G7 to Work on Restricting Trade in Russian Diamonds

NewsBrief   May 22, 2023   G7 to Work on Restricting Trade in Russian Diamonds The Group of Seven (G7) nations have pledged to focus on keeping Russian diamonds out of the market, while the UK will ban them completely. Blackstone Buys IGI for Nearly $570M China's Fosun International and CEO Roland Lorie will sell stakes.   Market Comment: Russia in the Spotlight Polished trading quiet. Jeweler inventory replacement down amid economic caution.   Petra's Rough Prices Sink Amid Softening Demand Like-for-like valuations dropped 13% at miner's fifth tender. Trending Stories Stanley Zale Exits Stuller After 17 Years   Bulgari Blue Diamond Rakes In over $25M   Is It Time to Try TikTok? Events Rapaport Single Stone Auction May 17-30 New York & Israel More Details   Rapaport Quarterly Pawnshop Auction June 6-13 New York & Dubai More Details   Rapaport Melee Auction June 6-15 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1595 -0.73% -0.33% -1.73%  0.50 ct 2517 -0.95% -3.13% -20.66%  1.00 ct 7088 -0.43% -1.87% -23.20%  3.00 ct 23837 -0.39% -1.28% -15.15% Rapaport Investment Grade Diamonds

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