Rapaport TradeWire June 9, 2022

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June 9, 2022

Rapaport Weekly Market Comment - June 9, 2022 News: Las Vegas shows open amid hopes they will boost sentiment for 2H. US demand steady. China improving. Concerns about pending shortages continue as supply splits between Russian and non-Russian goods. Cutters finding ways to buy Alrosa rough to serve centers open to Russian-origin polished. De Beers raises prices of small rough amid strong demand, scarcities, and high premiums on secondary market. Signet Jewelers 1Q sales +9% to $1.8B, loss of $84M vs. profit of $138M. Christie's NY achieves $48.9M (95% by lot); 103.49 ct., D-flawless Light of Africa diamond sells for $20.1M ($194,067/ct.). GIA moving to digital-only reports by 2025 and planning to close Antwerp lab on July 31. Rapaport to host annual Las Vegas breakfast and Social Responsibility Conference on Sunday, June 12. Register at rapaport.com/jck22. Take the Rapaport survey here.

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RAPNET DIAMOND INDEX (RAPI™) Size Weekly Monthly Y2Y 0.30 ct -0.1% 0.3% -0.7% 0.50 ct -0.2% -0.4% 7.3% 1.00 ct -0.3% -0.9% 19.4% 3.00 ct 0.0% 0.4% 24.5%

Market Reports United States: Sentiment mixed due to economic uncertainty, high inflation and stock market volatility… Belgium: Dealers buying for specific orders rather than bulk… Israel: Inventory levels stable and higher than a year ago… India: Fancy shapes selling well up to 2 ct. in oval, pear and marquise… Hong Kong: Jewelers focusing on bridal, expecting busy summer wedding season after recent lockdowns…

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Webinar: A Russian Awakening With Avi Krawitz In the quarterly Diamond Trends webinar, Rapaport senior analyst Avi Krawitz discusses the changes that have taken effect in the diamond trade over the past three months due to the Russia-Ukraine conflict, continued Covid-19 shutdowns in China and economic caution in the US.

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Podcast: The Romance and Intrigue of Georgian Jewelry From Jewelry Connoisseur In the latest episode, New York-based antique jewelry dealer Dana Kiyomura of Keyamour discusses the meaning behind the inspiring era's styles.

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GIA Advertorial: A Secure Way to Buy and Sell Laboratory-Grown Diamonds

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Top Stories of the Week US Demand, Uncertain Supply Buoy Diamond Prices Trading stable in May despite concerns about the economy.   SEE MORE   103ct. Flawless Diamond Fetches $20M at Christie's Stone smashed $18M upper estimate at New York Magnificent Jewels auction.   SEE MORE   All GIA Reports to Be Digital by 2025 Diamond Dossier will be first to go paperless.   SEE MORE   De Beers Lifts Prices of Smaller Diamonds Goods under 0.75 carats see increase of 8% to 10%.   SEE MORE   Signet Stock Surges Amid Strong Outlook Shares rise 9% in early trading Thursday as full-year revenue forecast surpasses expectations.   SEE MORE   "> Natural Diamond Council Branches into UAE Market Group partners with three jewelry retailers to "familiarize" consumers with natural stones.   SEE MORE   Rio Tinto Launches Business for Argyle Pinks Program includes a certification service, a concierge trading platform and a brand collaboration.   SEE MORE   GIA to Close Antwerp Branch Next Month Demand levels and financial performance did not support continuing operations, organization says.   SEE MORE   Signet Banner Appoints First Creative Director Grammy-nominated rapper, songwriter and artist Tierra Whack joins Banter by Piercing Pagoda.   SEE MORE   Lab-Grown Diamond Firm Files for IPO Adamas One acquired producer Scio Diamond in 2019.   SEE MORE

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