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The diamond market is in a Mexican standoff, one diamantaire observed with an air of bewilderment in a conversation [during the week of February 21]. No one knows who’s going to move first — buyers who have orders but lack urgency or suppliers who are at times unwilling to sell because they expect to get […]
Miners can’t deliver product fast enough as US retail demand strengthens, driving up diamond prices.
The number of weddings is expected to near 2.5 million in the United States this year, a number not seen since 1984.
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.
[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.)
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.
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 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 […]
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.
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?
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.
Halfway through the peak selling period, the trade is optimistic as the US, India and Hong Kong see an upturn.
