Created for retail jewellers, producers, wholesalers and salespeople, the Magazine provides insider knowledge on the newest in business commerce and present affairs. It is invaluable to anybody attuned to the trade, wanting to be on the forefront of key tendencies and developments in jewellery and watches. Sherry Smith breaks down retailers’ efficiency last year, including Jewelery News how natural diamonds fared vs. lab-grown. But the spike in counterfeit gross sales can also have something to do with how manufacturers themselves are pricing and advertising their merchandise. Tracking the origin of a gem back to the mine is a notoriously difficult challenge however new sanctions on Russian diamonds are set to radically rework the jewellery business, requiring “mine-to-finger” traceability in key markets.

• Meanwhile, Lorie factors to the complacency of the diamond trade as a lesson within the significance of future planning and investing in communication.
• Diamond buying and selling was quiet in late December as wholesalers took trip between Christmas and New Year, Rapaport said in a release.
• However, ICRA initiatives a average development fee of 6-8% in H2 FY2024 because of tepid rural demand amid persistent inflation.
• The evolution of the watch and jewelry model combine over the past decade is also attention-grabbing.