Diamond Trade Sees Cautious Start to 2023

NewsBrief   February 7, 2023   Diamond Trade Sees Cautious Start to 2023 Polished-diamond prices stabilized for much of January but declined in the final week as the industry assessed its prospects after the holiday season. Hong Kong Retail Sales Slip in December Revenue from hard luxury down 3% for the month.   Color Grabs Spotlight at Sotheby's Auction Emeralds were top sellers, as were pink and yellow diamonds.   Indian Jeweler Broadens Reach to 7 New Countries Malabar Gold & Diamonds will open showrooms in UK, Australia, Canada, Turkey, Egypt, Bangladesh and South Africa. News Digest Petra Diamonds Open to Merger and Acquisition Deals, CEO Says (Reuters)   Exit Interview with De Beers CEO Bruce Cleaver (Part 1) (JCK)   Jewelers Talk About Their Best Sellers from the 2022 Holidays (Instore) Events Rapaport Melee Auction February 14-23 New York & Dubai More Details   Diamond Trends Webinar with Avi Krawitz: What's Shaping the Market in 2023? February 15, 10 a.m. EST February 16, 3:30 p.m. India Time Online Register Here   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 1540 1.12% 3.46% -6.08%  0.50 ct 2671 0.18% 0.04% -14.64%  1.00 ct 7457 -0.27% -0.83% -18.03%  3.00 ct 24706 -0.32% -0.21% -9.94% Rapaport Investment Grade Diamonds

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