Petra Sales Fall Amid Slow Market Recovery

NewsBrief   January 17, 2024   Petra Sales Fall Amid Slow Market Recovery Revenue at Petra Diamonds declined in the first fiscal half as slow demand and India's two-month buying halt affected the miner's rough sales. Rio Tinto Output Dwindles as Mine Depletes Rough-diamond production down 50% year on year in fourth quarter.   Lucara Digs Up 166ct. Rough from Karowe Type IIa diamond was found at mine's high-value M/PK(S) unit in the south lobe.   Greater Number of US Jewelry Stores Shutter in 2023 192 more locations closed down last year than in 2022. News Digest Russian Diamond Sanctions Start in March, but Details Still Fuzzy (JCK)   Jeweler Signet Is Stuck in the Past Subscription Required (Bloomberg)   The Most Jaw-Dropping Jewelry Looks at the Delayed 2023 Emmy Awards (Town & Country) Events Rapaport Melee Auction January 16-25 New York & Dubai More Details   Rapaport Single Stone Auction January 17-29 New York & Israel More Details   Live Webinar with Martin Rapaport January 23 11 a.m. EST (9:30 p.m. India) Online Register Here RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,426 0.26% 1.16% -5.63%  0.50 ct 2,024 1.07% 3.76% -24.17%  1.00 ct 6,036 0.51% 1.34% -19.52%  3.00 ct 22,113 0.76% 0.51% -10.57% Rapaport Investment Grade Diamonds

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