RAPAPORT®
NewsBrief
February 28, 2024
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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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