RAPAPORT… The diamond industry has much riding on this holiday season, having endured tough market conditions in 2019. While the trade reduced inventory levels in the third quarter, a large quantity of less popular items remain available.
Meanwhile, US jewelry retailers are growing more conservative about buying inventory, taking more goods on memo and increasingly using technology to boost sales in store and online — thus reducing their physical stock requirements. Jewelers in China and Hong Kong have seen a sharp decline in their sales, impacting their buying in the wholesale market.
Rapaport will be hosting a webinar on November 6 to assess these trends and their implications for the trade. Senior Analyst Avi Krawitz will examine exclusive supply-and-demand data from RapNet, along with a collation of data from other sources, to assess the state of the market in the final months of 2019, and identify the key factors affecting diamond pricing.
The webinar is open to the public, with pre-registration required here.
Time: Nov 6, 2019, 11 a.m. EST
Rapaport Webinar to Outline 4Q Prospects
The Bottom Line
- The diamond industry faces pressure after tough market conditions in 2019, with reduced inventory but lingering less popular items.
- US jewelry retailers are cautious, increasing memo stock usage and leveraging technology to minimize physical inventory.
- Sales declines in China and Hong Kong have weakened wholesale buying, affecting global diamond demand.
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