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.
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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.
Small diamonds seeing big gains
Low-value stones are the latest hot commodity among jewelers and manufacturers alike, but the rampant demand has been driving up prices and making these goods harder to find.
Two marketing strategies and a big jackpot
In the industry discussions on the role and prospects of synthetic diamonds (SDs) and their advantages and disadvantages in comparison with natural diamonds (NDs), it is always emphasized that SDs comparable in characteristics are much cheaper (at least by 50%) than NDs.
US Holiday jewelry sales predicted to rise 40%
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.
New research highlights generational shift in attitudes towards provenance of luxury goods
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.
New De Beers research shows sustainability now on par with price and design when consumers choose diamonds
Press release – Trend being led by younger consumers who value evidence of sustainability credentials.
Podcast: ready for the Holidays
Heading into the holiday season, the Rapaport Diamond Podcast assesses the prospects for the industry considering recent market developments.
Deloitte: US Holiday sales set for strong growth
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.
India considers its future
The world’s largest manufacturing center faces some unfamiliar challenges amid apparent supply and labor shortages.
Podcast: adding value to the narrative
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.
