NewsBrief July 17, 2024 Podcast: The Diamond-Pricing Prodigy House of Diamonds chief financial officer Ari Jain talks about his company, the polished market, and how he designed a diamond-pricing algorithm while a student at Cornell University. Star Diamond Buys Buffalo Hills Diamond Project Miner pays $804,000 in stock to acquire 50% share it didn’t already own. Temporary Shutdown Dents Rio Tinto Output Miner paused production after workers died in plane crash. US Retail Sales Fare Better Than Expected in June Month was flat compared to May, better than the drop analysts predicted. News Digest ‘Luxury Shame’: China’s Rich Shy Away from Flaunting Their Wealth Amid Economic Jitters (CNBC) Readers Share Their Thoughts on the Instore Design Awards, Summer Selling Season, Problem Clients and More (Instore) Diamond Workers Union Launches Suicide Helpline for Polishers in Surat, Sees 400 Calls on First Day (The Indian Express) Events Rapaport Melee Auction July 16-25 New York & Dubai More Details Rapaport Single Stone Auction July 31 – August 7 New York & Israel More Details Rapaport Melee Auction August 14-22 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,126 -1.41% -10.00% -27.70%  0.50 ct 1,806 -1.63% -8.57% -22.71%  1.00 ct 5,058 -1.74% -6.86% -25.80%  3.00 ct 19,277 -1.23% -4.87% -17.59% Rapaport Investment Grade Diamonds

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