NewsBrief January 31, 2023 Watch Featuring over 17K Natural Diamonds Scores Guinness Record A timepiece by Indian company Renani Jewels with 17,524 natural diamonds set a new Guinness World Record for the most diamonds on a watch. Valentine’s Day Jewelry Spending to Exceed $5.5B – NRF Category will be the biggest by value, ahead of flowers and candy. Caryl Capeci to Take Helm at Starboard Cruise Services Former Chow Tai Fook executive will oversee onboard shopping business’s jewelry and luxury categories. Lucapa Sales Gain in Solid Rough Market Higher average price boosted revenue in fourth quarter. News Digest Jewelers Describe Their Latest Holiday Selling Season (Instore) LVMH’s Deal for Tiffany Is a Huge Win for World’s Richest Man Subscription Required (Barron’s) Will Chinese Luxury Consumers Make Up for 2022 This Year? (South China Morning Post) Events Rapaport Melee Auction January 24 - February 2 New York & Dubai More Details Rapaport Melee Auction February 14 - 23 New York & Dubai More Details Rapaport Single Stone Auction February 15 - 27 New York & Israel More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1523 -0.37% 2.74% -5.89%  0.50 ct 2666 -0.63% -0.16% -13.46%  1.00 ct 7476 -0.83% -0.89% -17.13%  3.00 ct 24783 0.05% -0.17% -9.38% Rapaport Investment Grade Diamonds

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