NewsBrief August 21, 2024 Synthetics Grower Lusix Seeks Creditor Protection – Report Israel-based synthetic-diamond producer Lusix has asked a court for temporary protection from creditors amid debts of around $28 million, according to a report in the country’s media. Swiss Watch Exports Rebound Despite China, Hong Kong Weakness Shipments up 1.6% year on year in July amid strong demand in US and Japan. Asian Star Sales Hit by Weak Diamond Market Revenue from segment down 27% year on year in first fiscal quarter. Chronicling the Craftsmanship of Van Cleef & Arpels In a new book, the French jewelry house lays out its history and its most iconic designs from the first half of the 20th century. News Digest Mumbai Court Says Valuer Abetted Mehul Choksi in Giving Inflated Value of Jewelry (The Indian Express) Gen Z’s High Expectations Are Redefining Luxury Brands (Jing Daily) Diamond Houses Strive to Win Back Choosy Chinese Buyers, Plan $8M to $10M Campaign with De Beers (The Economic Times) Events Rapaport Melee Auction August 14-22 New York & Dubai More Details Rapaport Quarterly Pawnshop and Melee Auctions September 16-26 New York & Dubai More Details Rapaport Single Stone Auction September 17 – October 1 New York, Dubai & Israel More Details The RapNet Diamond Index (RAPI™) is being revised due to elimination of diamond listings from China. These diamonds have been listed at low prices, with sellers demanding extra fees related to currency conversion. This week’s technical increase in RAPI indices does not reflect any sudden change in market conditions or prices. RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,103 1.06% -1.69% -26.85%  0.50 ct 1,783 1.15% -0.60% -18.57%  1.00 ct 4,968 1.40% -1.11% -24.28%  3.00 ct 19,045 0.82% -0.50% -17.02% Rapaport Investment Grade Diamonds

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