In the first half of 2022, US jewelry sales rose year over year. However, sales waned until they fell behind in June. And yet, spend per item is rising.
Global Diamond Production +12% in 2021 – But Really Declining
Global diamond production increased 12% to 120 million carats in 2021. And yet, last year’s production fell short compared to 2019 and was one of the lowest production levels in more than a decade. There are reliable reports of smuggling out of some diamond-mining countries.