New research highlights generational shift in attitudes towards provenance of luxury goods
Press release – Younger generations more interested in ethics and sustainability as the new status in luxury and are prepared to pay a premium for this.
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New De Beers research shows sustainability now on par with price and design when consumers choose diamonds
Press release – Trend being led by younger consumers who value evidence of sustainability credentials.
Podcast: ready for the Holidays
Heading into the holiday season, the Rapaport Diamond Podcast assesses the prospects for the industry considering recent market developments.
Deloitte: US Holiday sales set for strong growth
US holiday retail sales will soar this year amid a return to in-person shopping, a release of pent-up demand, and higher disposable income, Deloitte predicted.
India considers its future
The world’s largest manufacturing center faces some unfamiliar challenges amid apparent supply and labor shortages.
Podcast: adding value to the narrative
The added value of a business is no longer just the product and service it provides, asserts Anish Aggarwal, a partner at diamond-industry consultancy Gemdax.
De Beers is bringing back its ‘A Diamond Is Forever’ ads
It also has a new sourcing program called Code of Origin and a partnership with National Geographic to help protect the Okavango Delta.
Next year will see a wedding boom, forecasters predict
After the COVID-19 pandemic forced many couples to postpone or cancel their weddings in 2020 and 2021, forecasters are now predicting a “wedding boom” in 2022.
A call for synthetics transparency
Among the challenges of assessing the lab-grown diamond market is the lack of published data on the sector. That’s largely because none of the companies operating in the space are publicly traded, which would require them to disclose metrics such as sales, profit and production.
The recovery: next on the Horizon
These five themes are defining the diamond market this year, and likely beyond.
The road to recovery
The diamond industry is in its healthiest state in over a decade, but it will need to be proactive if it wants to maintain that progress.
Sustainable growth
Factors such as US fiscal policy and Chinese jewelry demand are boosting the market for now, but inflation and other complications are on the horizon.