Mixed Results for 2024 Holiday Season
There were some winners and some that didn’t do as well as a relatively quiet year came to an end. Plus, some new marketing campaigns have taken off to promote mined diamonds.
Diamond MarketThere were some winners and some that didn’t do as well as a relatively quiet year came to an end. Plus, some new marketing campaigns have taken off to promote mined diamonds.
Diamond MarketAs a recent report from McKinsey so aptly put it, ‘The diamond industry is at an inflection point.’
Diamond MarketInventory management and savvy marketing will be the key to success in the diamond market.
Diamond MarketProduction is still down for natural diamonds and demand for diamond jewelry is mixed, as the price gap between natural and lab-grown diamonds widens.
Diamond MarketBHP Group’s bid for De Beers parent company Anglo American, the Las Vegas jewelry trade shows, and rough origin verification for G7 sanctions are the talk of the diamond market.
Diamond MarketThe decline of the diamond market has slowed but continues on, while the trade struggles to understand what is required under the new G7 Russian diamond sanctions.
Diamond MarketDiamond prices seem mostly stable, though sales appear weak, and questions about the implementation of the G7 Russian diamond sanctions remain.
Diamond MarketDiamond pricing seems to be leveling out, but mining companies are still struggling from a lack of demand, and the definition of “conflict diamonds” remains unchanged yet again.
Diamond MarketThe diamond market has slammed on the brakes as declining prices, oversupply, and low demand create a shaky foundation.
Diamond MarketDiamond prices continue their slide, market share of memo goods grows, luxury brands continue their positive gains, and De Beers has a few big announcements.
Diamond Market