Why the industry’s in a funk: 6 theories
We are seeing an interesting contrast: Business wise, this industry is doing okay. Psychologically, it’s a mess.
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The experiential economy
This week Time Inc. and YouGov, a U.K.-based market research firm, released their 10th annual Survey of Affluence and Wealth, which polls more than 6,000 wealthy consumers worldwide.
Surat diamond units extending summer break
Diamond workers in India’s cutting and polishing center of Surat are getting an extended summer vacation.
Gaetano Cavalieri: I expect our industry to experience steady growth, but not at the pace of the past few years
The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products.
Moms to be treated to jewelry worth $4.3 billion this Mother’s Day
Spending on jewelry for Mother’s Day is set to reach a high of $4.3 billion this year, with 34.2 percent of shoppers opting for something sparkly for the woman in their life, according to the National Retail Federation (NRF).
The ‘different schema’ of the millennial shopper
New Orleans – Understanding how millennials work can help retailers reach them, and one seminar at the American Gem Society’s Conclave 2015 helped to identify just who these consumers are.
Botswana diamond industry facing tough times
There is trouble ahead in Botswana, despite the country’s promise as a major diamond manufacturing sector. A number of companies in the country have either shut their doors or laid off staff since the end of last year.
Rethinking the diamond model
Sometimes, connecting figures in ways in which they are not usually put together can highlight a great truth – a truth hiding in plain sight. Most people who follow the diamond industry already are familiar with the following figures.
Dubai Diamond Conference to highlight industry financing
The Dubai Diamond Conference, which takes place from April 21-22 at the Dubai Diamond Exchange (DDE), will be running a panel on industry financing.
LVMH sees growth in first quarter revenue
Paris – With “excellent momentum” in the United States and Europe, LVMH recorded a 16 percent increase in first quarter sales, or 3 percent with comparable structure and constant exchange rates.
Chanel to sell fine jewelry collection on Net-A-Porter
Chanel, which until now has resisted e-commerce for all of its products save makeup, has partnered with Net-A-Porter to sell a new fine jewelry collection during a three-week pop-up on the luxury e-commerce site.
Fujairah National Bank adds diamond funding focus
The National Bank of Fujairah (NBF) has announced its willingness to enter the diamond industry funding arena.