Upbeat figures across the diamond pipeline gives mid-year cheer
Looking at news reports this week, one standout trend appears to be the strength of the diamond market currently.
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Looking at news reports this week, one standout trend appears to be the strength of the diamond market currently.
Tiffany & Co. is the top luxury brand in the United States, according to a recent study among consumers.
So? Where are we headed? Will this be a year of renewal, with huge margins and an increasing sense of security?
Is the diamond industry moving forward? Is it on a growth track? Is it taking steps that would lead it to capture market share from other luxury goods, greater share of wallet, or at least improve its margins?
The Antwerp World Diamond Centre (AWDC) and Bain & Company have released their seventh annual global diamond report, covering 2016 and the first half of 2017.
Much of what’s contained in De Beers’s 2017 Diamond Insight Report was foreshadowed by company executives at the annual Forevermark breakfast held during the Las Vegas jewelry shows back in June.
Of late many Indian diamond as well as jewellery companies have been hit hard due to the slowdown in the international consuming markets.
Have you noticed that a significant part of analytical articles published lately contain this phrase, “… Since the time the diamond monopoly of De Beers ended…“? Time and again, experts recall this, regretfully mulling over the decline in consumer demand, the recurring downturns in the market, the volatility of prices, and the need for generic […]
It is more than two months since demonetisation of high-value currency notes in India took effect, but the resilient gems & jewellery industry, though stirred, stands strong and stoic in the face of adversity.
Jewelry orders improved at this week’s Signature India International Jewellery Show (IIJS), following a government demonetization program that had frozen activity since November.
So here it is, 2017 is already one month old, we have got over our end of year excesses, we are beginning to come to terms with the winter cold and… we are setting our sights on the year ahead.
AWDC and Bain & Company noted in their 2016 global diamond report that rough-diamond revenues declined by 24 percent in 2015 as the midstream segment sold down accumulated inventories.