This week’s gem and jewelry news reveals how Indian consumers are beating surging gold prices. Forbes examines lab-grown’s place in the luxury market, while the BBC spotlights UK jewelry heists. Plus, will diamond prices bounce back in 2024?
Trading up
Some Indians are combating rising gold prices by exchanging their gold for new jewelry rather than buying, according to a (paywalled) Bloomberg article that also appeared in The Economic Times.
Lab-grown headwinds
Louis Cartier’s great-great grandson Jean Dousset has opened a lab-grown diamond jewelry boutique in West Hollywood, believing his forefather would concur the future of the luxury market lies in synthetics.
Child’s play
When designer Diane Neuville couldn’t find the perfect precious jewelry for her daughter, she decided to create her own brand. The result was Les Pierres d’Anna, which features colorful gems and motifs that appeal to both children and adults. The article from The New York Times may require a subscription.
British heists
BBC journalist Tir Dhondy explores the underground world of luxury watch thefts and the way the gangs operate, interviewing victims and perpetrators to understand how London has become a hive of watch crime.
The turnaround
After a challenging year for the trade, industry analyst and consultant Paul Zimnisky outlines what could drive up diamond prices in 2024, as well as possible pitfalls and opportunities for the industry. Read more here.
Main image designed by David Polak.
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