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Merrick, NY—Two recent surveys show that jewelry and watches are favorite acquisitions for ultra-affluent consumers worldwide, and that the United States is the market most luxury brands believe has the most growth potential.
One of the questions most asked lately, and the one many do not have an answer for, is the reason the diamond market is so active these days.
This week brought news of a class-action lawsuit that charges the five banks overseeing the daily gold price fix with manipulating the market.
The Hong Kong International Jewellery Show that took place this week injected some confidence into the diamond trade, even though the market is not booming.
The skeptics had a field day when De Beers and the Botswana government announced a 10-year diamond mining and sales agreement in 2011.
The stock market hates uncertainty. So it’s not surprising that U.S. stocks took a tumble Monday amid news of the Russian military takeover of the Crimean region of Ukraine.
De Beers kept its prices basically stable as the February sight closed with an estimated value of $650 million.
From March 27 to April 3, 2014, Baselworld will once again bring together the professionals and lovers of fine watch-making. This major fair gathers the top Swiss watchmakers and representatives of world watch-making and jewelry.
I have heard it said that if you really want to distrust the mass media, read articles on a subject you know a lot about. And so it is with diamonds.
Signet Jewelers’ $1.4 billion acquisition of Zale Corporation announced last week signals the emergence of another retail giant in the diamond and jewelry market; not that the two companies were such small fish until now.
Depending on where you are in the diamond value chain, recycled diamonds are either a great way to make money, or a pain to earnings and margins.
The 12th “China International Gold, Jewellery & Gem Fair” will open its doors in Shenzhen, from February 26 to March 1, 2014. It will be followed by the “Hong Kong International Diamond, Gem & Pearl Show” from March 3 to March 7. Could this be a way to sound out the Chinese market?