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.
Insights Into the Diamond Industry - Page 2 of 9
Our latest insights, expert analysis and thinking on the topics that matter most in the diamond industry.
This Is How COVID-19 Impacted Jewelry Sales
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.
The Rush for the Holy Grail: Cash Flow
Diamond wholesalers, just as any other business owners in the COVID-19 era, need to jump start their business activity, and those that could did. The result was a mid-single digit drop in wholesale diamond prices in May and an improvement in cash flow. Polished Diamond Prices Tumble Seeking Cash Flow The desire to generate cash flow, accompanied by pressures to …
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Polished Diamond Prices Edge Down in April
Conventional wisdom holds that trading in the diamond industry should have come to a complete stop in April. This is largely true, but there are some exceptions. Polished diamond trading has continued, though at a much reduced level. Prices naturally declined, down a low single digit. Jewelry stores in China are mostly open, and a good number of stores remained …
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Webinar: Diamonds in the Age of COVID-19
Diamonds in the Age of COVID-19: The diamond market, from mining to retail, has changed dramatically under COVID-19. In a webinar given with AWDC, current diamond market dynamics, needed steps, a glimpse into the future, and our poll results were discussed. We covered a lot of ground.
The Golan Diamond Market Report – Q1 2020
The Q1 2020 issue of the Golan Diamond Market Report reviews transaction polished diamond prices, changes in midstream inventory & demand, and updates on prices and demand in the LGD market. All that, plus an exploration of consumer attitudes.
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Ruin to Resurrection, the Perpetual Path
The growing stream of bad news is threatening to engulf us like a depressing cloud of darkness, fueling a bleak outlook of ruin in the diamond industry. Yet, diamond jewelry demand has always re-surged as consumers sought solace and celebration. The following is a data-backed pep talk of resurrection.
Lack of Confidence Hurts Diamond Prices
Wholesale polished diamond prices declined in February as diamond manufacturers lose confidence in the short-term prospects
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Can India’s Sharp Rise in LGD Exports Extend into 2020?
Proving that the Indian diamond industry’s interest in lab-grown diamonds is fully established, India exported $445M worth of these polished stones in 2019. But can India maintain this growth rate?
Polished Diamond Prices Rise in January
Wholesale polished diamond prices rose in January in response to improved demand and lower wholesaler inventories. Wholesale prices of 1-carat round diamonds rose 3.7% MoM in January. US jewelry sales popped up 4.4% YoY in December, capping a slow year with sales rising just 0.7%.
