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It is looking like a solid holiday for natural diamonds, and while gem sales may fall from 2021, the industry will still probably end up way ahead of where it was pre-pandemic, says industry analyst Paul Zimnisky.
Top brands have shown it’s possible to shed the commodity tag.
Experts discussed the important topic of fancy-shape diamonds in the latest Rapaport webinar, sharing their views on what’s driving demand and how technology is changing the market.
Vipul Shah, who has served as vice chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC) for the last two years, was recently elected the group’s new chair.
The world’s largest manufacturing center is relatively upbeat about the domestic jewelry market ahead of Diwali, but it is less optimistic about global prospects.
Bridal remains a likely driver of holiday results amid growing fears of recession.
The Natural Diamond Council (NDC) has launched a new advertising campaign ahead of the holidays, signing up British actress Lily James as its global ambassador.
In our security-dominated lifestyle, where completing a simple transaction usually requires a username and password, facial recognition, or some other form of technology, it is almost refreshing to see that the memo — a practice nearly as old as the jewelry industry itself — is alive and well.
While De Beers—and the jewelry industry as a whole—have enjoyed a strong first half of 2022, the company feels a lot more cautious about the second half, CEO Bruce Cleaver told JCK in an interview Friday [July 29], a day after the release of De Beers’ first-half financial results.
Depending on which sales measurement service you consult, July’s jewelry sales either continued the industry’s unprecedented hot streak or showed that its amazing two-year run was cooling off.
Jewelry sales boasted an impressive performance in the first half of 2022. Sales rose nearly across the board – a particularly impressive act against the excellent performance of 2021. However, as the months went by, sales deteriorated until they fell behind in June.
The De Beers Group has appointed industry veteran Ivette Nersesyan-Stephanopoulos as the company’s vice president of code of origin and trade services for North America.
