Diamond Prices Continue to Fall

NewsBrief   September 5, 2023   Diamond Prices Continue to Fall RAPAPORT PRESS RELEASE, September 5, 2023, Las Vegas… The diamond market weakened in August as economic challenges persisted and synthetics expanded their market share. Belgian Regional Government Invests in Diamond Traceability Solution Tech provider iTraceiT will use $273,000 to expand into India and the US.   Swarovski Takes Lab-Grown Global with Aid of IGI Crystal maker's targets include Europe, Far East and UAE.   Borsheims Promotes Four Executives Adrienne Perry, Sean Moore, Julie McAlpine and Andy Brabec take on newly created roles. News Digest Lab-Grown Gems Are Crashing Prices for One Key Type of Diamond (Mining Weekly)   LVMH-Backed Luxury Watch Site Hodinkee Cuts a Fifth of Jobs (Fashion Network)   Watches of Switzerland Should Be Worried About Its Rolexes (The Washington Post) Events Rapaport Single Stone Auction September 12-26 New York & Israel More Details   Rapaport Quarterly Pawnshop Auction September 18-27 New York & Dubai More Details   Rapaport Melee Auction September 19-29 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1463 -1.61% -5.02% -3.89%  0.50 ct 2057 -2.23% -9.44% -29.30%  1.00 ct 6371 -1.06% -4.93% -24.82%  3.00 ct 22785 -0.10% -1.76% -14.28% Rapaport Investment Grade Diamonds

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