NewsBrief July 11, 2024 India’s Diamond Trade Is Suffering. Why Isn’t America’s? Weak demand and a supply glut have created a perfect storm for manufacturers. But the only true solution is at the consumer level. Underwood’s Jewelry Store Names New President Michael Richards, formerly company COO, succeeds Clayton Bromberg. The Case of the Disappearing Diamond, and This Week’s Other News Members of the editorial team pick their favorite pieces from the internet. Dressed to Kill: The ‘Mob Wife’ Aesthetic Statement-making jewelry and lots of gold rule this maximalist trend. Trending Stories Podcast: Changes in America’s Diamond Industry Bride Calls Off Wedding over Fake Diamond, and This Week’s Other News De Beers Sales Slide as Market Weakness Persists Events Rapaport GEMTalks: The Evolution of Lab-Grown Diamonds & Identifying Them with Certainty July 16 10 a.m. EDT Online More Details Rapaport Melee Auction July 16-25 New York & Dubai More Details Rapaport Single Stone Auction July 31 – August 7 New York & Israel More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,139 -4.70% -9.64% -27.15%  0.50 ct 1,831 -3.57% -7.84% -22.75%  1.00 ct 5,136 -2.93% -6.26% -25.02%  3.00 ct 19,467 -3.04% -4.91% -16.73% Rapaport Investment Grade Diamonds

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