The Dire State of the Diamond Industry

NewsBrief   September 11, 2023   Rapaport Webinar: Warning to the Diamond and Jewelry Trade The situation in the diamond market is serious. Ahead of Martin Rapaport's webinar this Wednesday, we present below some of the latest developments in the industry's recent downturn. De Beers Loosens Buying Rules as Inventories Accumulate Miner allowing sightholders to defer certain rough purchases to early 2024.   GIA Lays Off 151 Employees at Carlsbad Headquarters Lab cuts location's workforce by 20% amid economic decline.   Podcast: What's Really Going On in Retail? Changes in buying habits — rather than inflation — are the main cause of the current weakness in spending, says US-based consultant David Marcotte. Trending Stories Two Plans for Sidelining Russian Diamonds   Rapaport Market Comment: September 7, 2023   Do Smaller Watches Have Staying Power? Events Rapaport Single Stone Auction September 12-26 New York & Israel More Details   Diamond Trend Webinar September 13 10 a.m. EDT Online Register Here   Rapaport Quarterly Pawnshop Auction September 18-27 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1450 -0.92% -5.08% -4.50%  0.50 ct 2030 -0.97% -8.91% -29.93%  1.00 ct 6292 -1.27% -5.16% -25.32%  3.00 ct 22710 -0.31% -1.68% -14.06% Rapaport Investment Grade Diamonds

CONTACT US

© Copyright 2023 by Rapaport USA Inc. All Rights Reserved. Rapaport®, TradeWire®, RapNet®, Index® and JNS® Jewelry News Service are registered trademarks.

Rapaport USA 133 East Warm Springs Road Suite 100 Las Vegas Nevada 89119 USA You received this email because you are subscribed to Daily NewsBrief from Rapaport USA. Update your email preferences to choose the types of emails you receive. Unsubscribe from all future emails