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New York – According to a few early predictions, this holiday season could turn out to be a happy one for retailers. Market research company Emarketer has predicted that retail sales in November and December could reach $885.7 billion, a nearly 6 percent year-over-year increase.
A global marketing campaign launched by Hearts On Fire which targets the so-called Millennials, people born between 1980 and the early 2000s, has put the spotlight on to the issue of how to market diamond jewelry to this category of potential buyers.
The leadership of the World Federation of Diamond Bourses (WFDB) isn’t opposed to the trade in synthetic diamonds but takes no issue with Bharat Diamond Bourse’s decision late last week to ban dealing in them.
After taking a look into the world of De Beers now it is the turn of ALROSA, the “second” biggest diamond producer.
Diamond market overview Traders reported a quiet week of trading with many offices closed for the Jewish holidays. The main focus is on the US market, where jewellery retailers are preparing for the end of year holiday sales.
I recommend everyone in the diamond industry watch this video from MVI Marketing, which surveys millennial consumers about lab-grown diamonds.
The Bharat Diamond Bourse (BDB) in Mumbai is to ban trade in lab-grown diamonds following a vote by members at the bourse’s annual general meeting (AGM).
There are some current affairs that pass nobody by, and the Volkswagen scandal is one of them. What does it have to do with the diamond industry?
De Beers recently released its Diamond Insight Report, a report it prepares annually the covers the entire diamond jewelry pipeline from mine to market.
This week, someone called my attention to a story in the print version of the New York Post highlighting a trend many in the jewelry industry are already aware of: non-traditional engagement rings.
De Beers’ Diamond Insight Report, released this week, is built around one of its favorite topics: The long-term supply-demand outlook for the industry. “Industry fundamentals support long-term confidence in sector,” trumpeted its release.
Auction house Christie’s is to auction a 16.08-carat cushion-shaped fancy vivid pink, type IIa diamond ring, with an estimate of $23-28 million, at its upcoming Magnificent Jewels auction in Geneva.