NewsBrief August 13, 2024 Indian Diamond Manufacturers Cut Production by Around 50% The country’s diamond factories have cooled output during the August vacation period, opting to increase melee production as demand for larger sizes declines. HB Deal Boosts Lucara Diamond Sales Miner’s revenue up 7% year on year in second quarter. GIA Examines Two Large Diamonds with Star-Shaped Inclusions High concentrations of hydrogen and nickel caused “asteriated” cloud formations. Brilliant Earth Slashes Full-Year Forecast Amid ‘Challenging’ Market Company now expects sales of up to $425 million versus its previous upper guidance of $469 million. Trending Stories De Beers Cancels August Sight, Combines with October Sale Indian Consumers Not Into Synthetics, Seek Natural: Titan Kiran Gems to Suspend Production for 10 Days Events Rapaport Melee Auction August 14-22 New York & Dubai More Details Rapaport Quarterly Pawnshop and Melee Auctions September 16-26 New York & Dubai More Details Rapaport Single Stone Auction September 17 – October 1 New York, Dubai & Israel More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,091 -0.48% -3.76% -28.46%  0.50 ct 1,761 0.34% -3.02% -20.78%  1.00 ct 4,897 -0.44% -4.29% -26.05%  3.00 ct 18,888 -0.31% -2.94% -18.05% Rapaport Investment Grade Diamonds

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