NewsBrief August 29, 2023 Podcast: A Story of Stolen Jewels, Prison, and Redemption Reformed jewel thief Bryan Sobolewski talks about his 22-store robbery spree, getting caught, his return to the straight and narrow, and how jewelers can prevent guys like him from making off with their merchandise. Michael Hill Revenue Rises Despite Challenging Economy Sales up 6% for full fiscal year, reaching record $407.2 million. Independent Jewelers Take the Remodeling Route Space mission: Retailers are renovating, expanding, or moving into larger stores. Do Smaller Watches Have Staying Power? Gender-fluid and enticingly retro, slimmer timepieces are a big hit with today’s collectors. News Digest Diamond Producers Adapting to Rapidly Changing Landscape, Says BDO (Mining Weekly) Synthetic Diamond Sales Sparkle, but Oversupply Delivers Ice Burn (Financial Times) The Long History of Stabilizing Lab-Grown Diamond Prices (JCK) Events Rapaport Single Stone Auction August 23 – September 5 New York & Israel More Details Rapaport Single Stone Auction September 12-26 New York & Israel More Details Rapaport Quarterly Pawnshop and Melee Auction September 18-29 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1487 -1.32% -4.10% -2.46%  0.50 ct 2104 -3.80% -8.03% -28.07%  1.00 ct 6439 -1.80% -4.51% -24.60%  3.00 ct 22806 -0.63% -2.12% -14.72% Rapaport Investment Grade Diamonds

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