Online Jewelry Sales Soared on Black Friday, Says Adobe

NewsBrief   November 27, 2023   Online Jewelry Sales Soared on Black Friday, Says Adobe Black Friday saw a strong showing for the jewelry sector, with e-commerce sales surging and overall demand positive, according to initial data releases. Low Diamond Demand, Struggling Chinese Economy Dent TSL Hong Kong jeweler reports loss of $7.5 million for first fiscal half.   Yellow-Diamond Ring to Lead Bonhams Sale London Jewels auction will also feature several single-owner collections.   Luk Fook Estimates 40% Rise in Profit Tourist rebound and positive consumer sentiment drove growth in first fiscal half. Trending Stories Consumer Alert: Synthetic Diamond Prices Crashing   Elizabeth Gage Celebrates 60 Years of Creativity with Anniversary Collection   Market Comment: November 23, 2023 Events Rapaport Single Stone Auction November 21 - December 4 New York & Israel More Details   Rapaport Quarterly Pawnshop Auction December 11-19 New York & Dubai More Details   Rapaport Melee Auction December 12-21 New York & Dubai More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,406 0.26% 0.59% -4.07%  0.50 ct 1,933 0.27% 1.56% -27.87%  1.00 ct 5,957 0.09% 0.55% -22.39%  3.00 ct 22,102 -0.34% 0.52% -12.20% Rapaport Investment Grade Diamonds

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