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The JCK Las Vegas show that ended on Monday met the low expectations of the diamond trade. Polished diamond suppliers were reassured about the strength and stability of the U.S. market, even if sales were mediocre and buyers were pushing for deeper discounts.
The Vegas JCK and Couture shows not only cemented where the problems are, they also showed where positive change activity is taking place, possibly signaling the way for the rest of the category.
De Beers is bringing back its classic “A Diamond Is Forever” slogan for its Forevermark advertising, the company announced at its annual Forevermark breakfast at the Four Seasons resort in Las Vegas on May 28.
Everyone agrees that the diamond industry should do more generic marketing, along the lines of the fabled De Beers campaigns that created the industry. So the news that the major miners are forming a Diamond Producers Association was warmly received.
When the US Fed wants to slow economic growth, it raises interest rates. When it wants to stimulate economic growth, it lowers interest rates. That’s an application of supply and demand.
Based on official US government figures, between October 2014 and March 2015, retailers lost $550 million in fine jewelry and watch sales.
The International Gemological Institute (IGI) Hong Kong certified lab-grown, 10.02-carat, E, VS1, type IIa, square, emerald-cut stone produced by New Diamond Technology LLC of St. Petersburg, Russia.
Tiffany & Co. reported another weak quarter, with sales and earnings both falling due to the strong U.S. dollar and a decrease in Japanese sales.
Initiates $6M budget to engage in diamond research, marketing activity The major diamond mining companies have agreed to form an organization
Carlsbad, California – The Gemological Institute of America has cut off four clients traced to hundreds of diamonds submitted with an undisclosed treatment
De Beers announced that it has acquired a 33.4-percent equity stake in Synova SA, a laser cutting system provider.
After sliding for months, polished diamond prices showed signs of stabilizing in April, with the RapNet Diamond Index for 1-carat goods even increasing slightly.