Industry Views

The Year Trust Returned to The Diamond Trade
Apr 30, 2019
There was little surprise when Time magazine named Donald Trump its ‘Person of the Year.’ Love him or hate him, Trump left his mark more than any other individual on 2016. Notably, the choice says as much about the impact he will ...

Tags: Diamond, diamond industry
Rough Supply Signals Shift in Balance of Power
Apr 30, 2019
Profit is the new turnover in the diamond trade. As retail inventory levels continue to shrink due to recession-driven efficiencies, the trade has had to change its mindset. No longer can diamantaires play the high-volume production game: ...

Tags: diamond trade, diamond
How to Survive as The Diamond Trade Shrinks
Apr 30, 2019
The diamond trade remains under pressure, and further contraction of the market is expected this year. Apart from being squeezed by high rough costs and declining polished prices, dealers lament there are too many players chasing the same ...

Tags: Diamond Trade, Diamond
The GIA's Forays into Diamond Tracking
Apr 30, 2019
What business does a gemological laboratory have telling stories about diamonds? That was the unspoken question Matt Crimmin had to answer in his presentations at JCK Las Vegas earlier this month. As vice president of lab operations ...

Tags: Diamond, RFID
Regions of Origin for Top 10 Exported Chinese Products in 2014 (4-Digit HS Code)
Apr 1, 2019
Electric App for Line Telephony, Inclcurrline System Automatic Data Processing Machines; Optical Reader, etc Electronic Integrated Circuits and Microassemblies Articles of Jewellery & Parts thereof ...

Tags: Electronic Integrated Circuits, Lamps
Chinese Luxury Spending to Reach 120 Bln USD in 2016
Oct 17, 2016
Chinese luxury spending is expected to reach 120.4 billion U.S. dollars in 2016, up 3 percent year on year, according to a report on Friday. The growth rate is down from last year's 10 percent as a sluggish economy dampens consumption ...

Tags: Luxury Spending
Beijing Stores Cut Gold Prices on Slump
Oct 11, 2016
The biggest weekly slump in the global gold price led Beijing's gold stores to cut their prices for the first time this year. The price in Beijing declined by 10 yuan ($1.5) per gram on Sunday. This was the first cut, following six earlier ...

Tags: Gold, Gold Prices
Hong Kong Show Keeps Holiday Hopes Alive
Sep 27, 2016
Last week's Hong Kong Jewellery & Gem Fair set an improved tone for the diamond market despite challenging conditions in the Far East. Overall, it should be considered a good show as dealer trading picked up after a very slow summer. After ...

Tags: Hong Kong Jewellery&Gem Fair
Dubai Probing Rough Diamond Values
Sep 21, 2016
From the get go, the United Arab Emirates' (UAE) chairmanship of the Kimberley Process (KP) had a fair share of controversies as civil society, and a number of member states, expressed their concern with seating the 2016 chair in Dubai. ...

Tags: UAE, KP
Vegas Shows Reveal Stable, Fast-Changing Market
Jun 20, 2016
As a bellwether for the U.S. jewelry market and global diamond industry, this year's Las Vegas shows met the trade's conservative expectations. While foot traffic and diamond trading were slightly slower than previous years, jewelry sales ...

Tags: jewelry market, Las Vegas
Three Things The Diamond Trade's Survival Depends on
Jun 3, 2016
The diamond industry is waking up to a new reality. Not only are the banks insisting on stricter compliance standards and pipeline integrity, but the largest mining companies and jewelry retailers are rapidly following suit. This is forcing ...

Tags: diamond industry, diamond
Chinese Dominate Overseas Markets in The Holiday
Feb 15, 2016
Chinese tourists comprised the major consumption force in overseas markets during the seven-day Spring Festival holiday starting from Feb. 7. Chinese purchasing made up 55.8 percent of overseas consumption in the period, reflecting a ...

Tags: overseas markets, tax-free shopping
China Arts & Crafts Exports from Jan.-Dec. 2014
Feb 13, 2016
China Fireworks (HS: 3604) Major Export Markets from Jan. - Dec. 2014 (by Export Value) No. Country Volume (Kg) Value (USD) YOY Volume Value ...

Tags: Fireworks, Plastic Craft, Wooden Crafts
7 Trends to Watch in 2016
Feb 6, 2016
Mixed metals in bridal, like this 18-karat rose and white gold ring set from LX Antwerp, will continue to be popular next year. It’s going to be an exciting year in jewelry design. Trends have been taking new and innovative ...

Tags: jewelry, Mixed metals
Colored Gemstones Still Setting Records at Auction
Dec 15, 2015
Set in a turn-of-the-century Tiffany & Co. ring and flanked by European-cut diamonds, this 7.84-carat oval-cut Kashmir sapphire sold for $1.35 million Tuesday at Bonhams New York. Click through this slideshow to see the top 5 lots from ...

Tags: Kashmir sapphire, jewelry, colored gemstones