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There was little surprise when Time magazine named Donald Trump its ‘Person of the Year.’ Love him or hate him, Trump left his mark more than any other individual on 2016. Notably, the choice says as much about the impact he will potentially make as it does about his historic election.
Israel’s diamond industry has undertaken several initiatives this year to lift the level of trading, and morale, in an otherwise challenging market environment.
Profit is the new turnover in the diamond trade. As retail inventory levels continue to shrink due to recession-driven efficiencies, the trade has had to change its mindset.
A month after the sudden announcement by the Indian government that it was withdrawing 500 and 1,000 rupee notes as part of a battle against corruption, the shockwaves are still being felt by the country’s diamond industry from the so-called demonetization.
Antwerp–The Antwerp World Diamond Centre and consulting firm Bain & Company have released their sixth annual global diamond jewelry report.
If there has been one exceptionally clear trend during the US Presidential campaigns of 2008, 2012 and 2016, it is that the population of the world’s biggest diamond and jewelry market has changed and is continuing to do so rapidly.
Even as China’s luxury market growth re-emerges into positive territory after two years of recession, 2016 marks the first time in history that Chinese consumers contributed less to global luxury sales than they did the year before, according to Bain & Company’s annual industry “Bain Luxury Study” report.
What is the volume of diamonds American specialty jewelry retailers sell every year? Are there pockets of opportunity within items that are losing favor? And how many lab-grown goods are really selling? More importantly, what is the sales pattern and trend?
The participants of the Kimberley Process (KP) established in 2000 in Kimberley at the initiative of South Africa, Botswana and Namibia are diamond producing and diamond importing countries, which pursue the aim to prevent trading in the so-called “conflict diamonds“
The Hong Kong Jewellery & Gem Fair set an improved tone for the diamond market despite challenging conditions in the Far East.
The release in August by Tiffany & Co. of its sixth annual Sustainability Report outlining the company’s corporate social responsibility work, commitment to the environment, and contributions to the communities
Summer is the most boring time for a diamond journalist. There is virtually no news in our market at this time of the year. Especially now, as all major players have already said that they do not expect changes in the market before the end of the year.