Sentiment was strong at International Diamond Week in Israel as traders displayed optimism about the market and noted shortages were supporting prices.
Forecasting trends is equal parts science and art — you need to be widely aware of key happenings in your industry, and discerning enough to know which ones will be most influential. Below are 12 trends affecting jewelry in 2018 that you need to know about now.
Rough-diamond demand was strong at De Beers’ January sight, as manufacturers plan to increase their production in anticipation of post-holiday orders from retailers.
© Tiffany & Co Tiffany & Co’s sales jumped 8% during the holiday season amid a sharp improvement in US demand and a recovery in Asian markets, the luxury jeweler reported.
De Beers is piloting blockchain technology for the diamond industry, working with a small number of participants to test how it works, it said Tuesday.
Sales at Richemont’s jewelry maisons grew 5% year on year to $2.18 billion (EUR 1.83 billion) in the fiscal third quarter of 2017, which included the holiday season.
Polished diamond prices stabilized in December following a better-than-expected holiday season. US consumer sentiment was boosted by economic growth, record-high stock markets and a drastic tax overhaul that is expected to raise disposable income and discretionary spending.
Diamond trading in and out of Belgium grew by most key measures in November, according to data the Antwerp World Diamond Centre (AWDC) released recently.
Myths about the diamond industry, especially among consumers, are some of the hardest to debunk. Here, leading experts correct some common misconceptions about diamonds.
Alrosa is considering implementing blockchain or other technology ideas for its rough and polished stones to address challenges with conflict diamonds and undisclosed synthetics.