NewsBrief July 3, 2024 Diamond Industry Under Pressure Amid Slow Sales RAPAPORT PRESS RELEASE, Las Vegas… Diamond prices declined in June as sales dropped and inventories grew. Richemont Appoints Louis Ferla as CEO of Cartier He will succeed Cyrille Vigneron beginning September 1. Signet-Owned Rental Service Revamps as Secondhand Jewelry Platform Rocksbox nixes subscription model to make its product more accessible and increase customer base. TSL Losses Deepen on Stagnant Diamond Demand Hong Kong jeweler reports deficit of $47.9 million for full year. News Digest Meet Chaumet’s New Head Charles Leung, the First Asian CEO at an LVMH Brand (South China Morning Post) Renowned Rapper Jay-Z Backs Hong Kong Luxury Watch Start-Up Wristcheck (Tatler Asia) 1 Rough, 2 Diamonds: Kwiat’s Mine to Shine Program Adds Up to Romance Marketing 101 (JCK) Events Rapaport Single Stone Auction July 2-10 New York & Israel More Details Rapaport Melee Auction July 16-25 New York & Dubai More Details Rapaport Single Stone Auction July 31 – August 7 New York & Israel More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,201 -1.76% -6.22% -23.49%  0.50 ct 1,906 -1.90% -5.02% -20.33%  1.00 ct 5,302 -1.29% -3.99% -22.91%  3.00 ct 20,080 -0.52% -2.42% -14.80% Rapaport Investment Grade Diamonds

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