EU Sanctions Are Back on the Table. Will They Work?

NewsBrief   January 30, 2023   EU Sanctions Are Back on the Table. Will They Work? The bloc is considering a quota or other restrictions on Russian diamonds. Industry members and politicians claim only a global effort will have an impact. Record Tiffany Revenue Buoys LVMH Brand doubled its high-jewelry sales and saw strong demand for Lock bracelet collection.   De Beers Cuts Staff in North America Restructuring has impacted "small number" of US employees.   Market Comment: Balancing Act Polished market selective as jewelers start to replenish inventory they sold during holiday season. News Digest Angola Diamond Exports Totaled $1.95B in 2022 (Xinhua)   GJEPC Seeks to Waive Levy on Rough Sourced Through E-Auctions (Indian Express)   A Curator's Guide to Antique Bridal Jewelry (Jewelry Connoisseur) 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 0.01% 2.77% -5.78%  0.50 ct 2669 -0.36% 0.00% -13.23%  1.00 ct 7493 -0.49% -0.60% -16.87%  3.00 ct 24784 0.17% -0.37% -9.33% Rapaport Investment Grade Diamonds

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