NewsBrief August 28, 2024 Podcast: The Need for Diamond Marketing The diamond industry still needs to invest in promoting its product, or it will face continued losses, according to Antwerp trader Shashin Choksi. Brilliant Earth Announces Two C-Level Promotions Current execs Pamela Catlett and Sharon Dziesietnik will be chief brand officer and COO respectively. Hindman Offering 7ct. Diamond Ring at Chicago Sale Other items up for auction include piece centering 5.42-carat, fancy-brownish-pink stone, and an antique natural-pearl necklace. Sierra Leone’s Meya Mine Yields 391ct. Rough Diamond was originally part of 515-carat stone that broke into three pieces. News Digest Surat-Based Svaara Wants to Make Lab Diamonds India’s New Status Symbol (Inc42) Saks Fifth Avenue Launches High-Jewelry Collection (Town & Country) Amid Rising Prices and Lower Sales, China’s Gold Jewelers Show Glint of Creativity (Shine) Events Rapaport Quarterly Pawnshop Auction September 16-24 New York & Dubai More Details Rapaport Melee Auction September 17-26 New York & Dubai More Details Rapaport Single Stone Auction September 17 – October 1 New York, Dubai & Israel More Details The RapNet Diamond Index (RAPI™) is being revised due to elimination of diamond listings from China. These diamonds have been listed at low prices, with sellers demanding extra fees related to currency conversion. This week’s technical increase in RAPI indices does not reflect any sudden change in market conditions or prices. RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,086 -1,54% -1.57% -27.16%  0.50 ct 1,775 -0.43% 0.45% -15.88%  1.00 ct 4,949 -0.39% -0.01% -23.53%  3.00 ct 19,000 -0.24% -0.17% -16.88% Rapaport Investment Grade Diamonds

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