De Beers Output Flat Amid Mine Transition

NewsBrief   April 27, 2023   De Beers Output Flat Amid Mine Transition De Beers' production was flat year on year at 8.9 million carats in the first quarter as the company transitions its Venetia deposit in South Africa to underground mining. US Jewelry Business Closures Ease in First Quarter Some 133 companies exited the sector, compared to 187 during the same period of 2022.   Sotheby's Single-Collector Auction Smashes Estimate Jewelry from the Wolf family garnered $8 million against a high presale price of $6 million.   JVC Welcomes Three New Board Members Brandee Dallow, Steven Holtzman and Feriel Zerouki bring director total to 34. News Digest Mined and Lab-Grown Diamonds Face Off Online – But There's Still Room for Both (Fashionista)   Industry Groups Ask FTC to Crack Down on Use of "Sustainable" (JCK)   How Swarovski's CEO Plans to 'Shock and Dazzle" (Vogue Business) Events Rapaport Melee Auction May 9-17 New York & Dubai More Details   Rapaport Single Stone Auction May 17-30 New York & Israel Register Here   Rapaport Quarterly Pawnshop & Melee Auctions June 6-15 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1607 0.23% 0.39% -0.59%  0.50 ct 2590 -0.48% -1.86% -18.57%  1.00 ct 7208 -0.46% -1.96% -22.43%  3.00 ct 23998 -0.83% -1.75% -15.48% Rapaport Investment Grade Diamonds

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