GJ Town India

  A sharp decline in global diamond prices recent years   According to Ritani's internal pricing data and supplier trends, natural diamond prices have dropped 15-25% over the past year, driven by slowing global demand and increased inventory from major suppliers. Lab-grown diamonds have seen an even steeper decline, with prices down up to 70% compared to just three years ago. "These shifts are dramatic-but they're also empowering," said Ria Papasifakis, Chief Revenue Officer at Ritani.   Consumers are in the driver's seat. Whether you're shopping for a classic natural diamond or a larger lab-grown alternative, you're getting far more value for your budget today, but this won't be the case for long. Sales trends and market data are showing a shift from lab-grown diamonds back to natural diamonds, which means an increase in pricing is only a matter of time. Wise shoppers know the best time to purchase is now before prices increase. Diamond Price ...

  Understanding diamonds affordability & desirability Demand for diamonds over the long term is influenced primarily by affordability, which is closely linked to key economic fundamentals such as the growth of GDP and PDI. Additionally, the desirability of diamonds, both within the jewelry sector and relative to other nonessential goods and experiences, plays a significant role.  Historical data shows a close correlation between the demand for luxury goods, including diamonds, and real GDP and PDI. Affordability will continue to be supported in the long term by GDP and PDI expansion. However, a closer examination by country reveals a more nuanced picture. In the US, diamond demand has recently been somewhat stronger than PDI growth would indicate.   The natural diamond sector was notably robust after Covid-19 restrictions eased, benefiting from a rebound in weddings (a 12% increase in 2022 over the long-term average) and a heightened emphasis on emotional gifting...

Expect a protracted U-shaped recovery in diamond demand   De Beers Group announced the value of rough diamond sales for the fifth sales cycle of 2024. The provisional rough diamond sales figure quoted for Cycle 5 represents the expected sales value for the period and remains subject to adjustment based on final completed sales.   De Beers Group CEO Al Cook said: “The northern summer is generally a quieter period for rough diamond sales, and this was reflected in our cycle 5 sales. The recent annual JCK jewellery show in Las Vegas confirmed a resurgence in retailers’ interest in natural diamonds in the United States but ongoing economic growth challenges in China mean we continue to expect a protracted U-shaped recovery in demand.”  DeBeers Cycle 5 2024 (provisional) [1] Cycle 4 2024 (actual) [2] Cycle 5 2023 (actual) Sales value [3] ($m) 315 383 456 [1] Cycle 5 2024 pro...

A year to forget or one to learn from   WDC at the year end! Edward Asscher, WDC President inks at the end & said, “As 2020 comes to an end, I am sure you are also asking yourselves-was it a year to forget as quickly as possible, or was it a year from which we have learned a lot?”   One should not underestimate the suffering that numerous people have been subject to. The Covid disease caused a general sense of depression, experienced by many, and especially those from younger generations. It also caused great financial burden imposed on companies and individuals, and above all the loss of life of so many, dear to us. This indeed makes it a period that one would prefer to forget. But 2020 was also characterized by industry’s enduring resilience. Retail sales did dip, but then rebounded, even in countries where infection and casualty rates were high. Never before have we seen such a fast fall in polished diamond inventories and such a rapid return in demand.   S...

  The Diamond Wish List study presented by NDC   After a year of upheaval, this holiday season will be especially meaningful, and gifts will be symbols of hope, love and celebration. As we gear up for the all-important holiday season, it’s clear that while consumers want gifts with lasting value and significance, they also want what’s new, fun and fashionable. They’re craving inspiration and we have all the answers in the Holiday Trend Report, presented by the Natural Diamond Council.  Natural diamonds give people a reason to celebrate and express their love and affection; the newest designs do just that, as well as surprise, delight and inspire. The Trend Report showcases natural diamonds like you have never seen them before, yet they still each retain a lasting quality that ensures future generations of relevance.   High-Octane Color features diamonds set in vibrant enamel and ceramic designs that are playful, contemporary and stylish. Presenting diamond letters...

De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction sales) for the third sales cycle of 2019. Bruce Cleaver, CEO, De Beers Group, said: “As we move into the second quarter of the year, we saw a continuation of stable demand for our rough diamonds during the third cycle of 2019.” Particular: Cycle 3 2019 (provisional) [1] Cycle 2 2019 (actual) [2] Cycle 3 2018 (actual) Sales value [3] ($m) 575 496 524                 1:                Cycle 3 2019 provisional sales value represents sales as at 8 April 2019.                          2:                Cycle 2 2019 actual s...