India clampdown on black cash prompts gold rush
Long-term outlook bleak for domestic gold and diamond jewelry market.
The R&M “Lettre”
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Will Trump presidency put some Sparkle Into the American economy?
It seemed pretty clear to me as I put fingers to keyboard this morning that this week’s Memo should probably talk about the impact of the forthcoming Trump presidency on the world’s biggest economy and largest diamond jewelry market.
Bringing personalized jewelry to the mass market
The Five-Minute Interview: Kent Wong. Chow Tai Fook continues to endure declining sales as a slowdown in China, especially in Hong Kong, shows little sign of abating.
Demand for natural blue diamonds drives color stone price rises in Q3
The Fancy Color Research Foundation (FCRF) reports that fancy color diamond prices continued to climb moderately during Q3 2016, at a rate similar to the previous quarter.
Sarine unveils automated clarity, color grading
Sarine Technologies launched equipment it claims can give an automated and accurate clarity and color grading for polished diamonds.
Forevermark reveals is holiday marketing plans
It will grow the Ever Us, Black Label, and Seize the Day campaigns.
De Beers now selling other companies’ polished diamonds
Singapore–De Beers announced that its auction sales business has launched a pilot program giving other diamond miners as well as manufacturers and traders the chance to sell polished diamonds on its auction platform.
Bain: chinese shoppers’ share of global luxury purchases drops to 30%
Even as China’s luxury market growth re-emerges into positive territory after two years of recession, 2016 marks the first time in history that Chinese consumers contributed less to global luxury sales than they did the year before, according to Bain & Company’s annual industry “Bain Luxury Study” report.
Forevermark rolls out 2016 holiday campaign
Stamford, Conn.–De Beers diamond brand Forevermark has started its advertising for the holiday season, tackling the all-important shopping time with a three-tier program.
With undisclosed synthetic diamonds, the situation is still uncertain
This week’s forum in New York City offered some general guidelines for retailers looking to protect themselves.
Where are the Ultra-Wealthy now ?
New York, NY—The world’s ultra wealthy population remained flat in 2015, as the number of individuals with US$30 million or more in net assets grew just 0.6% and total ultra high net worth (UHNW) wealth increased by 0.8%, according to the latest World Ultra Wealth Report released last month by Wealth-X.
Richemont’s CEO to resign, won’t be replaced
The managers of all of Richemont’s different brands will report to the company’s board.