The diamond market suffering from an oversupply of rough diamonds and changes in the consumer priorities in retail turned out to be a fertile ground for the seeds of COVID-19 that is devastating to the global economy. The coronavirus almost completely froze the diamond trade and forced major players to make unprecedented concessions to their […]
Indian diamond manufacturers are planning a curtailed Diwali break as they scramble to fulfill US holiday orders amid a shortage of polished.
There was a moment during the 2019 Academy Awards ceremony that made the jewelry world stop and gasp. Lady Gaga, who would later that evening collect the coveted Oscar for best original song, stepped onto the red carpet in an Alexander McQueen dress, black leather gloves, and a storied yellow-diamond necklace by Tiffany & Co.
Dear readers, First of all, we owe you a big and heartfelt “THANK YOU”. Thank you to everybody who answered the questionnaire, thank you for taking the time for us and thank you for giving us so much detail. It gives us great pleasure and is an enormous help in our effort to be transparent […]
Gaetano Cavalieri: Diamond producers no longer insisting that clients purchase what they are offered
Dr. Gaetano Cavalieri has served for the past 19 years as president of CIBJO, the World Jewellery Confederation.
According to Bain & Company (The Global Diamond Report 2019), the global jewellery market in 2019 was estimated at approximately $330 bn. Diamond jewellery sales are estimated at $80 bn, and its luxury segment accounts for about 10% (~$8 bn) of the sum.
U.S. consumer confidence increased in September to its highest level since the COVID-19 pandemic began.
After a year of pains, and ahead of one of the most complicated years since World War II, De Beers’ market share sank in 2019. Not only De Beers, but ALROSA, Rio Tinto, and Petra all lost market share.
A new diamond price list hopes to become an industry-wide resource that will tally data from many different sources.
Every setting. Every connection. Everlasting memories. Explore the natural diamond pieces worn by the actress Ana de Armas in our new For Moments Like No Other campaign, from pendants on a radiant afternoon to layered rings at an intimate wedding ceremony to bangles at a chic starlit get together. When it comes to diamond-wearing, the […]
Global diamond production sank 6.9% in 2019, the deepest plunge in a decade. By value, production dropped 6.2%. There were good reasons for this, and our updated production forecast calls for an even more significant slide in 2020.
The diamond business has continued to absorb the repercussions of the global pandemic. Polished diamond wholesale prices, after a small improvement in June, continued to mostly slide in July. This coincides with an ongoing decline in jewelry share of wallet.