September and October is jewellery show season in the US and Asia. This is the time of the year that many people in the jewellery industry take to the skies carrying jewellery with them. This can be one of the…
De Beers lowered the price of rough by around 10%. While this does add a slightly better chance of profitability for cutters, how will it affect jewellery at the retail level? DeBeers likes to believe that it is the driving…
DeBeers is reacting to market pressures by reducing prices and production. According to Bloomberg, rough prices are falling by 9%. Rapaport News reports reductions over 10%. Last month DeBeers cut its yearly production goal to 29 million to 31 million carats from a target…
I never saw it coming. Just a loud bang and my car started spinning. It was over in just a couple of seconds. Just a few days ago my car was hit by a drunk driver. The police estimate that…
I received an email in response to a recent blog post asking for more information about buying gold from the public. The downturn of the Asian economy offers an opportunity to help your customers while creating a new profit stream…
Virtually every trade publication or blog is talking about the diamond crisis. Prices are plummeting and demand is falling across all levels of the industry. Companies in default, bankruptcy and closing doors are becoming all too common. From the mines…
Once again the jewellery industry is faced with a diminished market due to an economic downturn. As money gets tight, jewellery buying is one of the first things consumers abandon. After all, jewellery is a luxury and not a necessity. …
The July sight may be an indicator of the future of De Beers. According to an article on Damonds.net, more than 65% of the total value of rough was rejected by sightholders. Stating a lack of profitability, the buyers are…
Their names are familiar to most people. Even a mention of some brands can evoke feelings of wealth, status and history. Carrying luxury brands in your store has many positive benefits but can also be problematic. The decision to stock…
The diamond business desperately needs more clarity. I am not talking about inclusions but the need to be clear on what we are selling and how much it will cost. The diamond industry is built on smoke and mirrors. Everything…
