Is Lab-Grown Still a Dirty Word in the Industry?

NewsBrief   January 19, 2023   Is Lab-Grown Still a Dirty Word in the Industry? Some jewelers are keeping their synthetics sales low-key to avoid pushback from the trade. Kim Kardashian Buys Princess Diana Cross Pendant at Auction Diamond-and-amethyst jewel fetches almost $200,000 at Sotheby's.   Holiday Sales Miss Target as Inflation Dents Spending Revenue rose 5% year on year, below National Retail Federation's forecast.   Jewelry Sales Drive Strong Growth at Richemont US and European demand outweighed slow Chinese market in third fiscal quarter. News Digest EU Considers Classifying Russian Diamonds as 'Blood Diamonds' (The Brussels Times)   No Clearance for Bunder Diamond Mining Project Subscription Required (The Economic Times)   Gen Z Is Driving Luxury Sales as Wealthy Shoppers Get Younger (CNBC) Events Rapaport Single Stone Auction January 18-30 New York & Israel More Details   Rapaport Jewelry Auction January 23-25 New York & Online More Details   Rapaport Melee Auction January 24 - February 2 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1513 1.12% 2.51% -6.40%  0.50 ct 2673 0.08% -0.27% -11.51%  1.00 ct 7508 -0.14% -1.27% -12.08%  3.00 ct 24736 -0.12% -1.22% -4.76% Rapaport Investment Grade Diamonds

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