Insights into market forces affecting the diamond pipeline
Granular demand, inventory, and pricing data
Wholesale prices, retail activity, and consumer demand
After two very buoyant years, the softening everyone knew would hit has finally arrived. It’s not just the slowdown in China, the second largest consumer market, but the US is feeling it as well.
A jewelry sales explosion is taking place, and American consumers are buying jewelry like never before. These are the November figures, including the radical rise in engagement ring prices.
Based on our market analysis, we predict US holiday jewelry sales to rise of 40-42% in the November-December holiday period. Annual jewelry sales are expected to total $94-$95.3 billion in 2021, rising 51%-53% year over year.
