Diamond trading quiet amid US economic caution. US Federal Reserve raises interest rates 0.25 basis points, aiming to reduce inflation from 6% in February to 2%. Chinese buyers lack urgency after Hong Kong show signaled their reentry to the market. Smalls doing better than certs. Manufacturer profit margins tightening after price increases of small rough in 1Q. Polished production stable at low levels; inventory reduced in popular categories. G7 working on plan to oblige companies to declare their supply is not sourced from Russia ahead of May meeting. Martin Rapaport to address supply chain challenges and opportunities at Israel’s International Diamond Week on Monday, March 27. Register here.

The Rapaport editorial team highlights the major events, trends and quirky news stories that have shaped the diamond industry in the first quarter of 2023.

Randy and Kristie Mitchum keep up a vigorous public presence to stay top of mind for their customers in Ozark, Missouri.

Brands are employing everything from augmented reality to non-fungible tokens.