G7 to ‘Work on Further Measures’ Against Russian Diamonds

NewsBrief   February 27, 2023   G7 to 'Work on Further Measures' Against Russian Diamonds The G7 nations have pledged to discuss the issue of Russian diamonds after the category escaped the latest round of Western sanctions. Rio Tinto Spends $40M to Keep Diavik Going Extra year could add 2.2 million carats of rough production.   De Beers Profit Rises in Turbulent Year Strong first half drove 2022 growth, but market later turned negative.   Market Comment: Stellar Results Dealers hoping March Hong Kong show will signal release of pent-up Chinese demand. News Digest PNB Buries Ghost of 2018 to Fund Lab Diamonds Subscription Required (The Economic Times)   Angola Plans Tax Incentives for Diamond-Cutting Investors (Xinhua)   For Vintage Dealers, Rolex Remains King (Jewelry Connoisseur) Events Rapaport Single Stone Auction February 23 – March 1 New York & Israel More Details   Rapaport Melee & Quarterly Pawnshop Auctions March 13-23 New York & Dubai More Details   Rapaport Single Stone Auction March 22 – April 3 New York & Israel More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1579 0.90% 3.01% -8.15%  0.50 ct 2670 -0.07% -0.18% -19.03%  1.00 ct 7464 0.28% -0.81% -21.64%  3.00 ct 24478 -0.74% -1.44% -15.35% Rapaport Investment Grade Diamonds

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