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While the pandemic brought about an unprecedented shock to the whole diamond value chain in 2020, in a way it may also have acted as a catharsis of sorts for an industry that has been struggling to regain footing in recent years, in part due to a misalignment of supply and demand.
The luxury goods market in mainland China saw a significant boost in consumer spending in 2020, due to a reduction in international travel creating an exponential boost in domestic spending, according to a research report from Bain & Company.
De Beers, Alrosa and Rio Tinto have published their schedules for next year’s contract sales, which account for the bulk of the miners’ rough supply.
Online shopping has been the bright spot in U.S. retail this year, and a new report shows that consumers leaned heavily on e-commerce channels this holiday season in particular.
The Rapaport News team looks back at a tumultuous year in our final podcast of 2020, highlighting the most significant stories and trends that shaped our industry.
Russia has begun its chairmanship of the Kimberley Process (KP) after the organization deferred the role by a year due to disruption stemming from the Covid-19 pandemic.
New York City’s Diamond District was once again in the spotlight.
After such an unusual year, the last thing we need is another 2020 wrap-up or a 2021 prediction. Instead, I will share what I see happening right now in the most significant place for the diamond industry: US retail sales.
Unfortunately, many businesses did not survive this challenging year. There are a lot of lessons here for everyone in the diamond pipeline and the jewelry industry – lessons that hold true for most businesses no matter what they are.
Fluorescence—the soft glow a diamond emits when exposed to UV light—isn’t often emphasized in the marketing of diamonds and diamond jewelry.
Juliane Kippenberg of Human Rights Watch discusses the impact the pandemic has had on the jewelry trade’s responsible sourcing practices.
When it comes to engagement rings, it can feel like the same few forms and flourishes cycle in and out of style eternally—think half-pavé shanks and diamond halos.
