NewsBrief August 27, 2024 IGI Files for $477M Initial Public Offering The International Gemological Institute (IGI) has filed for an initial public offering (IPO), with the intent of raising INR 40 billion ($477 million). Lucapa Slides to Loss in First Half Amid Weak Market Continued slowdown led miner to $1.3 million deficit and 26% drop in average price. Macy’s Taps New Jewelry Brands for Fashion Week Retailer lowers guidance for the full year to between $22.1 billion and $22.4 billion. Indian Demand for Diamond Jewelry Takes a Hit from Gold Customs-duty cut on the yellow metal has raised its appeal among consumers. Trending Stories Asian Star Sales Hit by Weak Diamond Market Karowe Mine Yields Massive 2,492ct. Rough Diamond Synthetics Grower Lusix Seeks Creditor Protection – Report Events Rapaport Quarterly Pawnshop Auction September 16-24 New York & Dubai More Details Rapaport Melee Auction September 17-26 New York & Dubai More Details Rapaport Single Stone Auction September 17 – October 1 New York, Dubai & Israel More Details The RapNet Diamond Index (RAPI™) is being revised due to elimination of diamond listings from China. These diamonds have been listed at low prices, with sellers demanding extra fees related to currency conversion. This week’s technical increase in RAPI indices does not reflect any sudden change in market conditions or prices. RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,098 0.72% -0.86% -26.54%  0.50 ct 1,780 1.38% 0.43% -15.86%  1.00 ct 4,954 1.32% -0.04% -23.35%  3.00 ct 19,009 0.74% -0.17% -16.85% Rapaport Investment Grade Diamonds

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