NewsBrief August 24, 2023 Diamonds in the Safe: The Industry’s Oversupply Challenge Manufacturers, dealers and jewelers overbought during positive periods, ignoring the lessons of previous up-and-down cycles. Far East Slowdown Hits Swiss Watch Exports Shipments to China and Singapore declined in July. Diamonds and Signed Jewels to Lead Heritage Fall Auction Ring featuring pear-shaped, 8.38-carat stone is top item. The Weekly Gems: News and Videos from Around the Web Featuring a six-year-old jewelry entrepreneur and a look at museum thefts. News Digest Diamonds Are for Girls’ Best Friends Subscription Required (The Atlantic) The Diamond Lab Secures Funding, Plans Flagship London Store (The Retail Bulletin) 21 Best Travel Jewelry Cases That Make Organization Easy (Harper’s Bazaar) Events Rapaport Single Stone Auction August 23 – September 5 New York & Israel More Details Rapaport Single Stone Auction September 12-26 New York & Israel More Details Rapaport Quarterly Pawnshop and Melee Auction September 18-29 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1501 -0.96% -3.16% -1.60%  0.50 ct 2153 -2.75% -6.19% -26.55%  1.00 ct 6534 -0.83% -3.23% -23.81%  3.00 ct 22920 -0.37% -2.04% -14.74% Rapaport Investment Grade Diamonds

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