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?
Diamond Research - Page 3 of 7
Economic research into the global diamond industry. A thorough exploration of every aspect of the diamond market, from mining to consumer demand.
What is Diamond Research?
Diamond research is the comprehensive examination of the diamond industry. It may examine a single, very specific activity in the diamond sector. It could also study an inner industry interplay or provide long-term tracking of an industry component accompanied by an analysis that puts it in context.
A research project may include market interviews, use of big-data analytics, expert analysis, and the use of exclusive granular data collected from various diamond industry sections.
Diamond pipeline activities that are researched include, but are not limited to, the following areas of the diamond market value chain:
- Consumer buying habits,
- Household expenditures,
- Retailers’ purchasing and sales trends,
- Manufacturers’ financing and polishing activities,
- Rough diamond purchasing,
- Diamond miners’ sales and capital investments,
- Changes in diamond prices,
- Trends and forces that impact pricing.
Who Needs Diamond Research?
Every company involved in the diamond industry needs a deeper understanding of the market. Some want to better understand the supply chain and how it impacts them. Other companies are looking to discover their blind spots.
Frequently, companies need to ensure they are not missing out on opportunities. This may include hidden shortages, timely warnings of inventory buildup in the market, a need for a new service, or simply changing prices of a particular item.
Financial firms may be after diamond industry analysis to decipher trade figures or discover how a part of it works. These firms repeatedly find that it is challenging to talk with diamond companies and require someone to untangle diamond-speak. Most importantly, they need data placed in a broader context.
Where is Diamond Research Used?
Before deciding on a strategy, in making marketing choices, when pricing goods, before picking a jewelry design for production, before launching a product, when tracking market changes, and much more.
For a deeper look into this topic, please see below.
8
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 …
6
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!
Although Sliding, Jewelry Retail Prices Remain High
After reaching a historic record high in 2017, consumer prices of fine jewelry have softened so far in 2018. However, jewelry retail prices are still high, which may explain a number of consumer trends. Are these prices fueling demand for lab-grown? We know that the US market is very price sensitive, and that dictates polished diamond prices, as well as …
The US Jewelry Market Is Much Smaller Than You Think
A back-of-the-envelope calculation of the US jewelry market shows that the official figures are too high. New figures are closer to the real market size.
Lightbox: Disrupting the Disruptors and Evolving
De Beers announced the launch of a lab-grown (LG) diamond jewelry line. Yes, it’s late in May, not April 1, but this is no joke. In September, it will launch Lightbox, a line of jewelry priced between $300-$1,000. They are fighting the LG producers by using an age-old Silicon Valley approach – disruption. They are disrupting the disrupters. The strategy …
DRC: 3% of Artisanal Diamond Diggers Are Women
Diamonds and gold are mined in some of the most remote areas of the world, some of which are completely off the radar. Few places are as remote as where alluvial mining is taking place in the Democratic Republic of Congo’s (DRC) northeast where women and men artisanal diamond diggers, some of who are extremely young, dig for these rare …
4
US Diamond Trade: The Figures Reveal Oddities
Diamond import and export figures can tell a story, and a good story sparkles with oddities. Good stories start with facts that raise questions. In this case, the question is why a consumer market would import eight times the amount of diamonds it consumes. Or how a country with no diamond mining might export more rough than it imports.
2
Rough Diamonds’ Loopy Ride
Two opposing trends arise from the steady series of diamond miners’ annual reports that have come out over the past few days: while rough diamond production increased, rough diamonds’ average price per carat decreased in 2017. With few exceptions, this resulted in a rise in sales volumes, and a decline in rough diamond sales revenue. There are many reasons for …
KP: Production Value Plunges, China Caves, and Manufacturers Focus
A look at the recently released Kimberley Process (KP) figures for 2016 reveals several interesting trends affecting the global diamond industry. First is that the top five producing countries have lost some of their market share as diamond production plunged, fewer rough diamonds are going through China, and yet this is still a very concentrated industry from a country perspective. …
