Diamonds forecast to regain pre-pandemic sparkle in 2022-2024
Diamond Jewellery demand will recover to pre-pandemic levels between 2022 and 2024, with China leading the way, a report commissioned by the Antwerp World Diamond Centre predicted.
“We strongly believe that the industry is in very good shape for a strong rebound,” Olya Linde, a partner at Bain, said.
- Diamond producer reaffirms focus on Chinese market
As speculation about the future of the De Beers Group continues to swirl, the world’s largest diamond mining company has reiterated its focus on China.
- Welcome onboard: Richemont purchases Italian jewellery brand
Swiss luxury goods company Richemont has acquired an Italian jewellery brand in a private transaction.
- Pandora: Lab-created diamond jewellery boosts sales
The world’s largest mass-market jewellery brand, Pandora, has raised its guidance for the year following better-than-expected sales in the first quarter.
- Swarovski: Playing the long game in China
Swarovksi has launched a new lab-created diamond collection in China, a market that accounts for 15 per cent of its annual sales.
- The Hope and Koh-i-noor: New insights into the world's most famous diamonds
Could the famous Hope Diamond and Koh-i-noor have originated from a volcanic outcrop nearly 300 kilometres from where they were discovered in southern India?
- Gold jewellery driving strong sales at Luk Fook
Hong Kong retailer Luk Fook has reported an impressive revenue increase in the fourth quarter off the back of the rising popularity of gold jewellery.
- Diamond jewellery sales remain a concern for Aussie retailers
Sales at Australia’s independent jewellery retailers experienced a modest decline in April, according to the latest analysis from Retail Edge Consultants.
- Grand opening: Michael Hill opens new flagship store in Chadstone
Australian jewellery retailer Michael Hill International has unveiled its new flagship store in Chadstone as part of an ongoing brand revitalisation.
- Has the Moonswatch craze come and gone?
Recent reports from Morgan Stanley and WatchCharts has revealed that Moonswatch products have collapsed on the second-hand market.
- Digital mystery solved: How many jewellers don’t have a website?
Industry research has established a surprising result: around 30 per cent of Australian jewellery retailers do not have their own website.
- $12,000 up for grabs: Queensland’s buried treasure in the spotlight
Anticipation is building for the Queen Of Gems Jewellery And Design Awards, scheduled to be hosted on 13 July in Winton, Queensland.
- You'll never understand the universe if you only study one planet
More often than not, the questions are complicated, but the answers are simple. Publisher ANGELA HAN reflects on the creation of the State of the Industry Report.
- Listen to what is not said, for there, the true story lies
Editor SAMUEL ORD explains some of the behind-the-scenes work that went into this study and discusses expectations and reality.
- Facts, Figures, Fallacies and the Future of the jewellery industry
The most comprehensive study of the Australian jewellery industry ever undertaken was published in January.
- Off The Grid: Jewellers without a website
Business ‘experts’ and retail analysts constantly emphasise the importance of digital marketing. Why are so many of Australia’s independent jewellery retailers operating without a website?
- Highly unattractive: Anglo American rejects shocking BHP proposal
Anglo American, the parent company of the De Beers Group, has unanimously rejected a buyout offer from mining company BHP Group Limited.
- Recession proof: Tiffany & Co. launches new campaign
Tiffany & Co. has launched a new marketing campaign paying homage to its heritage and impact on luxury culture.
- Jewellery businesses targeted by criminals at historically high rate
Crimes targeting jewellery retailers in the US are at ‘historically high levels’ according to a new report published by the Jewelers’ Security Alliance (JSA).
- The world’s largest diamond producer may be for sale
Anglo American, the parent company of diamond miner De Beers, has confirmed that it has received an unsolicited proposal for a takeover.
- Aussie jewellery brand secures deal with major US retailer
Australian jewellery brand Jackie Mack Designs has secured a stockist agreement with the US retailer Bloomingdale’s.