Diamond

Diamond Market Worsens in September

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RAPAPORT PRESS RELEASE, October 12, 2023, Las Vegas… Diamond prices fell further in September as retail sales weakened amid competition from synthetics. Polished inventories were still high relative to sales expectations, despite lower production.

The RapNet Diamond Index (RAPI) for 1-carat diamonds fell 5.2%, making it the worst month for that category since the peak of the Covid-19 downturn in March 2020. The 0.30-carat RAPI dropped 3.5%, while the index for 0.50-carat goods slid 7.1% and 3-carat diamonds declined 2.5%.

The RAPI only reflects D to H colors and IF to VS2 clarities. Prices for 1-carat, DL, SI1-SI2 items on

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American man finds huge diamond on day out in park

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A man who picked up what he thought was a piece of glass at a state park says he later learned his jelly bean-sized find was something much more valuable: It was a 4.87-carat diamond.

Jerry Evans visited Crater of Diamonds State Park in Murfreesboro, Arkansas, for the first time with his girlfriend last spring, he told park officials.

Evans says about 10 minutes after they arrived, he spotted what looked like glass a few feet away on top of a plowed ridge, according to a news release.

Jerry Evans visited Crater of Diamonds State Park in Murfreesboro, Arkansas, for
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“E! News” Reporter Loses 4-Carat Diamond Ring on 2024 Golden Globes Red Carpet

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While fashion emergencies aren’t anomalies on the red carpet (celebrities fit themselves into all kinds of couture ensembles for these high-profile moments), one reporter’s jewelry mishap at the 2024 Golden Globes, which took place on January 7, 2024 at the Beverly Hilton in Los Angeles, California, went beyond a simple broken strap or stiletto heel. E! News reporter Keltie Knight, who hit the red carpet in a crystal-studded pink from Khaled & Marwan Couture, signed onto Instagram mid-event to share that the crown jewel of her ensemble, a four-carat diamond ring she’d been wearing on that finger, had suddenly gone

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Diamond

Russia’s war sanctions: EU targets Alrosa, the world’s biggest diamond miner

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BRUSSELS (AP) — The European Union imposed sanctions on the world’s biggest diamond mining company and its chief executive officer on Wednesday as part of what it called its “unwavering commitment” to Ukraine in the war against Russia.

The move targeted Alrosa, which accounts for about 90% of Russia’s diamond production, and CEO Pavel Marinychev. The EU headquarters said the company “constitutes an important part of an economic sector that is providing substantial revenue” to Moscow.

It means Alrosa’s assets in Europe will be frozen and EU citizens and companies will be barred from making funds available to the company.

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