Valentine’s Day Revives Jewelry Sales

NewsBrief   February 13, 2023   Valentine's Day Revives Jewelry Sales US jewelry sales rebounded in January as consumers shopped early for Valentine's Day gifts, according to Mastercard SpendingPulse. Joint Sustainability Project Puts Focus on Small Businesses UN teams up with Watch & Jewellery Initiative 2030 to help improve ethical practices.   Pandora Revenue Up as Price Hikes Pay Off Increases for select products drove 9% growth in fourth quarter.   Market Comment: Valentine's Day Shivers Diamond market segmented. Smaller goods stable; larger stones above 0.50 ct. weak amid price uncertainty. News Digest 'We Want a Bigger Share': Botswana, De Beers Row over Diamond Profits (Africanews)   Anjin Fires 31 Workers over Theft of Diamonds (Zimbabwe Situation)   Have a Heart: Dealer Brad Wilson Reflects on Much-Loved Shape (Jewelry Connoisseur) 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 1551 0.90% 3.50% -7.93%  0.50 ct 2672 0.03% 0.12% -16.28%  1.00 ct 7437 -0.23% -0.92% -19.58%  3.00 ct 24754 0.13% 0.09% -12.77% Rapaport Investment Grade Diamonds

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