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The diamond industry has moved from a relatively stable environment to a highly uncertain environment, with 2019 and the years ahead seeing lab-grown diamonds for jewelry entering a growth phase, said ABN AMRO Bank in a report.
Sales of Forevermark jewelry rose 8% year on year in 2018, according to the brand’s owner, De Beers.
Richemont’s jewelry sales increased 9% in the third fiscal quarter, as strong growth in Asia Pacific offset weakness in Europe and the Middle East.
Before we get too far into the new year, I would like to attend to some business from last year.
News flow out of the diamond industry in 2018 has been dominated by the progression of lab-created diamond production, distribution and pricing dynamics.
Tiffany & Co., Forevermark and Le Vian were among the brands celebrities wore at Sunday’s Golden Globes awards, with Lady Gaga’s opulent display of diamonds stealing the show.
Retail sales of jewelry and other luxury items in Hong Kong declined for the first time in 17 months as global economic uncertainties impacted consumer sentiment.
With the synthetics brand now a reality, Lightbox managing director Steve Coe talks about what’s next for the project.
Tiffany & Co. announced today it is now including country-of-origin information on just about all the diamonds it sells over 0.18 cts.
Press release – Tracr™, the end-to-end diamond industry blockchain traceability platform being developed by De Beers Group in collaboration with key industry stakeholders, today announced that Chow Tai Fook Jewellery Group (“Chow Tai Fook”) has joined the platform’s pilot programme.
Millennial consumers can be divided up into three main segments, says Tim Schlick, chief strategy officer at Platinum Guild International.
As the final days of 2018 pass by, the year has been somewhat of a roller-coaster ride. But then, what’s new about that, some might say.
