New Holiday study reveals which gifts mean the most
From natural diamonds to one-of-a-kind objects and brands, consumer demand for ‘authenticity’ is more than a trend.
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20-carat blue diamond goes for $741K per carat
Petra Diamonds Ltd. found a buyer for the 20.08-carat blue diamond it unearthed in South Africa earlier this fall.
US, China boost Swiss watch trade
Swiss watch exports rose in October as increased orders from the US, China and Japan outweighed a significant drop in Hong Kong.
Synthetics vs. natural: the battle over value
In a jam-packed program, the Dubai Diamond Conference set the stage well for its main bout: finally, a match-up between the lab-grown and mined diamond producers.
70% of consumers are interested in ethically sourced gold
The World Gold Council just released the results of what it believes to be the largest piece of consumer research ever conducted on gold.
De Beers lowers global diamond-jewelry estimate
De Beers has restated its estimation of global diamond-jewelry sales following a new study valuing the diamond content in jewelry purchases since the 2008 recession.
Jewelry sales boost Richemont’s H1 results
Richemont missed the mark in the first-half but its jewelry sales remained strong, with Van Cleef and Cartier leading the charge alongside the luxury titan’s e-commerce sites.
Let’s get intimate
You know about intelligence quotient (IQ), you know about emotional quotient (EQ), but one term we might want to start paying attention to is Brand Intimacy Quotient (BIQ?). And that’s because this is a metric in which the luxury industry – from cars to handbags to jewelry – is scoring badly.
The average amount spent on an engagement ring is …
Couples are spending about 7 to 9 percent less on their engagement rings than they did two years ago, data collected from multiple sources shows.
Yellow prices fall in third quarter
Prices of yellow diamonds decreased in the third quarter, driving down the overall fancy- color index even while pinks and blues remained steady, the Fancy Color Research Foundation (FCRF) said.
Couples Prefer Customization over Size
Couples are prioritizing personalization and overall cost and quality rather than size when buying engagement rings, according to a survey by wedding-planning resource The Knot.
Diamond manufacturers must brace for automation
Imagine the following: A diamond-mining company operating with self-driving trucks loads its haul of ore to the processing plant, where rough diamonds are separated from waste and arranged in their rough forms into different sizes before being sent for further aggregation.