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After a roller coaster 2020, 2021 continued the upswing in jewelry sales to a degree few if any expected. Sales in October rose 37%, and we expect holiday jewelry sales to top that and close a fantastic year for the industry.
Press release – Younger generations more interested in ethics and sustainability as the new status in luxury and are prepared to pay a premium for this.
Press release – Trend being led by younger consumers who value evidence of sustainability credentials.
Heading into the holiday season, the Rapaport Diamond Podcast assesses the prospects for the industry considering recent market developments.
US holiday retail sales will soar this year amid a return to in-person shopping, a release of pent-up demand, and higher disposable income, Deloitte predicted.
The world’s largest manufacturing center faces some unfamiliar challenges amid apparent supply and labor shortages.
The added value of a business is no longer just the product and service it provides, asserts Anish Aggarwal, a partner at diamond-industry consultancy Gemdax.
It also has a new sourcing program called Code of Origin and a partnership with National Geographic to help protect the Okavango Delta.
After the COVID-19 pandemic forced many couples to postpone or cancel their weddings in 2020 and 2021, forecasters are now predicting a “wedding boom” in 2022.
Among the challenges of assessing the lab-grown diamond market is the lack of published data on the sector. That’s largely because none of the companies operating in the space are publicly traded, which would require them to disclose metrics such as sales, profit and production.
These five themes are defining the diamond market this year, and likely beyond.
The diamond industry is in its healthiest state in over a decade, but it will need to be proactive if it wants to maintain that progress.
