Industry News

October 20, 2019

US retail sales stalled between August and September, indicating that consumer confidence may be waning in light of the escalating trade war.

Total purchases for September — excluding automobiles, gasoline and restaurants — dipped 0.1% compared to the previous month,...

October 20, 2019

Costco sold a diamond ring worth $220,000 in the fourth fiscal quarter, the membership-based warehouse retailer said earlier this month.

Executive vice president and chief financial officer Richard Galanti confirmed the sale during the company’s fourth-quarter earning...

October 16, 2019

Lightbox, the lab-grown diamond fashion jewelry brand owned by De Beers, will soon be available at select Bloomingdale's department stores and Reeds Jewelers locations. It's a big departure for the brand, which has only been available online or at promotional pop-up st...

September 1, 2019

Hong Kong luxury retail sales fell sharply in July, affected by continued protests in the city and an escalation in the US-China trade war. 

Revenue from jewelry, watches, clocks and other valuable gifts dropped 24% year on year to HKD 5.49 billion ($700.4 million) du...

August 21, 2019

The diamond company Forevermark is betting on India. The company believes that the India's middle-class consumptionis key to its success in what is thought to becom  the second largest consumer market for diamond jewelry.

Talking to Moneycontrol, Sachin Jain,...

July 21, 2019

Retailers’ attempts to maintain low diamond inventories are hurting demand across the trade, Alrosa warned after reporting its lowest quarterly sales since 2015. 

The Russian miner’s sales slumped 26% to $807 million in the second quarter ending June 30, it reported T...

July 7, 2019

Kathryn Parker and Flavio Cereda, equity analysts at Jefferies, wrote in a research note quoted on Insideretail.asia, that sentiment within Hong Kong has almost unanimously worsened since March due to the lingering effects of the trade war reducing high-quality tourism...

July 7, 2019

Luxury fashion house Gucci has made a move into high jewelry with the inauguration of its first boutique and a collection by creative director Alessandro Michele. 

The store, which is dedicated exclusively to jewelry, opened on July 2 in Paris’s historic Place Vendôme...

July 7, 2019

High-end online retailer Net-a-Porter is set to launch an invitation-only digital platform, selling exclusive jewelry to its most loyal members. 

From later this month, customers who have been awarded EIP (Extremely Important People) status by Net-a-Porter will be abl...

June 30, 2019

Blue Nile, a US-based online jeweler, has blacklisted diamonds from Zimbabwe due to alleged human rights abuses in Marange, according to a local news report. 


The Bain Capital subsidiary stated on its website that it was committed to ensuring that the highest ethical s...

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