NewsBrief January 9, 2024 Strong Lab-Grown and Holiday Sales Push Pandora Past Guidance Pandora’s revenue surpassed expectations in the fourth quarter amid strong holiday sales and a surge in demand for its lab-grown diamond collection. Bruce Cleaver Steps Down from De Beers Boards Former CEO will stay on in advisory capacity after helping miner with transition phase. Frédéric Arnault to Head LVMH Watch Division Son of conglomerate’s owner was previously CEO of TAG Heuer. International Expansion Drives Sales at India’s Titan Revenue up 22% year on year in third quarter amid store openings in US, Singapore and Dubai. News Digest Gaza War Hits India-Israel Talks, Diverts Diamond Shipments Subscription Required (Mint) Rolex Keeps Prices Steady in US but Not UK: Analysts (JCK) China’s Youth Shun Diamonds in Favor of Gold, Seeking Safe-Haven Investment (South China Morning Post) Events Rapaport Melee Auction January 16-25 New York & Dubai More Details Rapaport Single Stone Auction January 17-24 New York & Israel More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,423 0.41% 1.52% -4.55%  0.50 ct 2,001 1.08% 3.38% -25.14%  1.00 ct 6,001 0.29% 0.51% -20.24%  3.00 ct 22,017 0.13% -0.08% -11.18% Rapaport Investment Grade Diamonds

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