Diamonds in the Safe: The Industry’s Oversupply Challenge
Manufacturers, dealers and jewelers overbought during positive periods, ignoring the lessons of previous up-and-down cycles.
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India’s Polished Exports Continue to Decline
India’s polished-diamond exports slumped 39% year on year to $1.32 billion in April, according to recent data from the country’s Gem & Jewellery Export Promotion Council (GJEPC). The trade has seen declines in polished exports for three of the first four months of 2023, as the US and China consumer markets have slowed. Rough imports […]
De Beers examining “all options” for Forevermark
De Beers is considering a range of possibilities as it ponders the future of its Forevermark diamond brand, chief financial officer Sarah Kuijlaars tells JCK following the release of the company’s 2022 financial results.
Will the wedding boom continue?
The bridal sector hopes the momentum will last following the busiest year for nuptials in almost four decades.
India manufacturing slump hits Sarine results
Sarine Technologies’ sales fell last year as the diamond market’s global slowdown led to a reduction in polished manufacturing at Indian factories.
4 predictions for the diamond market in 2023 and beyond
Experts and Editor-in-Chief Michelle Graff share views on natural diamond prices, lab-grown supply, and diamond jewelry sales in 2023.
De Beers’ Cleaver: Lightbox was “one of the scariest things I’ve ever done”
In part 2 of our exit interview with De Beers CEO Bruce Cleaver, he reviews the big events of his tenure, from Nirav Modi’s implosion to the COVID-19 pandemic to De Beers’ still-controversial introduction of lab-grown brand Lightbox.
The industry’s Russia crisis: the importance of Alrosa
The diamond market has yet to feel the full effect of the war in Ukraine. Initial predictions pointed to a potential supply shortage that would result from having Alrosa, with its large share of global rough production, off the market. However, those scarcities have not emerged significantly.
Exit interview with De Beers CEO Bruce Cleaver (part 1)
In two weeks [February 20], Bruce Cleaver will step down as De Beers CEO, after six years in the role. His replacement will be energy executive Al Cook.
EU sanctions are back on the table. Will they work?
The bloc is considering a quota or other restrictions on Russian diamonds. Industry members and politicians claim only a global effort will have an impact.
Holiday sales miss target as inflation dents spending
US retail sales saw slower-than-expected growth during the recent holiday season amid inflation and high interest rates, according to the National Retail Federation (NRF).
De Beers slashes prices of larger rough diamonds
De Beers has made sharp price changes at this week’s sight, implementing deep reductions in larger goods and increases for smaller stones.
