NewsBrief February 12, 2024 Podcast: Russia, Sanctions and the Diamond Market Industry consultant Robert Wake-Walker analyzes what we know and what we don’t about the G7 rules. De Beers Rough Prices Slip 6% in 2023 Oversupply in the midstream and lack of demand spur decrease. Turned to Stone: Shelly Sergent In this series, we ask gem lovers: If you were to die and could come back as a gem, which one would it be, and why? Why Is China Buying Higher Colors but Lower Clarities? Figures from National Gemstone Testing Center shed light on mainland buyers’ diamond preferences. News Digest Bankruptcy Court Orders Liquidation of Mehul Choksi-Promoted Gitanjali Gems (Subscription Required) (The Economic Times) ‘Dragon Baby’ Frenzy to Drive Up Gold Jewelry Sales by 30%, Gold Prices to Hit Record Highs, Industry Players Say (South China Morning Post) Market Comment: February 8, 2024 (Rapaport) Events Rapaport Single Stone Auction February 7-19 New York & Israel More Details Rapaport Melee Auction February 13-22 New York & Dubai More Details Rapaport Single Stone Auction February 28 – March 6 New York & Israel More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,430 0.62% 0.56% -7.83%  0.50 ct 2,057 1.36% 2.41% -23.08%  1.00 ct 6,079 0.86% 0.95% -18.42%  3.00 ct 22,215 0.51% 0.88% -10.23% Rapaport Investment Grade Diamonds

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