Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

U.S. Jewelry Store Sales +1%

19 september 2012

U.S. jewelry store sales rose 0.6 percent year on year to $1.998 billion in July 2012, according to the government's monthly retail trade report, cited by Rapaport. While the sales increase was mediocre at best, considering the tough retail environment, at least jewelry price inflation for July was lower, falling 3 percent year on year. Jewelry store sales so far this year have improved 4.3 percent year on year to $15.4 billion, while the average consumer price index (CPI) for jewelry is up 2 percent to 178.1 points.
Looking at the broader retail environment, the U.S. reported August department store sales rose 2.7 percent year on year to $15.2 billion. All retail and food services sales in August jumped 4.7 percent year on year to $406.7 billion, with healthy increases in sales from automobile dealers and nonstore retailers. Retail trade sales rose 4.4 percent from August 2011. 
In a separate report, the National Retail Federation (NRF) concluded that the retail industry demonstrated strength and resiliency during this fragile economic time. NRF's president Matthew Shay said, “However, consumers and retail companies continue to face many questions and challenges, from stubbornly high unemployment and stagnant incomes to depressed housing prices and the looming fiscal cliff, all playing into overall economic uncertainty and declining consumer confidence.”