Notes from Las Vegas: In the Beginning, It Was Better Than Expected
Steady traffic, source of origin, sustainability and diamonds do good set tone as shows open.
Top Stories
Tourism Resurgence Buoys Hong Kong Luxury Sales
Revenue from jewels, watches, clocks and valuable gifts up 75% year on year in April.
Staying Agile in Today's Jewelry Market, Selling to Gen Z
The CEO of retailer Ben Bridge and president of the American Gem Society (AGS) reveals her insights on bridal, synthetics, and selling to the Gen Z consumer.
May 23, 2023
Retailers need to keep up the solid strategies that got them through the Covid-19 crisis, says industry consultant Sherry Smith.
May 23, 2023
They have high expectations, little money, and quite a few contradictions. Tempted by lab-grown diamonds’ affordability and sustainability claims, can this generation fall in love with natural diamonds?
May 24, 2023
The market is swinging back after the boom of the last two years, finding its post-pandemic sweet spot as financial uncertainty lingers.
May 23, 2023
Responding to change: Major chains and independent jewelers alike are seeing the need for omni-channel, diversity, and other shake-ups to their traditional business models.
May 23, 2023
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Market Comment - Jun. 01, 2023
All eyes on Las Vegas, with hopes the shows will raise sentiment for 2H.
Deep concerns about the market amid sluggish demand and continued polished price slide. 1 ct. RAPI -1.2% in May, with sharper declines in lower qualities.
Trade below previous years as jewelers tighten inventory purchases during economic uncertainty. US 1Q polished imports -21% to $5B.
Responsible sourcing, sustainability and lab-grown the main themes shaping the market.
Christie’s Hong Kong totals $60M, with pear, 4.83 ct., fancy-vivid-blue, IF, type IIb selling for $8.8M ($1.8M/ct.).
Industry mourns passing of legendary diamond cutter Gabi Tolkowsky.
Rapaport Group launches market for certified natural pearls.
Rapaport to host annual Las Vegas breakfast and Social Responsibility Conference on Sunday, June 4. Register at info.rapaport.com/jck23.