Insights Into the Diamond Industry

Our latest insights, expert analysis and thinking on the topics that matter most in the diamond industry.

 

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How Much Are We Really Spending on Diamond Engagement Rings?

How Much Are We Really Spending on Diamond Engagement Rings - Edahn Golan

Getting engaged and buying an engagement ring is a key life event. Purchasing engagement rings, especially if you are in your 20s, is usually the first time you buy a major diamond jewelry item. As such, it typically leads to many questions about the purchase. A frequent question is how much you should spend on an engagement ring. Although this …

Dive and Bounce: The Golan Diamond Market Report Q4 2020

Dive and Bounce The Golan Q4 2020 Market Report feature image

A quarterly review of the diamond market, from retail to mining. Despite the deep dive in activity in 2020, the market bounced back to make a full recovery. Lab-grown market share, financing, midstream manufacturing, rough diamond purchases, and detailed retail activity are covered.

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What it Took to Survive in 2020 – A Worklist

What it Took to Survive in 2020 A Worklist - featured - Edahn Golan

Many businesses did not survive this challenging year. There are a lot of lessons here for everyone in the diamond pipeline and the jewelry industry. Here is a summary of the results of analyzing the activities of those businesses that succeeded in 2020 and those that did not.

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Five Countries Lead Diamond Supplies to the US

Five Countries Lead Diamond Supply to the US featured Edahn Golan Image-Joey-Csunyo

Diamond supply to the US comes from all over the world. As the world’s largest diamond consumer market, the US is the country that imports the most diamonds – more than $400 billion worth of polished diamonds in the last 30 years.

Expect Higher Diamond Prices This Holiday Season

Expect Higher Diamond Prices - Edahn Golan

Consumers should expect higher diamond prices as strong demand has been driving them up in recent months. After consumer retail purchases dropped in March and April, US retail activity surged in the summer months. This renewed demand includes jewelry and diamonds and is causing diamond prices to rise.

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De Beers’ Market Share Falls in 2019, Hides a Surprise

De Beers’ Market Share Falls in 2019 - rough sorting - Edahn Golan diamond Research and Data.jpg

After a year of pains, and in the midst of one of the most complicated years since World War II, De Beers’ market share sank in 2019. Not only De Beers, but ALROSA, Rio Tinto, and Petra all lost market share.

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Diamond Production Dropped, Now It Is Nosediving

Diamond Production Dropped. This Is How It Nosedives - rough diamonds mining - Edahn Golan

Global diamond production sank 6.9% in 2019, the deepest plunge in a decade. By value, diamond production dropped 6.2%. There were good reasons for this, and the updated diamond production forecast calls for an even more significant slide in 2020.

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Diamond Business Absorbs Blows

Diamond Business Absorbs Blows

The diamond business keeps suffering from declining prices and a decrease in consumer spend on jewelry due to COVID-19. Persuasive marketing can address underlying issues.

This Is How COVID-19 Impacted Jewelry Sales

This Is How COVID-19 Impacted Jewelry Sales featured

COVID-19 hit the world like a wild and destructive storm and the diamond industry was not spared. Following are the figures showing just how COVID-19 impacted sales, and how the tide is perhaps starting to turn.