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?
Diamond Market Activity and Analysis - Page 3 of 8
The diamond market explained. Using our research, detailed data, and knowledge of the diamond industry, we put it in context with clarity.
What is the Diamond Market?
It is the collected set of activities that result in a piece of jewelry set with a diamond adorning a person. It covers a wide range of activities, and requires a wide range of disciplines to continue and develop. And yet, it is a relatively small industry that generates less than $100 billion in global retail sales.
Why is There a Diamond Market?
It is human nature to desire to adorn jewelry. Diamonds have succeeded to catch the attention of many thanks to their exceptional beauty, but there is more to this picture. The successful use of marketing since the early 1940s has had a large contribution.
Since the dawn of humanity, people have sought to adorn themselves. The desire to look good and decorate ourselves is set deep into our DNA. Be it a simple string of small shells or flowers, or an elaborate crown full of details and complex workmanship, we want it.
Of all the components that can be set in a decoration, diamonds reign supreme. Thanks to their sparkle, shine, rarity, and overall beauty, diamonds have always been coveted. It is that desire that the diamond market serves. It is the reason that a multi-billion dollar exits – to serve a human desire.
What Are the Components of the Diamond Market?
The foundation of the market comprises:
- Rough diamond sales
- Diamond polishing
- Polished diamond wholesaling
- Jewelry making
- Consumer demand
For a deeper look into this topic, please see below:
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%.
The Golan Diamond Market Report – Q4 2019
The Q4 2019 issue of the Golan Diamond Market Report reviews transaction polished diamond prices, changes in midstream inventory & demand, takes an in-depth dive in to the activity of the main diamond centers, with updates on prices and demand in the growing LGD market. All that, plus an exploration into consumer attitudes towards diamond jewelry and engagement rings, checking who is interested in LGD around the world.
This is How a Confusing Diamond Decade Played Out
What’s happened between the time the diamond industry clawed its way out of the Lehman Brothers crises to the current slump? Some surprising findings about the value of freshly mined rough diamonds, global trade, and jewelry retail.
Diamond Industry Financing Is Shrinking. This Is What It Means
Diamond industry financing has considerably declined over the last couple of years, hitting a 15 year low. The industry views this as unfavorable; yet, this can be debated. A recent $3 billion “savings” provided it with a rare opportunity to realign.
The Golan Diamond Market Report – Q3 2019
After an extended period of stunted demand in the consumer, wholesale, and manufacturing sectors of the global diamond value chain, at the end of the third quarter, there are a few small signs of improvement. Following the deep decline in the second quarter of the year, US jewelry sales surprisingly picked up in July, although, cyclically, it is a month …
Las Vegas 2019: Guts without Glory
The diamond industry was a prize winner. Diamond folk have guts but they have lost the glory. The JCK show proved that they lost of confidence in diamonds.
This is How Much Americans Spend on Jewelry and Watches
How much does the average US household spend on jewelry and watches per year? Does this spending differ by age group and, if so, by how much?
Inventories Up, Demand Down and Lab-Grown Prices Continue to Drop
The diamond industry is out of balance. The rough diamonds produced at mines only partially fit current consumer demand. This may explain why price movement is restrained. Meanwhile, among lab-grown goods, matters are a little more lively. Although prices of smaller lab-grown goods have been mostly stable, the prices of larger goods sank in the first quarter of 2019. A …
LGD Prices – Not What You Might Expect
After a very long period of slow development and use, we are now at the stage where a walloping leap occurs as market adoption of lab-grown takes place. After an initial 30-40% drop in wholesale prices, prices of LG goods below 1-ct keeps falling, while larger goods are steady. Oh, and there is a LGDs transaction price list!