NewsBrief September 18, 2024 Indian Jewelers Brace for a Boom While global markets face recession, India is riding the wave of growth, with retailers aggressively expanding their operations. US Retail Sales Rise in August as Inflation Eases Economic situation should keep consumers spending as holiday season gets underway, according to NRF. Jewels Zip Past Estimates at $10.2M Christie’s Sale Boucheron diamond cluster earrings lead auction, bringing in $567,000. Flagging Demand, China Downturn Hit Gemfields Emerald Auction Competition from another producer’s sale also affected revenue. News Digest A Forgotten Gemstone That Reigned During the Victorian Era Comes Back into Focus (CNN) The Best Natural Diamonds of the 2024 MTV VMAs (Only Natural Diamonds) Why Cindy Chao’s Signature Brooches Are on Celebrities and in V&A Museum (South China Morning Post) 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 1,051 -0.12% -3.89% -26.99%  0.50 ct 1,720 -0.51% -2.25% -14.16%  1.00 ct 4,781 -1.10% -2.20% -22.75%  3.00 ct 18,509 -0.74% -1.70% -17.32% Rapaport Investment Grade Diamonds

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