Flawed Diamonds Are Seeing a Complex Downturn

NewsBrief   August 14, 2023   Flawed Diamonds Are Seeing a Complex Downturn The price gap between nicer and inferior diamonds has widened in the lower clarities as buyers cherry-pick the best stones, according to manufacturers and exclusive Rapaport data. Grizzly Records Highest-Ever Emerald Sales Dubai auction brings in $48.6 million.   Brilliant Earth Boosted by Record Mother's Day Spending Revenue up 1.3% year on year in second quarter.   Market Comment Steady jewelry trading at Mumbai IIJS show lifts sentiment amid weak global demand. Trending Stories GIA Evaluates Solid Lab-Grown Diamond Ring   Karowe Mine Yields Massive Rough Diamond Weighing 1,080ct.   From Zero to Zircon Events Rapaport Melee Auction August 15-23 New York & Dubai More Details   Rapaport Single Stone Auction August 23 – September 5 New York & Israel More Details   Rapaport Single Stone Auction September 12-26 New York & Israel More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1524 -1.01% -2.52% -0.55%  0.50 ct 2219 -1.91% -5.90% -25.14%  1.00 ct 6621 -1.01% -3.12% -23.44%  3.00 ct 23023 -0.51% -1.35% -14.93% Rapaport Investment Grade Diamonds

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