WFDB Welcomes De Beers Report on Record Diamond Jewelry Sales in 2017; Antwerp, Belgium – September 14, 2018: The World Federation of Diamond Bourses (WFDB) has welcomed the De Beers Group’s Diamond Insight Report which shows diamond jewelry sales in 2017 at a record $82 billion. In addition, the report finds that the Millennial and …
Hong Kong Jewellery Fair Ariticle Courtesy Rapaport News Trading in the loose diamond section of the Hong Kong Gem and Jewellery Fair concluded on September 20 with diamantaires still concerned about their near-term prospects in the Chinese market. “We went with very low expectations and they were basically met,” said a Mumbai-based polished diamond manufacturer who supplies …
‘Tiffany Setting’ Not Generic, Court Finds On Sept. 8, a New York federal court handed Tiffany & Co. an unequivocal victory in its two-year-old trademark battle with Costco, ruling that Tiffany setting is not a generic term, and the warehouse club was guilty of counterfeiting by selling unauthorized engagement rings with Tiffany marks. Tiffany first filed …
Tradition Rules Bridal Diamonds and brides go together like a horse and carriage, but societal shifts are impacting this very traditional market. By Lara Ewen It’s widely understood throughout the jewelry industry that engagement rings and wedding bands are the bedrock of its business. According to The Wedding Report, Inc., the wedding market in the …
Market Comments 5/28/2015 Rapaport: Sentiment improves as JCK Las Vegas show opens. Stable prices for select categories with shortages supporting the market. Poor makes are still in over-supply. U.S. demand good but not great as jewelers experience mixed 1Q: Signet Jewelers same-store sales +4%, sales +45% to $1.5B, profit +23% to $119M; Tiffany & …
Avi Krawitz, Rapaport Senior Analyst, discusses the U.S. diamond and jewelry market and what to look out for at next week’s Las Vegas shows; Hong Kong’s diamond trade contracted in the first quarter as net exports to China fell; Titan Company’s revenue declined but profit rose in its fourth fiscal quarter amid sluggish consumer sentiment …
