NewsBrief December 3, 2024 De Beers Cuts Prices of Rough Diamonds De Beers has reduced rough prices by 10% to 15% at its December sight, market insiders told Rapaport News Monday — but manufacturers say they still can’t turn a profit from the goods. Majority of Lots Smash Estimates at Christie’s Jewelry Sale Sapphire and diamond brooch pendant goes for $480,000, more than four times its high price. Hong Kong Luxury Decline Narrows Slightly in October Revenue from segment down 11% year on year. India Trade Adopts US FTC Guidelines for Lab-Grown GJEPC working on getting terminology standardized throughout the country. News Digest A Client Pays for a Mined Diamond, but an Appraisal Reveals It Is Lab-Grown (Instore) From Cartier to Taffin: The Must-See Jewelry Events During Miami Art Basel (Robb Report) Pendant with Gems from Three NWT Mines Sells for $17.5K (Cabin Radio) Events Rapaport Single Stone Auction November 17 – December 5 Dubai, Israel & New York More Details Rapaport Quarterly Pawnshop & Melee Auctions December 9-19 New York & Dubai More Details Rapaport Single Stone Auction December 11-25 New York, Dubai & Israel More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,038 0.28% 1.54% -26.12%  0.50 ct 1,667 0.18% 1.34% -14.00%  1.00 ct 4,622 0.09% 0.28% -22.56%  3.00 ct 18,178 -0.04% -0.53% -17.73% Rapaport Investment Grade Diamonds

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