Discover

MID BLOG

COVID’s Economic Impact Becomes Global Despite China Focus

The coronoavirus, which has dominated the world’s attention in the little more than three weeks since news about it first broke, is becoming as much an economic story as it is a health crisis. Indeed, while scientists are still unsure about whether it will eventually be qualified as a pandemic, it is already apparent that it is impacting on markets and economies on a global scale.

Read More
Fancy Colored Diamond Prices Up 77% Over Decade

The past decade was a good one for those who invested in fancy colored diamonds. According to Fancy Color Research Foundation (FCRF), which last week published an analysis of the Fancy Color Diamond Index (FCDI) in 2019 and over the last decade. During the years 2010 to 2019 the general index showed a steady market price increase of 77 percent.

Read More
Microbrands on the Rise, Challenging Luxury Giants Whales

On February 3, 2020, the shareholders of Tiffany & Co. made official what had already been announced on November 24 last year, as they voted in favor of a takeover by the luxury giant LVMH Moët Hennessy-Louis Vuitton for $16.2 billion, or $135 per share in cash. And so, America’s most iconic diamond jewelry brand came under the umbrella of a group that already owns names like Louis Vuitton, Givenchy, Celine and Bulgari.

Read More
LUXURY MARKETS RATTLED BY CORONAVIRUS IN CHINA

The coranavirus, the epidemic which at time of writing is largely contained to China but has already traveled to a number countries on all five continents, is rattling the luxury product markets. Comparable to the SARS epidemic that first struck in the same part of the world in 2003 and 2004, its global economic effects are likely to be larger because China’s share of the global economy is considerably bigger today, and also because economies are much more interlinked than they were 17 years ago.

Read More
Swiss Diamond Firm Collapses Amid Graft Charges

Within the most exclusive echelons of diamond jewelry collectors the name De Grisogono was something of an enigma. A Geneva-based jewelry house, it had been founded in 1993 by former Bulgari executive, Fawaz Gruosi, an Italian of Lebanese origin. At the time he promised customers an offering of exclusive works of art and black-diamond jewelry. The company’s name, which is rooted in both the Latin word “Chrysogonus” and the and Greek word “Chrysogonos,” means “begotten of gold”.

Read More
Australian Diamond Industry Braces for Big Changes

For 35 years Australia has been considered a major diamond producer, albeit in terms of volume rather than the value. This status is almost entirely due to one single mine, Argyle. Producing more than 90 percent of the country’s rough diamonds, at the peak of its production, in 1994, it was putting into the market some 42 million carats, about 40 percent of total world output. But all this is scheduled to end in the fourth quarter of 2020.

Read More
GREETING THE 2020s: THE SHIFT TO ONLINE DIAMOND SALES

A watershed moment for the diamond industry occurred on May 29, 2018, the day before the start of the JCK Show in Las Vegas. In a move that few expected, the world’s most well know rough diamond mining company announced that it was launching a fashion jewelry brand with laboratory-grown diamonds called Lightbox Jewelry. They would begin selling online that September at a fixed price of $800 per carat, which at the time was about 75 percent lower than those being charged by existing lab-grown diamond producers.

Read More
GREETING THE 2020s: LEARNING TO LIVE WITH MAN-MADE DIAMONDS

A watershed moment for the diamond industry occurred on May 29, 2018, the day before the start of the JCK Show in Las Vegas. In a move that few expected, the world’s most well know rough diamond mining company announced that it was launching a fashion jewelry brand with laboratory-grown diamonds called Lightbox Jewelry. They would begin selling online that September at a fixed price of $800 per carat, which at the time was about 75 percent lower than those being charged by existing lab-grown diamond producers.

Read More
Demographic Shifts Redefine Consumer Principles in 2020s

The massive growth of the diamond market that occurred largely during the second half of the 20th Century, in the years following World War !!, was led by three generations of Western buyers, which today are known largely as the Great Generation, comprising individuals who fought or were married to soldiers who were involved in the Second World War; the Baby Boomers, who born during the economic boom period of 1950 and 1960s, and Generation X, which came into its own during the 1970s and 1980s.

Read More
Post-Christmas Data Shows Positive Jewelry Sales

Christmas 2019 has come and gone and New Year Eve is soon upon us. Gifts have been given, unwrapped and even returned. Official data will be not be out until mid-January, but in the United States jewelry retailers have already begun summing up the holiday season that has just past, and initial reports seem pretty positive.

Read More
Lab-Grown Diamond Prices Plunge, Shifting Market Economics

Technological developments are changing the nature of the laboratory-grown diamond market, and in particular those stones that are synthesized using CVD techniques, states Bain and Co., in its recent report on the diamond industry produced together with the Antwerp World Diamond Center (AWDC).

Read More
U.S. Market Upbeat as Year-End Shopping Season Starts

The 2019 end-of-the-year shopping season began powerfully in the United States, the world’s largest market, with a record 189.6 million U.S. shopped from Thanksgiving Day, November 28, through Cyber Monday, five days later, an increase of 14 percent over last year’s 165.8 million, reported the National Retail Federation and Prosper Insights & Analytics.

Read More
Bain Reports 4% Growth in 2019 Personal Luxury Market

Despite geopolitical turbulence and fears of recession, the overall luxury market – encompassing both luxury goods and experiences – grew by 4 percent in 2019 to an estimated $1.44 trillion globally. The core personal luxury goods segment, which includes jewelry, followed a similar path, achieving 4 percent growth and reaching €312 billion.

Read More
Multi-Million Jewelry Heist Hits Dresden Museum

Thieves got away with a collection of jewelry at museum in the historic German city of Dresden in what local police are describing as the largest such theft since World War II. But the museum’s most famous showpiece, the 41-carat Dresden Green Diamond was not taken, because it currently is on loan at the Metropolitan Museum of Art in New York City.

Read More
Search