The De Beers Group CEO also discussed tariffs, Desert Diamonds, and the pending sale of De Beers in an interview with Michelle Graff.
This year’s Cyber Monday biggest ever, firms say
Online retail sales reached new highs on Cyber Monday, and purchases made via mobile devices played a big part in the increase, data collected on the day shows.
New York--Online retail sales reached new highs on Cyber Monday, and purchases made via mobile devices played a big part in the increase, data collected on the day shows.
According to Reston, Va.-based digital metrics firm comScore, Cyber Monday spending from desktop computers alone--not even counting money spent via smartphones and tablets--reached $1.74 billion, up 18 percent year-over-year. That makes it the heaviest online spending day in history and the second day this holiday season, in addition to Black Friday, where consumers spent more than $1 billion online.
ComScore predicted that consumers would spend another $200 million via mobile devices on Cyber Monday, meaning that, if the prediction holds true, the day’s spending will total nearly $2 billion.
Meanwhile, data from the IBM Digital Analytics Benchmark, which did not provide a dollar figure on spending for the day, indicates that Cyber Monday’s total sales grew 21 percent year-over-year and represented the highest single-day value in history, even while the average order value fell 1 percent to $128.77.
Cyber Monday capped off the highest five-day sales period to date, with the five-day span from Thanksgiving through Cyber Monday growing 17 percent as compared with the prior-year period.
According to IBM, retail purchases made via mobile this year were up 55 percent year-over-year, to total more than 17 percent of all online sales. Smartphones drove nearly 20 percent of online traffic, as compared to the nearly 12 percent from tablets.
IBM's Digital Analytics Benchmark tracks retail transactions from about 800 retail sites.
As of Tuesday afternoon, the National Retail Federation (NRF) had not released any information about Cyber Monday but the retail trade organization earlier predicted that more than 131 million shoppers would go online for Cyber Monday, up from the 129 million who participated last year.
NRF data for the Thanksgiving weekend also showed that the Internet was the second most-shopped destination. A total of 42 percent of consumers said they shopped online over the weekend; the only place consumers went to more were department stores, visited by 54 percent of shoppers.
The Latest

The industry veteran is bringing his 56-year run in the fine jewelry sector to an end.

The panel discussion will feature LGBTQ+ leaders across the jewelry, luxury, and creative industries.

As gold prices rise, today’s retailers are looking for alternatives at prices that will appeal to wider audiences.

Inspired by a locket that got run over, the “Smash” capsule collection reimagines the shape of Lichtenberg’s signature style.


The company has promoted Katherine Whitacre to the role.

The jewelry manufacturer has added Taylor Swift-esque diamond shapes, and more silver, gold vermeil, and gold-plated jewelry.

With the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.

Morrison has been marketing diamonds on and off since the early 2000s and said she is leaving to “pursue new projects.”

Those born in June can celebrate with pearl, alexandrite, and moonstone jewelry.

Jim Springer, owner of Dunkelberger’s Fine Jewelry, is heading into retirement.

When conducting its May consumer confidence survey, The Conference Board asked extra questions about consumers’ budgeting strategies.

The “Tunnel” charm, our Piece of the Week, celebrates Pride Month with its design inspired by hope and the light at the end of the tunnel.

The jewelry industry is reassessing its positioning as Gen Z reshapes the retail landscape and lab grown continues to gain market share.

Up for auction at Sotheby’s, the collection of Tempelsman’s personal effects includes a Cartier Tank watch Jackie O. gifted him.

The Miami-based fine jewelry brand will host its first summer residency in the Colorado mountain town from June 5 to Aug. 23.

The organization also announced its international board of directors for the 2026-2027 term.

Saks Global confirmed the closure this week, spelling the end for a store that’s been part of downtown Dallas for more than 100 years.

Smith discusses how managers should handle a top performer's exit, warning that a poor response could have a lasting impact.

The Gemological Institute of America is now a 30 percent stakeholder in Tracr, the De Beers-backed blockchain for diamonds.

The retailer is bringing Rolex Certified Pre-Owned watches to five U.S. cities in 2026 for collectors to see, try on, and purchase.

The actress and entrepreneur stars in the jeweler’s new campaign that celebrates life’s quiet moments.

The price of gold has risen, affecting the number of pieces designers make, the materials they use, and how they position themselves.

The jewelry retailer is zeroing in on Zales, Jared, Kay Jewelers, and Blue Nile as it looks to create unique brand identities for each.

Dr. Akinwumi Adesina, a development economist, will head the fund created to help Botswana diversify its economy.

Sotheby’s has appointed the former Phillips executive as its global head of private sales and retail in its watches division.

A private collection of five Paraíba tourmalines also will be up for sale at Sotheby’s High Jewelry auction in New York, scheduled for June 16.























