NewsBrief December 24, 2024 Gemfields to Halt Some Operations, Sell Businesses Amid Market Woes Gemfields plans to curtail many of its business operations and cut jobs as it struggles with the market downturn and other issues affecting its bottom line. US Awards Nonprofit Funding to Support ASM Sector Pact will use some of the money to promote mercury-free mining in Mali. Petra Cuts Jobs, Rough-Price Expectations as Market Remains Weak Like-for-like figures down 7% from previous tender across most size categories. Weak Asia Demand Stunts Swiss Watch Exports Shipments down 3.8% in November. Trending Stories Some Sightholders Lose Supply as De Beers Reduces Allocations Lucara Names 2,488ct. and 1,094ct. Rough Diamonds Top Lots Go Unsold at Sotheby’s Hong Kong Jewelry Auction Events Rapaport Single Stone Auction December 11-25 New York, Dubai & Israel More Details Rapaport Melee Auction January 21-29 New York & Dubai More Details Rapaport Single Stone Auction January 26 – February 12 Dubai, Israel & New York More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,042 0.29% 0.59% -26.29%  0.50 ct 1,677 0.55% 0.76% -14.56%  1.00 ct 4,598 -0.04% -0.49% -23.10%  3.00 ct 18,280 0.38% 0.48% -17.01% Rapaport Investment Grade Diamonds

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