How are jewelry sales? Depends on who’s measuring them
Depending on which sales measurement service you consult, July’s jewelry sales either continued the industry’s unprecedented hot streak or showed that its amazing two-year run was cooling off.
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First half of 2022: jewelry sales rose, average value soars
Jewelry sales boasted an impressive performance in the first half of 2022. Sales rose nearly across the board – a particularly impressive act against the excellent performance of 2021. However, as the months went by, sales deteriorated until they fell behind in June.
De Beers appoints VP of Code of Origin, trade services
The De Beers Group has appointed industry veteran Ivette Nersesyan-Stephanopoulos as the company’s vice president of code of origin and trade services for North America.
The new digital dawn of post-pandemic retail
Retail has shifted since the start of Covid-19, and the drive toward digital has become more pronounced. Some 90% of jewelry retailers now have online platforms, according to Bain & Company’s Global Diamond Industry 2021–22 report. “The pandemic rapidly accelerated e-commerce, even for independent US retailers,” it states.
Nonprofit urges Europe to outlaw Russian diamonds
The European Union should ban Russian diamonds in its next sanctions package, German nonprofit Transparency International said the [week of July 4] in an open letter to officials.
Major countries ban import of Russian gold
The US, UK, Canada and Japan have placed sanctions on the import of Russian gold in an effort to eliminate revenue used to fund President Vladimir Putin’s war on Ukraine.
Russia crisis puts diamond marketing in jeopardy
The Natural Diamond Council (NDC) is facing a massive budget cut in 2023 unless the industry steps in to compensate for the loss of Alrosa’s financial contribution, CEO David Kellie told Rapaport News.
Showtime diamond doc ‘Nothing Lasts Forever’ is entertaining. But is it accurate?
It’s impossible for me to objectively review Nothing Lasts Forever, the flashy new diamond documentary that will air this fall on Showtime. It’s full of people I know, conferences I’ve been to, and subjects I’ve spent decades writing about. There’s even a brief shot of me at one event, looking bored.
Antwerp World Diamond Centre elects David Gotlib President
In what’s considered a sign of a “new generation” taking over Antwerp’s leadership, David Gotlib has been appointed the new president of Antwerp World Diamond Centre (AWDC).
New realities: state of the diamond industry
The diamond industry is undergoing fundamental disruption as political, economic and social forces break the supply chain, reduce demand, and shift consumer attitudes. We are heading into a perfect storm with new realities, challenges, and opportunities.
The man who keeps talking about Russian diamonds
Continuing my resolution to speak to more people I don’t entirely agree with, I was happy to chat at JCK Las Vegas with Tom Neys, head of media relations for the Antwerp World Diamond Centre (AWDC).
Webinar: A Russian awakening
After a year of prosperity in 2021, the trade is dealing with uncertainty related to the Russia-Ukraine conflict, as well as continued Covid-19 shutdowns in China and economic caution in the US.