According to RAPAPORT News the diamond industry finds itself in the middle of many external forces.
The Russia-Ukraine war has modified the stockpile circumstance and harmed US interest for Alrosa merchandise. Lockdowns in China have decreased deals in the Far East market.
The idea of doing business differently as an independent jeweler, manufacturer or diamond dealer will be the key to success today and in the future.
“If a jeweler is waiting for the market to return to the way things were, he will be putting himself into a precarious position”, said Owl Financial Group's CEO Kathy Hillelson."
…including when and where the earliest diamonds were found, how they were used symbolically in the early days, how they go through the mining process, and more!
It’s not a new concept, but it certainly is an effective one. So what exactly is leverage and how can your business use leveraging to multiply its revenue?
It seems the debate is still open on where this generation of jewelry seekers will make their next big buy. Are millennial's even into fine jewelry in the same way that the Baby-Boomers or Gen "X" were? We read three articles that have us questioning which direction Gen "Y" is looking to pursue their jewelry purchases; IN STORE vs. ONLINE.