Insights Into the Diamond Industry - Page 2 of 11

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

 

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Brace Yourself, The Decline is Here

Brace Yourself The Decline is Here - Edahn Golan

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.

US Holiday Jewelry Sales Predicted to Rise 40%

US Holiday Jewelry Sales Predicted to Rise - Edahn Golan

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.

Spending on Jewelry: Almost All Spent More

For jewelry, 2020 was outstanding in what was otherwise a very miserable year. US spending on jewelry leaped 10% to $475 per household.

In 2020, the average US household purchased $475 worth of jewelry, up 9.8%, an outstanding outcome of an otherwise very miserable year. This is how much Americans spend on jewelry during the COVID era.

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The LGD Price Anomaly: Demand Rises, Prices Decline

The LGD Price Anomaly Demand Rises Prices Decline - Edahn Golan analysis photo-margot-richard

There is an anomaly in lab-grown prices. Demand is high but prices are declining, especially for larger goods in demand for the bridal industry. Here are the dynamics, prices, retail details and changes in demand. Plus, what the actual price gap is between natural and LG: a diamond market analytics review.

Israeli Bank Financing of the Diamond Industry Slashed

Israeli Bank Financing of the Diamond Industry Slashed - Edahn Golan. Photo by Lucas Favre

Israeli banks cut financing of the diamond industry by 33%, falling below $500 million for the first time in 30 years. The decline reflected shrinking activity, reduced reliance on financing, and banks’ balking at the complications of working with diamond firms.

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.