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Valentine’s Day exposes both the weaknesses and strengths of the diamond and jewelry market. For a product so driven by the idea of commitment and relationships, the holiday should be a coup for the industry, a second Christmas if you like.
De Beers underlying earnings jumped 74 percent year on year to $923 million in 2014, according to Anglo American’s share in the diamond company, as growth was driven by higher rough diamond prices and lower operating costs.
Biel/Bienne, Switzerland– Swatch Group reported Thursday that its profits declined sharply in 2014, amid moves it is making to combat the strong Swiss franc and launch a competitor to Apple Watch.
Tucson, Ariz.–In five years, more than one-fourth of the population will be between the ages of 20 and 34, half of them will be women, and a growing number will be multi-racial or multi-cultural.
Moscow – Fyodor Andreev, who was president of Alrosa from 2009 until he left this past fall for medical reasons, died Friday. He was 48.
New York – Though gold is expected to decrease in price again throughout the year, 2015 could end with a slight uptick, setting the stage for a price recovery next year.
Geneva – Sales growth in the U.S. outpaced that of other regions in the third quarter for luxury goods conglomerate Richemont, with jewelry and upscale e-commerce site Net-a-Porter turning in the strongest performances.
The United States is set to become an even more dominant market for the diamond industry in 2015. In a reversal of trends that have characterized the industry in the past few years,
The World Diamond Mark Foundation’s generic marketing initiative, an attempt to bring all in the diamond pipeline to collaborate on marketing was a topic widely touched up by all at the World Diamond Conference in Delhi recently.
Earlier this year, it would have been hard to believe that anything could top the consolidation of the industry’s two largest players, Zale Corp. and Signet Jewelers Ltd., in terms of news for 2014.
Digitally savvy jewelry brands are improving their web and mobile presences as the gap between them and those that are digitally deficient widens, a recent study by L2 shows.
I’ll start off this blog with a short confessional but not the scary, priest-behind-the-screen, say-10-Hail-Marys-type from my youth.