Blackstone Set to Buy IGI for up to $550M: Report

NewsBrief   May 18, 2023   Blackstone Set to Buy IGI for up to $550M: Report US private-equity firm Blackstone is on the verge of acquiring the International Gemological Institute (IGI) for up to $550 million, according to a report in the Indian press. De Beers Merges Two Auctions Amid Slow Market May and July sales will take place together.   Christie's to Offer 127ct. Diamond Without Reserve D-color, internally flawless stone carries estimate of up to $15 million at New York Magnificent Jewels.   Former London Diamond Bourse President Harry Levy Dies Exchange's honorary life chairman made broad contribution to industry. More News De Beers Sales Slip in Uncertain Market   US Retail Sales Gain as Inflation Eases   Feriel Zerouki Becomes President of World Diamond Council Events Rapaport Single Stone Auction May 17-30 New York & Israel More Details   Diamond Trends Webinar with Avi Krawitz: Why the Diamond Market Has Slowed May 18, 3:30 p.m. India Time Online Register Here   Rapaport Quarterly Pawnshop Auction June 6-13 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1605 -0.33% 0.36% -1.01%  0.50 ct 2525 -1.10% -3.17% -20.29%  1.00 ct 7087 -0.58% -2.40% -23.20%  3.00 ct 23892 0.16% -1.13% -15.36% Rapaport Investment Grade Diamonds

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