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Millennials spend more on jewelry than any other age group Press Release – A report released today by Edahn Golan Diamond Research & Data reveals that for the first time, millennials have spent more than any other age group on fine jewelry.
Diamond market overview The main focus in the dealer market over the past week was on the Hong Kong jewellery trade show March 4 – 8, which failed to meet dealer’s expectations.
The diamond market is being greatly influenced by economic sentiment. A far cry from the supply-driven market that it once was, today, short-term diamond trading is largely driven by macroeconomic factors.
Among the many landmark developments evolving in the industry this year is that China is changing.
By most accounts, this week’s Las Vegas jewelry shows were positive even if diamond trading was not especially vibrant.
The JCK Las Vegas show closed Monday as activity signaled improved sentiment in the U.S. jewelry retail market.
The recent slump in gold prices has not impacted the diamond market. Having enjoyed a stable and positive first quarter, diamond trading was steady this week while gold markets were in panic.
The recent proposals made by the Gem and Jewellery Export Promotion Council (GJEPC) for the 2013-2014 Union Budget are a step in the right direction but are not far-reaching enough.
The recent improvement in both rough diamond trading and prices in the secondary market should raise some eyebrows. While it has helped inject additional confidence into the market, it remains unclear whether this momentum will be sustained.
Although the decline in rough prices has brought some relief, the rough diamond sector is still suffering from many problems. Some of them, such as profitability, are old and others, such as claims of inconsistency in Diamond Trading Company (DTC) assortments, are new.
Does the DTC move to Botswana, the launch of the government’s own sights and a burgeoning polishing industry ensure long-term economic stability for the country? Botswana, along with its diamond-dependent economy, finds itself on the brink. After years of planning and negotiations, Botswana’s capital city of Gaborone is about to assume the position of the […]
Diamond rich and politically stable, Botswana looks to the future. When the London sights move to Gaborone, the capital city of Botswana, by the end of 2013, sightholders will find themselves close to the diamond mines that are at the heart of their business. Botswana is a unique African nation with dramatic and beautiful wildlife, […]