NewsBrief October 22, 2024 US Retail Sales Rise in September in Lead-Up to Holidays US retail sales continued their upward trajectory in September, as a strong job market and a drop in inflation and interest rates fueled purchasing. Shuttering of US Jewelry Companies Slows Only 158 businesses closed in third quarter, compared to 171 in 2023. Surging Gold Prices Dent Luk Fook Revenue 29% rise in metal’s value hurt second-quarter sales, as did failing diamond demand. De Beers to Disclose Country of Origin for 1.25ct.-Plus Diamonds Company makes positive step toward increasing transparency. Trending Stories Amplify the Message Rapaport Magazine Spotlights Synthetics and Bridal Why Did Watches of Switzerland Buy Hodinkee? Events Rapaport Melee Auction October 14-23 New York & Dubai More Details Rapaport Single Stone Auction October 14-30 New York, Dubai & Israel More Details Rapaport Melee Auction November 12-21 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,016 0.01% -1.66% -27.61%  0.50 ct 1,642 -0.18% -3.59% -13.92%  1.00 ct 4,606 -0.64% -3.24% -22.22%  3.00 ct 18,249 -0.42% -0.97% -17.15% Rapaport Investment Grade Diamonds

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