Program aims to educate young consumers about mined stones’ positive qualities.
Matt Stuller, founder and chairman of jewelry manufacturer Stuller, is upbeat about the market ahead of the holiday season despite the cautious economic environment.
1ct. RAPI -3.6% in August
All nonessential work stopped amid investigation into death of employee at site.
As diamond prices return to pre-pandemic levels, couples’ budgets are holding steady.
News: US market holding up well, but international trading under pressure with significantly weaker demand.
Drop in sales and jump in diesel prices affected bottom line in first half.
Nonprofit group Gem Legacy aims to help east African miners, cutters and communities see benefit from the stones that enrich their land.
New store is four times larger than branch that closed during pandemic.
US and China drove demand in July.
News: Trading seasonally quiet during summer lull. Lack of sales to Far East weakening sentiment, with US demand supporting market. Increasing concern about impact of inflation and higher interest rates on mid-income consumers. Holiday outlook positive.