Fruchman Marketing believes jewelry sales this year may be 4%-8% higher than in 2021

The jewelry marketing experts at US-based Fruchtman Marketing view jewelry sales this year go up by 4%-8% over 2021. In support of this projection the jewelry consultancy says there are important factors at play.

Yesterday

Get-Diamonds returns to JCK Las Vegas

Get-Diamonds.com, the world’s largest B2B online platform for listing polished diamonds, owned by the World Federation of Diamond Bourses (WFDB), will return to the JCK Show in Las Vegas next month. At the show, the online platform will introduce...

Yesterday

India sees overall decline in diamond exports in April

The official statistics released by GJEPC shows overall decline in the country’s diamond exports in April 2022. Thus, the export of polished diamonds fetched US$ 2159.64 million against US$ 2221.81 million a year earlier or down 2.8%. The country...

Yesterday

Richmond lost € 168 million suspending commercial activities in Russia while displaying otherwise outstanding performance in financial year ended 31 March 2022

Richmond, a Switzerland-based luxury goods holding reporting otherwise high performance for the financial year ended 31 March 2022, said that suspension of commercial activities in Russia resulted in the loss of € 168 million.

23 may 2022

India eyes lab-growns as a means towards more self-reliant cutting and polishing industry

GJEPC officials present last week at a meeting on the lab-grown diamond industry chaired by Piyush Goyal, India’s Minister for Commerce and Industry said lab-grown diamonds (LGD) have the potential to build and sustain a stronger and more self-reliant...

23 may 2022

Diamond Prices Are Spiking and Even De Beers Can’t Fill the Gap

12 may 2022

(bloomberg.com) - Prices are surging in some corners of the rough-diamond market, as sanctions on one of the world’s two giant miners ripple through the supply chain. In the past, the industry could turn to behemoth De Beers to crank out extra gems when supply ran tight — but not this time. The price of a small rough diamond, the type that would end up clustered around the solitaire stone in a ring, has jumped about 20% since the start of March, according to people familiar with the matter. The reason: Diamond cutters, polishers and traders are struggling to source stones after the US levied sanctions on De Beers’s Russian rival, Alrosa PJSC, which accounts for about a third of global production.