As summer approaches here in the United States, the colored stone trade continues to experience some degree of COVID-19 related disruption. Issues are occurring at varying degrees along the entire length of the supply chain.
Colored Stone MarketNo Tucson show does not mean no business. Market is currently benefitting from little competition from outside our sector. The appetite for gemstones is expected to continue to flourish throughout the year. Competition may return next year. The real story in color is outside the big-3.
Colored Stone MarketA new year begins where an old one ended, but there is light at the end of the tunnel. The market evolved in response to COVID-19 but some of those changes will linger long after. New approaches may challenge traditional market structures. The classic gem varieties demonstrated their unwavering ability to store value even in the worst of times.
Colored Stone MarketThe market conditions leading into season invite a cautiously optimistic outlook. Unusual colors of classic varieties selling well. Wealthy consumers coming off of vacationless summers turn to Paraìba and other fine gems to add some excitement. All business is local this year.
Colored Stone MarketThe current economic outlook is cautiously optimistic. Although it doesn’t feel like it, in mid-August retail activity had returned to pre-pandemic levels.
Colored Stone MarketIn Asia, jewelers report improving sales as consumers spend on luxury. In the USA, cautious mood greets traders as more markets emerge from COVID-19 closures. A range of colors are expected to see good demand…
Colored Stone MarketThe jewelry industry, like so many, has been severely impacted by the virus. Conflicting reports have some claiming sharp declines in prices, others no real change. Mining companies have mostly closed down. With no rough surplus to push prices lower, prices are not decreasing yet, but could if the situation does not improve soon. Social media selling has been successful as a backup to many companies. Designers and custom jewelers are still buying, even if lower price points.
Colored Stone MarketYoung consumers continue to drive jewelry trends. Applying old marketing models to new consumers will miss the mark. Responsible sourcing continues to impact supply and demand. As large companies mine aggressively, some areas get exhausted rapidly. Sapphire remains king and expected to remain into this decade.
Colored Stone MarketThe outlook for the holiday season is cautious. Colored stone price levels held firm during an otherwise lackluster Hong Kong show. Color outperforming other areas of the jewelry trade. Price points continue to shift in response tighter spending by millennials.
Colored Stone MarketChallenges are affecting global appetite for gem products. Prices stable for finer quality natural gems. Bumpy road ahead but long-term outlook pretty positive. Mining sector fast to respond to current economic conditions. Confidence solidly behind…
Colored Stone Market