NewsBrief January 9, 2023 India Seeks 0% Import Duty on Lab-Grown Seeds India’s jewelry industry is asking the government to abolish import duty on seeds for growing synthetic diamonds, claiming the move would boost the country’s manufacturing sector. Market Comment: New Beginnings Diamond sector quiet and sentiment cautious due to seasonal lull and general uncertainty. Big Discounts Drive Rise in Online Holiday Sales Consumers spent $211.7 billion from November 1 to December 31, according to Adobe. India’s Titan Enjoys Strong Diwali Sales Revenue up 12% in third fiscal quarter. News Digest Surat’s Diamond Industry Sees 20,000 Job Losses in One Month (Fashion Network) Half of Surveyed Jewelers Do Better Than 1.0 Inventory Turn; Half Don’t (Instore) Watch the Secondhand: The Boom in Pre-Owned Timepieces (Jewelry Connoisseur) Events Rapaport Single Stone Auction January 18-30 New York & Israel More Details Rapaport Melee Auction January 24 - February 2 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1490 0.50% 1.43% -7.48%  0.50 ct 2672 0.13% -0.28% -10.90%  1.00 ct 7523 -0.19% -1.14% -11.33%  3.00 ct 24787 -0.24% -1.32% -3.55% Rapaport Investment Grade Diamonds

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