Engagement Ring Spending Slips as More Turn to Lab-Grown

NewsBrief   February 15, 2023   Engagement Ring Spending Slips as More Turn to Lab-Grown US couples spent 3% less on engagement rings last year as lab-grown diamond center stones gained popularity, according to wedding resource The Knot. Diamonds Do Good Doles Out $300K in Grants Group allots funds for mining and manufacturing communities in Africa, Canada and India.   Sotheby's Luxury Auction Beats Forecasts for Jewelry, Watches Both categories saw highest or near-highest results in over five years at London event.   GSI Names New Head of Business Development Pinky Jalui has worked in gem and jewelry industry for over 20 years. News Digest Queen Camilla Resetting Queen Mary's Crown with $50M in Diamonds for Coronation (Robb Report)   Diamond Tycoon Jatin Mehta Fails to Halt Banks' $1B Chase Through UK Courts Subscription Required (Bloomberg)   How to Create Successful Luxury Collaborations (Jing Daily) 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 1557 0.79% 3.16% -8.00%  0.50 ct 2676 -0.04% -0.04% -16.66%  1.00 ct 7450 -0.76% -0.76% -19.97%  3.00 ct 24793 0.07% 0.07% -12.95% Rapaport Investment Grade Diamonds

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