Diamond Prices Plummet in Difficult Market

NewsBrief   August 1, 2023   Diamond Prices Plummet in Difficult Market RAPAPORT PRESS RELEASE, August 1, 2023, Las Vegas… Diamond prices fell heavily in July as weak retail demand persisted. Jewelry a Standout for Kering in First Half Boucheron, Pomellato and Qeelin all delivered double-digit growth, company says.   US Jewelry Trade Shrinking at Faster Rate Number of business closures rose 8% year on year in second quarter.   Firestone Sales Slide in Sluggish Rough Market Revenue for April to June down 39% from last quarter. News Digest LVMH Wants to Remodel Every Tiffany Store (JCK)   A Scientific Discovery Could Show Where Diamonds Are Most Likely to Be Found (Robb Report)   Advertorial: The Next Step for GIA Diamond Reports (GIA) Events Rapaport Single Stone Auction July 24 – August 2 New York & Israel More Details   Rapaport Melee Auction August 15-23 New York & Dubai More Details   Rapaport Single Auction August 23 – September 5 New York & Israel More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1547 -0.43% -1.55% -1.07%  0.50 ct 2284 -0.94% -4.79% -24.36%  1.00 ct 6716 -0.65% -2.68% -23.94%  3.00 ct 23233 -0.60% -1.54% -15.22% Rapaport Investment Grade Diamonds

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