NewsBrief March 16, 2023 The Industry’s Russia Crisis: Formulating Sanctions The Russia crisis is forcing the diamond trade to take responsible sourcing to the next level. Considering the industry’s long history of dealing with reputational challenges, the ongoing war in Ukraine adds a new dimension. Petra Rough Prices Rise Amid China Recovery March tender saw 12.5% increase compared with December. Bonhams Sells Every Jewel on Offer at New York Auction Star of show was 35-carat Leviev diamond ring that fetched $2.7 million. Doing PR with QR These scannable codes are gracing high-end accessories that serve as blingy business cards. News Digest Russian Diamonds Continue to Flood Belgium Despite Sanctions (Jeweller Magazine) Why the Tech Behind Lab-Grown Diamonds May Be Too Good (Kitco) Richemont Partners with India’s Tata Group for Digital Luxury-Watch Boutique (Mint) Events Rapaport Quarterly Pawnshop Auction March 13-21 New York & Dubai More Details Rapaport Melee Auction March 14-23 New York & Dubai More Details Rapaport Jewelry Auction March 27-29 New York & Online More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1596 0.49% 2.28% -9.05%  0.50 ct 2663 -0.09% -0.57% -21.17%  1.00 ct 7402 -0.68% -0.70% -25.09%  3.00 ct 24461 -0.25% -1.38% -17.12% Rapaport Investment Grade Diamonds

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