Diamond Prices Fall as Retail Slump Continues

NewsBrief   July 4, 2023   Diamond Prices Fall as Retail Slump Continues RAPAPORT PRESS RELEASE, July 4, 2023, Las Vegas… De Beers' 10-year sales deal with the Botswana government was a boost for the industry. Hong Kong Luxury Sales Grow Amid Tourism Spike Revenue from jewelry, watches, clocks and other valuable gifts up 52% in May.   Bonhams to Offer $100K Cartier Diamond Ring Piece featuring rectangular step-cut, 3.89-carat stone between two emeralds will lead California Jewels sale.   Gem Diamonds Recovers 164ct. Yellow Diamond Stone is second over 100 carats from Letšeng this year. News Digest Wagner's Real Money Never Came from Diamonds and Gold (Vox)   Namibia to Renegotiate Deal with De Beers (The Namibian)   Tiffany Chief Gemologist on Working with World's Most Precious Stones (Options) Events Rapaport Single Stone Auction June 27 – July 10 New York & Israel More Details   Rapaport Jewelry Auction July 10-12 New York & Online More Details   Rapaport Melee Auction July 18-27 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1570 -0.24% -0.51% -2.29%  0.50 ct 2389 -1.06% -3.39% -23.09%  1.00 ct 6872 -0.93% -2.66% -24.22%  3.00 ct 23504 -0.60% -1.20% -16.05% Rapaport Investment Grade Diamonds

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