De Beers’ Price Hike Exposes Profitability Concerns

NewsBrief   March 1, 2023   De Beers' Price Hike Exposes Profitability Concerns Manufacturers are split on whether small diamonds deserved such a sharp increase. LVMH and Tiffany Team Up for Inclusive Training Program Collaboration aims to foster diverse community of aspiring jewelry artisans.   Christie's Names Emmanuel Danan to Head Luxury Segment Paris-based executive spent 17 years at L'Oréal.   Firestone Still Struggling Despite Strong Sales Robust market for smaller diamonds boosted figures in second fiscal quarter. News Digest Cartier vs. Tiffany Trade-Secret Clash Comes to a Close (The Fashion Law)   Gucci Brings Its Signature Opulence to the World of High Jewelry (W Magazine)   The Brooch Renaissance Is Here (Refinery 29) 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 1581 0.64% 3.48% -7.90%  0.50 ct 2669 -0.18% -0.08% -19.23%  1.00 ct 7461 0.24% -0.51% -21.75%  3.00 ct 24516 -0.48% -1.21% -15.19% Rapaport Investment Grade Diamonds

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