US Holiday Spending Hits Record as Inflation Eases

NewsBrief   January 22, 2024   US Holiday Spending Hits Record as Inflation Eases US retail sales showed record growth during the recent holiday season as the cost of goods went down and the job market improved. Jewelry Drives Strong Growth at Richemont Buccellati, Cartier, and Van Cleef & Arpels saw robust demand in China, Hong Kong and US.   India's Historical Jewelry Designer and painter Reena Ahluwalia discusses the most extraordinary jewels and diamonds from the country where these precious stones were originally discovered.   The Connection Between Lab-Grown and De Beers' Price Cuts The miner made sharp price reductions at its January sight, most notably in a category of larger, lower-clarity rough. News Digest Angola's National Diamond Company Forecasts Production of 14.6M Carats (Xinhua)   SCS Wants to Rate Colored Stones on Sustainability (JCK)   Market Comment: January 18, 2024 (Rapaport) 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 1423 0.16% 0.62% -6.41%  0.50 ct 2022 0.31% 3.18% -24.47%  1.00 ct 6028 0.00% 0.94% -19.80%  3.00 ct 22008 -0.07% -0.31% -11.04% Rapaport Investment Grade Diamonds

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