2-20240725085411.jpg)
A Jewelry Safe Haven: US Market Shows Stability
Sales have stabilized after years of volatility, despite ongoing challenges, creating new opportunities for growth.
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Rapaport Magazine Cover Stories
![Stephen Webster jewelry image](https://rapaport.com/wp-content/uploads/2024/05/1280x720-cover-story-man.jpg)
Bling for Men Is No Small Trend
With sales growth outpacing the women’s segment, fine jewelry for the gents is hotter than ever.
Jewelry
May 22, 2024
![garnet engagement ring image](https://rapaport.com/wp-content/uploads/2024/05/1280x720-cover-story-bridal.jpg)
Colored-Gem Engagement Rings Put the ‘Pop’ in Popping the Question
Couples are choosing brightly hued stones as a creative way to express their love.
Colored Gemstones
May 22, 2024
![Foundrae mixed metal jewelry image](https://rapaport.com/wp-content/uploads/2024/05/1280x720-cover-story-mixed-metal.jpg)
The Edgy Allure of Mixed Metals
As gold prices rise, jewelers are finding striking new ways to combine it with silver, platinum and other options.
Jewelry
May 22, 2024
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Market Comment - Jul. 25, 2024
Round prices declining; fancies down less sharply.
Manufacturers switching to cheaper, smaller goods.
De Beers lowers 2024 production plan to 23M-26M cts. from 31.9M cts. in 2023; demand slow and rough prices stable at July sight.
India removes 2% equalization levy on rough, with “safe harbor” rule simplifying tax for overseas miners.
US retailers buying selectively and focusing on memo. Sluggish inventory replacement by brands and large jewelers.
LVMH 1H watch and jewelry sales -5% YOY to $5.6B.
Swatch Group 1H watch and jewelry sales -14% YOY to $3.7B.
Birks FY sales +14% to $135M.
Luk Fook fiscal 1Q diamond jewelry same-store sales -52% YOY.
AWDC names Karen Rentmeesters permanent CEO.