NewsBrief May 1, 2023 Bulgari Blue Diamond Bears $25M Price Tag at Sotheby’s Sotheby’s is set to offer an 11.16-carat, fancy-vivid-blue diamond at its upcoming Geneva Luxury Week, where it is expected to fetch more than $25 million. Mother’s Day Jewelry Spending to Hit Record High Consumers will spend a total of $7.8 billion on gifts from the category, according to NRF. US Jewelry Business Closures Ease in First Quarter Some 133 companies exited the sector, compared to 187 during the same period of 2022. Market Comment: The Perfect Storm Diamond market quiet. US demand sluggish as jewelers reduced inventory purchases amid slowdown in engagement ring sales. Trending Stories Podcast: Young Diamantaires Leave Their Mark Diamond Trader Evaded US Sanctions, Attorney’s Office Claims Clara Chehab: Rooted in Mother Earth Events Rapaport Jewelry Auction May 9-11 New York & Online More Details Rapaport Melee Auction May 9-17 New York & Dubai More Details Rapaport Single Stone Auction May 17-30 New York & Israel More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1610 0.35% 0.38% -0.41%  0.50 ct 2574 -0.88% -2.32% -18.94%  1.00 ct 7159 -0.92% -2.56% -22.81%  3.00 ct 24055 -0.07% -1.33% -15.12% Rapaport Investment Grade Diamonds

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