David Bouffard to Leave Signet and RJC
Veteran executive will exit retailer on April 30, 2024.
Podcast: The Lab-Grown Con?
Jewelers are overpricing synthetics, says Olivia Landau of The Clear Cut.
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Market Comment - Nov. 30, 2023
Market improving as holiday shopping begins. Round prices up 2% to 3% since mid-Oct. in some categories and 5% in 0.30 ct. SI1s, but discounts remain high.
Strong Black Friday online sales.
Steady US demand for 1 to 2 ct. commercial goods boosts India trade as Mumbai offices reopen. India Oct. polished exports -33% YOY to $1.3B, rough imports +9% to $1B as manufacturers bought ahead of shipment pause.
Some retailers abandoning synthetics amid falling profits; “authentic” is Merriam-Webster word of the year.
Cushion, 15.48 ct., fancy-intense-pink, IF diamond fetches $10.8M ($694K/ct.) at Christie’s HK.
World Wildlife Fund urges industry to improve sustainability efforts.