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Consumers will shell out $7.5 billion this year on the category, NRF predicts.
March shipments down 1% year on year.
Production up 11% year on year in first quarter.
Company has responsibility to preserve market credibility and consumer confidence, says CEO Dan Mano.
One of two featured Art Deco necklaces appeared in 1974 film adaptation of The Great Gatsby.
Output up 8% at 15.2 million carats.
The longtime diamond exec has served in the role for four years.
Trading cautious, with buyers purchasing for specific orders.
Consumer spending rose 7% year on year and 0.4% from February.
Segment saw ‘standout demand’ in Japan and Asia Pacific regions, says luxury group.

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