NewsBrief February 28, 2024 Detecting Lab-Grown Diamonds That Deceive Synthetic stones masquerading as naturals are arriving in labs. How prevalent is this, and how can the rest of the trade protect itself if fraudsters are trying to dupe the experts? Indian Manufacturing Slump Hits Sarine Results Company reports loss for full year as revenue drops 27%. Bevilles Acquisition Gives Michael Hill’s Revenue a Boost Sales up 4% in fiscal first half thanks to new locations. Experience the Jewels of the Indian Royal Courts The spectacularly crafted creations of the Mughal and Deccan eras are on show in a new book. News Digest Indian-American Jeweler Indicted in Multimillion-Dollar International Trade Fraud (The Times of India) How America’s Once-Great Department Stores Became a Dying Breed (CNN Business) Medici Family Jewels Head to Auction (JCK) Events Rapaport Single Stone Auction February 28 – March 6 New York & Israel More Details Rapaport Quarterly Pawnshop Auction March 11-19 New York & Dubai More Details Rapaport Melee Auction March 12-21 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,413 -0.23% -0.38% -10.64%  0.50 ct 2,033 -0.19% 0.34% -23.89%  1.00 ct 5,987 -0.45% -0.62% -19.69%  3.00 ct 21,817 -0.59% -1.26% -10.98% Rapaport Investment Grade Diamonds

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