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A friend of mine who operated three retail jewelry stores came to me a few years ago to see if I could help him put together a business plan for expansion of his business. He also asked if I could help him find some “growth capital.” As part of my due diligence prior to helping […]
Political correctness aside, psychologists have long ago determined that men and women are different: they think differently and they act differently. Men are highly focused single-taskers. Women are adept multi-taskers. Men and women also shop differently. They take distinctly different approaches to how they evaluate a product and how they buy it.
The annual India International Jewellery Show (IIJS) has surprisingly set the tone for what followed in the global diamond market in the past two years by going against the grain of expectation.
A recent article in The Wall Street Journal about Clinique’s new approach to selling makeup and beauty products has me thinking about potential ramifications for our industry. While the price points of jewelry and makeup are far apart (unless you happen to be in the market for some black diamond nail polish), the jewelry industry […]
Rubel & Ménasché has been supplying the jewelry houses of Place Vendôme with high-end small diamond goods for over 50 years. The company’s specialty is extremely well-finished stones, which it offers to top jewelry brands the world over.
A few months ago I went shopping for new eyeglasses, and stopped in a new optical store near my home. I told the shopkeeper what I wanted – round frames similar to Harry Potter’s. The shopkeeper smiled and said, “No, they are out of fashion.
There is somewhat of a dichotomy present in the high-end diamond sector. While the European luxury jewelry and watch companies continue to post strong growth, suppliers of diamonds used by this sector have noted a sharp slowdown in demand.
The Reserve Bank of India (RBI) backtracked somewhat on guidelines for exporters, currency exchange traders and authorized dealer category banks on converting foreign currency held in Exchange Earner’s Foreign Currency (EEFC) accounts into rupee in order to provide operational flexibility.
There is no doubt that the diamond industry is somewhat stuck in the murky waters again, a development that has brought about sad memories of 2008, when gem prices dropped by about 60 percent due to the global economic downturn.
Botswana is regarded as the world’s leading diamond producer by value and the second largest producer by volume after Russia. Of late the economy of the southern African nation had been under pressure given the somewhat poor performance of the diamond industry
It was for the first time that investment and synthetic diamonds and their impact on the diamond industry were seriously discussed at the JCK Show held on May 29 to June 4 in Las Vegas.
China’s current ‘Year of the Dragon’ appears to have lost some of its fire as investors and analysts view China’s economy with increasing caution. Chinese diamond buyers have picked up on that sentiment and are holding back from making large-inventory purchases as global economic concerns deepen and local consumer confidence fades.