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Despite the omicron variant, the jewelry industry’s stockings overflowed with cheer during the 2021 holiday, with jewelry sales rising 32% over the prior year, according to Mastercard’s SpendingPulse, the retail sales measurement service.
Low-value stones are the latest hot commodity among jewelers and manufacturers alike, but the rampant demand has been driving up prices and making these goods harder to find.
The “pandemic” 2020 was so difficult both for the global diamond industry in general and for the rough and polished diamond sector in particular.
They’re on-trend but not trendy, and suitable for all ages.
De Beers will see stable production until 2024, management predicted, as the miner maintains a positive outlook on diamond demand.
Rio Tinto and Star Diamond Corporation have called off a long-running court battle over the development of their joint Canadian exploration project.
There has been a jewelry sales explosion since the COVID outbreak, and American consumers keep fueling it, buying jewelry en masse during the holiday season.
Pomellato will trace its jewelry’s path from origin to purchase through a newly created app it called “the first of its kind” in the industry.
ALROSA reports preliminary rough and polished sales results for November 2021.
While the recent Kimberley Process (KP) plenary didn’t make progress on one long-sought-after goal—widening the KP’s definition of conflict diamonds—it did pass a nonbinding declaration pushed by host country Russia that spells out the basics of “responsible diamond sourcing.”
The untitled marketing campaign tells consumers GIA has graded some of the most important diamonds in the world, including theirs.
The recent Kimberley Process Plenary in Moscow featured—as expected—mostly familiar squabbles and an all-too-familiar lack of progress. But the famously fractious certification scheme greeted the most surprising announcement—Zimbabwe’s bid to be named vice chair, the traditional stepping stone to becoming chair—with an also-surprising lack of dissent.