NewsBrief September 26, 2024 Does In-Factory Grading Help IGI Achieve Huge Margins? The International Gemological Institute (IGI) spent just 15% of its revenue on employee expenses in 2023. A comparison with US financials for the Gemological Institute of America (GIA) points to contrasting business models. Diamonds Shine at Bonhams Jewelry Sales California and Knightsbridge auctions achieve nearly $3 million combined. Jewelers of America to Honor John Green with Lifetime Achievement CEO of Lux Bond & Green will receive accolade for his devotion to the industry and his family-owned stores. Luxury Market Bottoms Out, and This Week’s Other News Members of the editorial team pick their favorite pieces from the internet. Trending Stories What’s Behind Contradictory Trends in the US Diamond Market? Another Enormous Find for Lucara: A 1,094ct. Rough Flagging Demand, China Downturn Hit Gemfields Emerald Auction Events Rapaport Single Stone Auction September 17 – October 7 New York, Dubai & Israel More Details Rapaport Melee Auction October 14-23 New York & Dubai More Details GemTalks Live Jewelry Grading: Assessing the 4Cs of Mounted Gemstones October 1, 2024, 10 a.m. EDT Online Register Here RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,030 -2.00% -6.61% -28.09%  0.50 ct 1,690 -1.79% -5.08% -14.96%  1.00 ct 4,723 -1.13% -4.61% -23.38%  3.00 ct 18,431 -0.08% -3.01% -17.35% Rapaport Investment Grade Diamonds

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