NewsBrief August 8, 2024 Kiran Gems to Suspend Production for 10 Days Kiran Gems is pausing production for 10 days and giving its manufacturing employees an extended vacation in response to the Indian market’s inventory imbalance. Gem Diamonds Recovers Ninth 100ct.-Plus Rough This Year Type II stone from company’s Letšeng mine in Lesotho weighs 145.55 carats. Surat Might Bend Booze Ban, and This Week’s Other News Members of the editorial team pick their favorite pieces from the internet. Chow Sang Sang Expects Profit Slump Earnings for first half will likely fall by 33% to 40% amid high gold prices and weak consumer sentiment. Trending Stories Rio Tinto Diamond Unit Slumps to Loss India Slashes Import Tax on Precious Metals, Leaves Out Diamonds Angola Special-Stone Tender Brings In $22M Events Rapaport Melee Auction August 14-22 New York & Dubai More Details Rapaport Single Stone Auction September 4-11 New York & Israel More Details Rapaport Quarterly Pawnshop and Melee Auctions September 16-26 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,096 -0.22% -5.34% -28.70%  0.50 ct 1,757 -0.29% -5.15% -22.11%  1.00 ct 4,908 -0.68% -5.39% -26.48%  3.00 ct 18,870 -0.70% -4.56% -18.47% Rapaport Investment Grade Diamonds

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