NewsBrief August 23, 2023 Race to the Bottom? Retailers’ Lab-Grown Doubts Even with increasing sales, store owners remain wary of buying synthetic diamonds for stock. Video: Martin Rapaport Talks About Fraud in the Diamond Industry Dealers must know what they are selling, says Rapaport chairman. Gem Diamonds Revenue Slides in First Half Lower average price and faltering demand lead to 28% drop. India’s Titan Company Buys Out CaratLane for $557M Jewelry giant ups stake in online retailer to 98%. Trending Stories Alrosa Sales Steady in First Results for over a Year Podcast: What’s Really Going On in Retail? Grizzly Records Highest-Ever Emerald Sales 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 1502 -1.17% -3.21% -1.60%  0.50 ct 2156 -2.78% -6.22% -26.53%  1.00 ct 6544 -0.93% -3.18% -23.79%  3.00 ct 22943 -0.43% -1.99% -14.72% Rapaport Investment Grade Diamonds

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