De Beers Sales Slump at July Sight

NewsBrief   July 27, 2023   De Beers Sales Slump at July Sight De Beers' rough sales fell for the sixth consecutive cycle as a slowdown in the global diamond industry persisted and the company made further price reductions. Tiffany Store Revamp Drives Jewelry Growth at LVMH Division's sales up 11% in first half of 2023.   Rio Tinto Revenue Falters Amid Dwindling Supply Diamond sales came to $250 million in the first half, compared with $465 million a year earlier.   Tupac Shakur's Diamond and Ruby Ring Rakes In $1M Piece becomes most valuable hip-hop artifact ever sold, according to Sotheby's. News Digest The Last of Them: Tiffany & Co.'s Last Batch of Pink Diamonds (Prestige)   Unpacking Dolce & Gabbana's Grand High-Jewelry Ambitions Subscription Required (Vogue Business)   This Diamond Brooch Witnessed Royal Weddings and Coronations. Now It's Up for Grabs (Robb Report) Events Rapaport Melee Auction July 18-27 New York & Dubai More Details   Rapaport Single Stone Auction July 24 – August 2 New York & Israel More Details   Rapaport Melee Auction August 15-23 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1555 0.25% -1.19% -0.94%  0.50 ct 2301 -1.04% -4.73% -24.08%  1.00 ct 6764 -0.42% -2.49% -23.76%  3.00 ct 23340 -0.20% -1.29% -15.23% Rapaport Investment Grade Diamonds

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