Diamond prices stable after year of declines
1 ct. RapNet Diamond Index -5.3% in 2019.
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2019: a year of mixed fortunes for a diamond industry that is heading for a steadier future
Significant changes have been deeply rooted in the diamond industry over the past ten years. The industry that we see now, in early 2020, is in step with a calmer future, which is progressively and more precisely taking shape.
This is how a confusing diamond decade played out
Because the diamond industry is one of slow-paced, moderate changes, it’s worth examining these over a decade of activity. What’s happened between the time the industry clawed its way out of the Lehman Brothers crises to the current deep slump? Considering the many conflicting changes, it was a confusing diamond decade.
The diamond market will recover, though not yet, report says
The diamond market will likely overcome its current challenges by 2021, but until then it will weather another bumpy year or two, according to the annual report on the diamond industry prepared by Bain & Co. and Antwerp World Diamond Centre.
The next diamond decade – The roaring ’20s
It wasn’t that long ago that De Beers declared the 2010s “The Diamond Decade.” Growth in China and India was projected to drive demand, while the US would take small steps out of recession. This is what Varda Shine, then-head of De Beers’ supply arm, the Diamond Trading Company (DTC), predicted in a 2010 interview […]
ABN Amro tightens diamond lending terms
ABN Amro will implement changes to its guidelines for lending to the diamond industry in 2020, reasoning that the trade has become more efficient and now requires less credit.
What Tiffany’s acquisition means for the jewelry industry
Life as the resident retail reporter at National Jeweler can be a bit of a bummer.
Thanksgiving deals draw record number of shoppers, says NRF
Washington—A record number of shoppers flocked to sales from Thanksgiving through Cyber Monday this year and spent more than last year, according to a survey by the National Retail Federation and Prosper Insights & Analytics.
Global diamond production value rises
Global rough-diamond output grew 2% to $14.47 billion last year, reflecting higher production in Botswana, according to data the Kimberley Process (KP) released last week.
Inventories up, demand down and lab-grown prices continue to drop
The diamond industry is out of balance. The rough diamonds produced at mines only partially fit current consumer demand. This may explain why price movement is restrained. Meanwhile, among lab-grown goods, matters are a little more lively.
China slowdown hits swiss watch exports
Swiss watch exports fell in December, with a sharp decline in China outweighing growth in other markets.
ABN AMRO diamond outlook: lab-grown stones to enter growth phase
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.
