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

Panic Grips Billion-Dollar Trade Over Russian Diamond Ban

13 may 2022

(bloomberg.com) - US restrictions on Russia’s giant diamond miner are causing panic across the industry. Traders are hunting for workarounds to keep tapping one of the world’s main sources of precious gems. Russian mining giant Alrosa PJSC supplies about a third of the world’s raw gems, and US sanctions against the company are causing panic in the industry. Firms from Tiffany & Co. to Signet Jewelers Ltd. have announced plans to suspend sales of Russian diamonds. With wedding season looming in America, desperate delegations have been seeking a workaround from India, the world’s largest exporter that cuts and polishes nine of 10 stones.