Why China’s Diamond Market Is in Dire Straits

NewsBrief   February 1, 2024   Why China's Diamond Market Is in Dire Straits Suppliers and jewelers are shutting early for the New Year holiday, and Indian companies are bringing their workers back from Hong Kong. Economic woes and social changes have pushed the mainland into a deep demand crisis. De Beers Sales Down but on the Mend at First 2024 Sight US holiday demand and restart of rough imports to India helping to stabilize industry.   Pandora CEO Joins WJI 2030 Board Alexander Lacik was chosen for his establishment of an "ambitious" sustainability program at Danish jeweler.   A Lab-Grown Diamond Ring Made of M&Ms, and This Week's Other News Members of the editorial team pick their favorite pieces from the internet. Trending Stories Why Bangkok Is the Go-To Spot for Colored Stones   De Beers Cuts Rough Prices by Average of 10% to 15%   Sponsored Content: How AGTA Is Putting Ethical Standards into Practice Events Rapaport Single Stone Auction February 7-14 New York & Israel More Details   Rapaport Melee Auction February 13-22 New York & Dubai More Details   Rapaport Single Stone Auction February 28 – March 6 New York & Israel More Details RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,419 0.00% 0.03% -7.14%  0.50 ct 2,028 0.06% 2.44% -23.91%  1.00 ct 6,027 0.00% 0.77% -19.27%  3.00 ct 22,045 0.04% 0.11% -10.95% Rapaport Investment Grade Diamonds

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