RAPAPORT®
NewsBrief
May 23, 2023
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Webinar: Why the Diamond Market Has Slowed
Wholesale trading has remained slow through the second quarter of 2023, resulting in a continued decline in polished prices.
Sarine Revenue Drops Amid Economic Caution
First-quarter profit was $800,000, down from around $3.4 million a year earlier.
Jewels from Mellon Family to Hit Sotheby’s New York
Selection includes sapphire and diamond necklace carrying $3.5 million upper estimate.
Costello & Rossi’s Founding Duo on Finding the Perfect Piece
The real deal: Anellie Manolas and Susan Abeles talk about sourcing, transparency, and collecting versus selling.
News Digest
India Gem and Jewelry Exports Sluggish; Industry Hopeful for Revival
(Money Control)
Why Men Wearing Flamboyant High Jewelry Is Nothing New
(South China Morning Post)
She Flushed a Diamond Ring Down the Toilet. 13 Years Later, It Resurfaced.
(The Washington Post)
Events
Rapaport Single Stone Auction
May 17-30
New York & Israel
More Details
Rapaport Quarterly Pawnshop Auction
June 6-13
New York & Dubai
More Details
Rapaport Melee Auction
June 6-15
New York & Dubai
More Details
RapNet Diamond Index (RAPI™)
Diamond Data
Size
Index
Weekly
Monthly
Y2Y
 0.30 ct
1592
-0.90%
-0.73%
-1.81%
 0.50 ct
2513
-0.94%
-3.25%
-20.71%
 1.00 ct
7090
-0.25%
-1.86%
-23.03%
 3.00 ct
23866
-0.08%
-1.01%
-15.35%
Rapaport Investment Grade Diamonds
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