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At the last DTC Sight – which has been estimated as totaling $535 million – the DTC reduced rough selling prices by 3-15 percent, depending on the kind of goods. In some boxes, the assortments also deteriorated, so the price reduction may actually have been slightly more moderate.
It’s a time of new beginnings, full of promise, and don’t let the nearing Fall fool you for a minute. The shortening days, cooler weather and occasional rains carry a fresh promise more often associated with Spring. The ending of summer is taking with it the harsh heat and oppressive humidity of financial pressures; business […]
The Indian diamond industry’s liquidity crisis – said to be the worst in 50 years – is claimed to be self made as big and medium diamond firms have diverted $5.4 billion in bank finance for diamond operations into real estate, according to a report published in The Times of India.
From 14 to 23 September, major jewelry names and art fans from all over the world will be converging on the Grand Palais in Paris for the XXVIth Biennale des Antiquaires. This will be an opportunity to view outstanding exclusive jewelry pieces presented by the top French and international houses.
Many diamond jewelry retailers suffered from low traffic, stunted sales and reduced turnover this summer. With all that time on their hands, hopefully they took the opportunity to think in earnest about the upcoming holiday season and how to prepare for it. Since all these retailers are hoping for the same thing – good consumer […]
Sanjay Kothari is on a mission. As vice chairman of the Gem & Jewellery Export Promotion Council (GJEPC), he took every opportunity at the recent India International Jewellery Show (IIJS) to stress the need for effective generic advertising in the diamond industry.
A friend of mine who operated three retail jewelry stores came to me a few years ago to see if I could help him put together a business plan for expansion of his business. He also asked if I could help him find some “growth capital.” As part of my due diligence prior to helping […]
August sight estimate at $580M De Beers has reduced prices by an estimated average of 8 percent at its Diamond Trading Company (DTC) sight this week. The sight had an estimated value of about $580 million and ?no goods were left on the table.
Political correctness aside, psychologists have long ago determined that men and women are different: they think differently and they act differently. Men are highly focused single-taskers. Women are adept multi-taskers. Men and women also shop differently. They take distinctly different approaches to how they evaluate a product and how they buy it.
The annual India International Jewellery Show (IIJS) has surprisingly set the tone for what followed in the global diamond market in the past two years by going against the grain of expectation.
It was interesting reading an article, which cited the Zimbabwean mines minister Obert Mpofu as saying that the southern African country was set to “dominate” the global diamond market.
Anglo American agreed last year to buyout the Oppenheimer family’s 40 percent stake for $5.1 billion in cash.