Polished prices rise due to reduced diamond supply

The RapNet Diamond Index (RAPI™) for 1-carat polished diamonds rose 1.9% during the month, buoyed by improving investment demand and scarcity of D, IF diamonds, says a press release from Rapaport.

Today

GIA begins first Graduate Diamond Course in Shenzhen, China

GIA (Gemological Institute of America) conducted first regional on-campus Graduate Diamonds Course in early July, which was attended by aspiring gem and jewelry professionals in Shenzhen, China, says a press release from the Institute.

Today

Artic Star takes over management of the Diagras property

Arctic Star Exploration Corporation has taken over the management of the Diagras Property in the Northwest Territories of Canada. The project is a joint venture with Margaret Lake Diamonds.

Today

DMCC invites diamond companies to set up operations in Dubai

DMCC has launched its latest discount campaign to encourage international diamond companies to set up operations in Dubai.

Today

Diamond production in Surat begins in a phased manner

Diamond cutting units in Surat have been allowed greater flexibility to operate from 31 July Saturday on condition that they will adhere to a set of norms that include mandatory Covid-19 tests for traders and staff, as per media reports.

Yesterday

These Common Pricing Mistakes Destroy Luxury Brands

15 january 2020

(jingdaily.com) - Pricing is one of the most difficult tasks for luxury brands to manage. Even leading brands and seasoned managers fall into the same trap over and over: pricing based on cost and competitors. Because of this, we see a lot of untapped optimization potential in luxury pricing. Many luxury brands are not profitable enough because they make pricing mistakes. But what’s even worse is when their incorrect pricing erodes hard-won luxury positioning with customers. When luxury brands fail and disappear from the market, incorrect pricing is often to blame. It surprises many to learn that many luxury brands are priced too low thanks to bad internal strategies.