Diamond price “correction” unlikely this year, report says
The much-talked-about “readjustment” in skyrocketing diamond prices is not likely to happen this year, according to a new report from Bain & Co., sponsored by Antwerp World Diamond Centre.
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Exit interview with De Beers exec Stephen Lussier
[During the week of January 17], Stephen Lussier, De Beers’ longtime head of marketing, announced he was retiring after 37 years with the company. (He’ll remain a consultant to De Beers and chair of the Natural Diamond Council.)
China’s jewelry market sees another year of growth
Sales of luxury items in China jumped in 2021, with purchases of jewelry rising 35% as consumers continued to spend locally amid border closures, according to Bain & Company.
The vicious rough cycle
There were many factors behind the rough-diamond price hikes De Beers reportedly implemented this week. So much so that the move hardly surprised the market, even if it dominated discussions in trading and cutting centers and on online forums.
The pressure is on
The diamond industry has reason to be optimistic for 2022 after the excellent sales it witnessed last year. Fresh from the holiday season, the trade is justifiably upbeat as positive reports roll in about its bumper November and December period. The growth is a sure sign that consumers are connecting with jewelry for its emotional […]
Longtime De Beers Exec Stephen Lussier Retires
Stephen Lussier, the legendary De Beers executive who currently serves as its executive vice president for brands and consumer markets, is leaving that role after 37 years with the company.
Watch: What will 2022 bring?
Sherry Smith, Peter Smith and Edahn Golan join Editor-in-Chief Michelle Graff and try to answer the question, how long will the party last?
Alrosa’s “new” way of doing business
A new year, a new way of doing business. Alrosa introduced changes on 1 January which will, it says, provide buyers with more of what they want, and less of what they don’t.
Season looking festive
Halfway through the peak selling period, the trade is optimistic as the US, India and Hong Kong see an upturn.
2021’s diamond person of the year
There were many who powerfully influenced the market in the past year, but one candidate stood out from the rest.
Prices, fraud and grading: 2021’s top stories
You see what we did with that headline? Yep, anything with those words at the top (plus a bit of De Beers and the GIA) attracted readers in 2021, whether it related to the astonishing rebound in retail sales, the sharp rise in rough prices, or the seemingly growing incidence of traders trying to misrepresent […]
The hot streak continues: Holiday jewelry sales grew 32%
Despite the omicron variant, the jewelry industry’s stockings overflowed with cheer during the 2021 holiday, with jewelry sales rising 32% over the prior year, according to Mastercard’s SpendingPulse, the retail sales measurement service.
