A new report from Bain & Company predicts that nominal US retail sales will slow this holiday season, with the lowest growth rate since 2018. The projected growth for unadjusted seasonal sales in November and December is 3.0% year-over-year (YoY), with an estimated total of nearly $915 billion. However, when accounting for inflation, the growth of real US holiday retail sales is expected to be sluggish, with an only 1.0% increase.
Sapphires, the September birthstone, have entranced humanity for their rare beauty and enduring appeal. The term "sapphire," rooted in the Greek word "sappheiros" meaning "blue," epitomizes these gemstones' allure. While prized for their deep blue shades, sapphires also showcase an array of colors due to corundum crystal impurities, like iron and titanium. These treasures hail from locales such as Sri Lanka, Myanmar, and Australia, boasting a Mohs hardness of 9, just shy of diamonds.
Diamonds, with their timeless allure, have captivated human civilization for centuries. However, the diamond industry has faced challenges related to unethical practices, including environmental degradation and human rights violations. As consumers become more conscious of their choices, a growing number of companies are leading the way in responsible diamond sourcing, ensuring that every aspect of their operations adheres to ethical principles.
The diamond industry is experiencing a remarkable metamorphosis, driven by the rising popularity of lab-grown diamonds as an alternative to mined diamonds. At Owl Financial Group, while we continue to embrace the natural diamond market, we recognize the shifting landscape.
The global diamond industry is facing a number of challenges, including the slowdown in demand, the rise of lab-grown diamonds, and the increasing importance of sustainability.
With numerous players in the diamond industry, building a strong brand identity is essential for business owners. This article examines the elements of successful diamond branding, including brand storytelling, unique value propositions, visual identity, and brand positioning, to help business owners create a distinct and memorable brand presence.
Jewelry Show Week in Las Vegas is a highly anticipated event for industry professionals and enthusiasts alike. With prominent showcases like JCK Las Vegas and the Antique Jewelry and Watch Show, this week presents unparalleled opportunities to network, discover trends, and showcase exquisite creations. To make the most of this dazzling occasion, it is essential to have a well-defined strategy in place. In this article, we will explore key tips to help you succeed during Jewelry Show Week in Las Vegas.
Greenwashing, the deceptive marketing practice of hiding unethical practices behind a facade of sustainability, has become a pervasive issue in the luxury sector. Misleading claims are made to promote positive impacts on society and the environment, but often lack evidence. Governments and consumer authorities are cracking down on greenwashing, emphasizing the importance of transparency and informed consumer choices. At Owl Financial Group, we stand firmly against greenwashing and are committed to promoting responsible practices.
For financial services, like Owl Financial Group, grading and certifying diamonds is critical to accurately value diamonds and make informed decisions. However, the grading process is subjective, lacks standardization, and can lead to inconsistencies and legal issues.
To address these challenges, the diamond industry is establishing standardized grading systems and utilizing new technologies such as AI and blockchain. AI can help to standardize the grading process by using algorithms to evaluate the quality of a diamond, while blockchain can provide a secure and transparent record of a diamond's grading and certification history.
Artificial Intelligence (AI) is transforming industries worldwide, providing unparalleled efficiency and accuracy. The diamond industry can leverage this technology to gain a competitive edge. In this article, we'll explore how Chat GPT, a form of AI, can enhance customer service in the diamond industry.
Best Practices for Inventory Management in a Diamond Jewelry Store: Tips and strategies for managing your diamond jewelry inventory and ensuring that you always have the right items in stock.
Taking advantage of Cyber Week may be a huge boost to a company's annual revenue. But don't get too worked up just yet; Black Friday and Cyber Monday are simply the tip of the iceberg when it comes to Christmas shopping. Just make sure you have some way of measuring success and then use that data to improve. In any case, the holiday season is rapidly approaching.
Many specialists have studied the diamond industry for years. One study focuses on the declining trust in the sector over the past 20 years. It showed how fragile corporate trust is. Studying trust tells us about its nature and the organizations that support it.
The diamond business relies almost entirely on mutual trust. Due to the high cost of diamonds, dealers and brokers must buy stones on credit. Credit sales put the seller at risk. Due to their portability, global worth, and near-untraceability, a buyer with credit can easily transport diamonds. Even if a diamond thief leaves behind stuff, it's worthless compared to the stolen stones.
