Economic indicators for the US jewelry market are showing a long term downward trend and price is not the reason for lost consumer demand.
Diamond Research - Page 6 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.
What is the Price of a Diamond?
Not too long ago, I posted a question on Twitter, asking people what they thought was the average price of a diamond. Specifically, I wondered how much, in informed people’s opinion, was the average wholesale price per carat of polished diamonds. Just for fun, pick a figure before reading on, and keep it in mind. In response to my question, …
Jewelry Expenditure Rises amid Stunted Growth, Millennials Stepping Off the Plate
According to a new survey of the US consumer market, even though Americans increased fine jewelry and watch purchases in 2014, the rate of growth declined. This reaffirms other indicators that while 2014 was a year of growth, it was a stunted growth. According to the 2014 Mid-Year Consumer Expenditure Survey, in the period between July 2013 and June 2014, …
“Less for More” Turns into “More for Less”
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 …
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.
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 …