NewsBrief September 11, 2023 Rapaport Webinar: Warning to the Diamond and Jewelry Trade The situation in the diamond market is serious. Ahead of Martin Rapaport’s webinar this Wednesday, we present below some of the latest developments in the industry's recent downturn. De Beers Loosens Buying Rules as Inventories Accumulate Miner allowing sightholders to defer certain rough purchases to early 2024. GIA Lays Off 151 Employees at Carlsbad Headquarters Lab cuts location’s workforce by 20% amid economic decline. Podcast: What’s Really Going On in Retail? Changes in buying habits — rather than inflation — are the main cause of the current weakness in spending, says US-based consultant David Marcotte. Trending Stories Two Plans for Sidelining Russian Diamonds Rapaport Market Comment: September 7, 2023 Do Smaller Watches Have Staying Power? Events Rapaport Single Stone Auction September 12-26 New York & Israel More Details Diamond Trend Webinar September 13 10 a.m. EDT Online Register Here Rapaport Quarterly Pawnshop Auction September 18-27 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1450 -0.92% -5.08% -4.50%  0.50 ct 2030 -0.97% -8.91% -29.93%  1.00 ct 6292 -1.27% -5.16% -25.32%  3.00 ct 22710 -0.31% -1.68% -14.06% Rapaport Investment Grade Diamonds

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