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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.
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.
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 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.
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.
At a forum in New York City Monday the 28th of October, De Beers executives spelled out their vision for the diamond industry of the future, one that is more responsive to changing societal mores and consumer desires.
US retail sales are forecast to increase by up to 5% this holiday season, while e-commerce spending could jump by 18%, Deloitte said Tuesday the 22th of October.
Kering, the owner of high-fashion houses Gucci and Yves Saint Laurent, reported robust sales in its jewelry and watch divisions in the third quarter amid growth in China and the introduction of new collections.
Tiffany & Co. just came out with its first holiday catalog featuring one-of-a-kind gifts and experiences.
Press release – ALROSA has acted as a co-organizer of the ‘Russian-African Collaboration in the Diamond Industry‘ Session, held as part of the Russia-Africa Economic Forum business program in Sochi.
Swiss watch exports jumped 10% to CHF 1.82 billion ($1.84 billion) in September, as orders from the US continued to grow.
After seeing success with its pilot program in Tanzania, the Gemological Institute of America will expand distribution of its gem guide for artisanal miners.