The diamond industry is facing contrasting trends at the start of the important fourth quarter. US jewelers are optimistic for the holiday season, but the trade is staying cautious amid the economic slowdown.
In this episode of the Rapaport Diamond Podcast, Rapaport Senior Analyst Avi Krawitz and News Editor Joshua Freedman discuss the slump in diamond trading, acknowledging the impact that inflation and stock-market volatility might have on consumer sentiment. Yet the US market is supporting the trade, while the decline in China is most significantly influencing the industry, the two journalists argued.
Avi and Joshua also outline some of the news stories that caught their eye. These include Grib Diamonds’ canceled rough auction, Forevermark’s about-face on its strategic changes, the spectacular stones that have come to market this month, and the Jewellery & Gem World Singapore show, which took place after recording.
Listen to the podcast here: