The diamond and jewelry sector faces unique hurdles when seeking financial growth, often struggling to secure funding from traditional banks due to industry complexities. Factors such as the fluctuating value of diamond inventory, perceived high risk, and the intricate supply chain have led to traditional banks exercising caution in lending to this specialized industry. Consequently, diamond businesses encounter limited access to financing, hindering their expansion and development.
Welcome to this week's roundup of the latest news in the diamond industry! From updates on US import regulations to the evolving landscape of lab-grown diamonds, this edition covers a wide range of topics relevant to both industry professionals and consumers alike. So, dive in and stay informed!
Kathy Hillelson, CEO of Owl Financial Group, Celebrated in World Diamond Council Series
In a notable recognition of her contributions to the diamond industry, Kathy Hillelson, the CEO of Owl Financial Group, has been featured in the esteemed 'Women of the Diamond Industry' series by the World Diamond Council (WDC). This series, dedicated to spotlighting gender equality across the diamond and jewelry supply chain, offers a platform for women within the industry to share their narratives and shed light on the unique challenges they encounter throughout their careers.
This week's diamond industry news covers some major developments - from French labeling regulations on lab-grown diamonds to softened financial and demand outlooks for diamond giant De Beers.
We also see noteworthy moves in the secondary watch market with a key Swiss court ruling on customizing Rolex pieces, as well as an upcoming Sotheby's auction featuring over 200 exclusive signed jewelry items. With market terminologies, pricing pressures, legal precedents, and demand uncertainties at play, there are evident shifts unfolding across the broader diamond, watch, and luxury jewelry sectors.
Diamonds dazzling, undisclosed lab-grown rising, and Grammys gleaming: Your weekly jewelry industry news recap!
Another week brings exciting developments in the world of gems and jewels! From recovered treasures to ethical trends, dive into our weekly news roundup and stay ahead of the curve.
Diamonds dazzling, undisclosed lab-grown rising, and Grammys gleaming: Your weekly jewelry industry news recap!
Another week brings exciting developments in the world of gems and jewels! From recovered treasures to ethical trends, dive into our weekly news roundup and stay ahead of the curve.
Valentine's Day is not just a celebration of love; it's also an opportunity for diamond jewelry business owners to witness a surge in sales. According to the National Retail Federation (NRF), US shoppers are projected to break records by spending a staggering $6.4 billion on jewelry this Valentine's Day. In the race for the perfect gift, diamonds emerge as the top choice, making jewelry the leading spending category for the holiday, surpassing flowers, clothing, and even a romantic evening out.
From tighter diamond controls to record Valentine's Day spending and lab-grown consolation prizes, this week's diamond industry news shines a light on changing regulations, consumer trends, and innovative approaches to sparkle. Dive in for the details!
We are thrilled to announce an exciting partnership between Owl Financial Group and the Centurion Jewelry Show!From January 27th to 31st, 2024, Centurion will host the crème de la crème of the jewelry world in Phoenix, Arizona.
Preparing for THE ORIGINAL MIAMI BEACH ANTIQUE SHOW at the Miami Beach Convention Center this weekend (January 11-15, 2024)? Wondering how to unlock the Full Potential of Your Experience?
Owl Financial Group is your key to maximizing this prestigious event.
I am thrilled to announce that as the CEO of Owl Financial Group, I have become a member of two esteemed organizations—the World Diamond Council (WDC) and the Jewelers Vigilance Committee (JVC). These memberships signify our dedication to upholding the highest standards of ethics, compliance, and integrity within the international diamond and jewelry industries.
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.
