Country overtook Botswana in 2023.
Assessing the impact of De Beers, Alrosa, Angola — and the tariffs.
The market yearned for clarity. It got more uncertainty at a higher price.
“It’s a black day for the gem and jewelry sector,” says GJEPC chairman.
Brian Stamey of Florida jeweler IDC explains how the levies are impacting the US retail market.
1-carat RAPI down 1.4% in July.
Dealers expect a late season as large US jewelry retailers keep leaner inventories.
The inventory dilemma plaguing the market today is about more than the number of diamonds in the safe.
Offloading inventory at reduced margins supported sales amid difficult market conditions.
Allison Vigil, president of the Signet-owned retailer, explains the shift from rental to selling secondhand pieces.
Rough of 2.50 to 4 carats has been strong for two months, leaving some perplexed amid mixed polished sales.