After the 2008 financial crash, a De Beers research study found that consumers continued to spend during the holiday season, but more cautiously. They bought fewer items, yet were willing to spend more per item – if it had long-lasting value. They called this trend “less for more,” and consumers were indeed willing to buy nice diamond jewelry items. The …
Diamond Market Activity and Analysis - Page 8 of 9
All About the Diamond Market
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 collective 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:
- Exploration
- Mining
- Rough diamond sales
- Diamond polishing
- Polished diamond wholesaling
- Jewelry making
- Retailing
- Consumer demand
For a deeper look into this topic, please see below:
Refusals, Strops, Contracts and Conspiracies – A Rough Market Review
In a way, there were no surprises this past week, and that in itself should be a surprise. De Beers offered a large rough diamond supply to its clients – at slightly higher prices – and the market just could not digest it, leading to many refusals. Why did the miner offer so many goods in an overloaded market? Why …
Jewelry Purchases, the Education Factor
Because education is an important factor in creating the ability to generate higher earnings, it is not surprising that people that have not graduated from high school spent the least on fine jewelry purchases and watch buying when comparing expenditure by education. Based on the latest consumer expenditure survey of US households, those that have not graduated from college spent …
The 2015 US State of the Jewelry Market Report
Discover one of the first in-depth analyses of the U.S. jewelry market, covering consumer buying habits, jewelry sales, Millennials’ spending patterns, retail market share, seasonal demand, and industry trends. Based on extensive market research, the report examines who buys jewelry, how much they spend, where they shop, and how purchasing behavior is reshaping the jewelry industry. A valuable resource for jewelers, diamond companies, manufacturers, retailers, investors, and market analysts seeking data-driven insights into the U.S. jewelry market.
What Do The Weak Hong Kong Shows Say About Our Future?
Weak attendance at the Hong Kong shows reflects more than a slow trade event. It offers a snapshot of how buyers are thinking, where demand is shifting, and why the second half of the year may prove challenging for the diamond industry.
Indian Diamond Companies Improve Cash Flow
Diamond manufacturers adjusted their operations to the current low and declining loose diamond prices and high rough diamond prices. In the backdrop are fixed overhead costs and costly financing, according to traders.
Interview with Rubel & Menasche
In an interview for Rubel & Menasche, The Old Days Are Gone, A New Way Of Doing Business Is Here, Edahn discusses how lab-grown, transparency, Amazon’s low price-point jewelry, Anglo American’s takeover of De Beers, and high retailer fragmentation are influencing the diamond industry today. A few excepts: Lab Grown Lab-grown diamonds are an interesting concept, among other things because …
De Beers’ Sales +11% in 2014
De Beers‘ sales results were announced this morning. The diamond mining company saw a sharp rise in sales, helped by a jump in average price per carat on its rough diamonds. De Beers’ Sales Results Summary Sales: $7.114 billion (+11%) Carats sold: 32.73 million carats (+5%) Underlying EBITDA: $1.818 bln CAPAX: $689 million Return on CAPEX: 15% Highlights from the …
It’s Official: Specialty Jewelers’ Sales Crashed This Holiday Season
American specialty jewelry stores generated $8.87 billion in holiday sales this past November-December Holiday Season, a 4.7% decline compared to the 2013 Holiday Season.
Rio Tinto’s Diamond Sales +5.8% in 2014
Rio Tinto had a good year in diamonds. A strong rise in rough diamond prices had led to an increase in gross revenue from diamonds in 2014 despite a sharp drop in diamond production. Gross revenue increased to $901 million, up 5.8% from $852 million in 2013. Breaking Down Rio Tinto’s Year In 2014, the company mined 13.87 million carats, a …