NewsBrief May 20, 2024 53ct. Diamond Set to Score $5M at Sotheby’s Sotheby’s will offer a 53.04-carat diamond at its upcoming New York jewelry auction, where it is expected to bring in up to $5 million. US Retail Sales Stall in April as Shoppers Get Choosy Inflation has driven moderation and selectivity in purchasing, according to NRF. Giorgio Bulgari: Branching out The Geneva-based brand’s spiky Goccia and leaf-inspired Palma collections have arrived on the New York jewelry scene. GemGenève Sees Sluggish Sales and Traffic Challenging market and unfortunate timing impact Swiss show. News Digest Where Does De Beers Go from Here? (JCK) China’s Diamond Industry Having a Hard Time as More Consumers Go for Gold (South China Morning Post) The Most Spectacular Jewelry on the Red Carpet in Cannes (Vogue Australia) Events Rapaport Single Stone Auction May 8-21 New York & Israel More Details Rapaport Melee Auction May 14-23 New York & Dubai More Details Rapaport Breakfast at JCK: State of the Diamond Industry – Special Presentation by Martin Rapaport June 2 8-10 a.m. PDT Register RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,307 -1.18% -3.21% -18.18%  0.50 ct 2,033 -0.01% -0.74% -19.34%  1.00 ct 5,678 -0.25% -2.46% -19.90%  3.00 ct 20,815 -0.34% -2.05% -12.56% Rapaport Investment Grade Diamonds

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