NewsBrief July 25, 2024 The Steady American Jeweler US jewelry sales have stabilized after years of volatility, despite ongoing challenges. End-of-Year Recovery Boosts Michael Hill Revenue Jeweler saw positive market momentum in May and June. Luk Fook Sales Slide Amid Surging Gold Prices Overall revenue down 18% year on year in fiscal first quarter. Birks Reports Loss for Full Fiscal Year Company sees deficit of $3.4 million for 12 months that ended March 30. Trending Stories India's Diamond Trade Is Suffering. Why Isn't America's? Predictions for an Unpredictable Industry More US Jewelry Businesses Shutting Doors Events Rapaport Single Stone Auction July 31 – August 7 New York & Israel More Details Rapaport Melee Auction August 14-22 New York & Dubai More Details Rapaport Melee Auction September 4-11 New York & Israel More Rapaport Single Stone AuctionDetails RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,108 -1.70% -10.29% -28.72%  0.50 ct 1,772 -1.89% -9.18% -23.15%  1.00 ct 4,966 -1.55% -7.73% -26.55%  3.00 ct 19,107 -0.74% -5.51% -18.25% Rapaport Investment Grade Diamonds

CONTACT US

© Copyright 2024 by Rapaport USA Inc. All Rights Reserved. Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks.