Program aims to educate young consumers about mined stones’ positive qualities.
Polished shipments dropped again in March.
Ahead of the Rapaport Breakfast in Las Vegas, the May-June issue focuses on the opportunities and challenges facing independent retailers, while the cover spotlights Diamonds Do Good award-winner Lorraine West.
Group net profit was $800,000, down from around $3.4 million reported a year earlier.
April revenue up 0.4% from March and 1.6% year on year.
Consumers will spend a total of $7.8 billion on gifts from the category, according to NRF.
Boucheron, Pomellato and Qeelin brands had “outstanding” performance, according to company.
Some 133 companies exited the sector, compared to 187 during the same period of 2022.
Is inflation hitting the industry, or is the market experiencing a correction following a blockbuster 2021?
US jewelry sales rose in July, driven by strong demand and consumers’ desire to spend on products that made them happy, according to Mastercard SpendingPulse.