De Beers Sees Further Sales Slowdown

NewsBrief   March 8, 2023   De Beers Sees Further Sales Slowdown De Beers' sales fell at its February trading session as sightholders deferred demand to later in the year amid uncertain market conditions. Polished Up, Rough Down in Mixed February for Israel Trade Government predicts midyear recovery.   Diamcor Sales 'Lower Than Expected' at Tender Miner hopes revenue from 72.53-carat rough will offset decreased volume.   26ct. Diamond Ring to Hit Auction Block for $500K Pear-shaped stone from philanthropist will go under hammer at John Moran. News Digest Cartier and Tiffany Are Getting into AR to Sell Luxury to Gen Z (MIT Technology Review)   Will LVMH Try to Take Over Richemont (or Cartier)? (JCK)   India to Ban Sales of Gold Jewelry Without Six-Digit Hallmark (Mint) Events Rapaport Quarterly Pawnshop & Melee Auctions March 13-23 New York & Dubai More Details   Rapaport Single Stone Auction March 22 – April 3 New York & Israel More Details   Rapaport Jewelry Auction March 27-29 New York & Online More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1586 0.27% 2.65% -10.72%  0.50 ct 2664 -0.16% -0.27% -21.43%  1.00 ct 7454 -0.11% 0.08% -25.13%  3.00 ct 24551 0.14% -0.55% -17.44% Rapaport Investment Grade Diamonds

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