These customer behavior patterns say a lot about how successful your jewelry store is going to be this year, Emmanuel Raheb writes.
De Beers Sales Flatline, Alrosa’s Climb
The strongest demand is at the top end of the market, with De Beers allowing sightholders to hold off on buying lower-value rough for now.

New York—The strongest demand for diamonds is coming from the top end of the market currently, with De Beers allowing sightholders to defer on lower-end goods.
The diamond miner and marketer’s most recent sightholder and auction sales totaled $505 million, slightly below the $507 million sold in the same period last year. (The $505 million, it should be noted, is a provisional figure that likely will be revised upward.)
De Beers CEO Bruce Cleaver said at this most recent sight, the company gave sightholders the chance to “re-phase the allocation” of lower-value rough diamonds, meaning it let buyers put off on buying smaller stones for now.
He described rough diamond demand as “stable” ahead of the September Hong Kong Jewellery & Gem Fair, which was held last week but cut one day short after Typhoon Mangkhut slammed into Hong Kong in the midst of the show.
The figure for sightholder and auction sales for the sixth sales cycle, released last month, was revised upward from $530 million to $533 million.
Alrosa, meanwhile, reported year-over-year increases in diamond sales for both the month of August and year-to-date.
The Moscow-based diamond miner sold $294.9 million in diamonds last month—$283.2 million in rough and $11.7 million in polished—a 14 percent year-over-year increase.
In January through August, Alrosa’s sales grew 9 percent year-over-year to $3.32 billion, $3.26 billion in rough and the remaining $67 million in polished.
Deputy CEO for Sales Yury Okoemov said demand for diamonds continues to be positive and is stable across Alrosa’s entire range of diamonds, with higher-priced rough diamonds performing best.
RELATED CONTENT: Alrosa Holds First Sale of Natural Color Diamonds in HKHe said the company maintains a “moderately positive” outlook for the remainder of 2018. Longer term, the growing demand for diamond jewelry in the world’s three main markets, the United States, China and India, will continue to support the industry, he said.
Here is a chart showing the year-over-year comparison for De Beers’ rough diamond sales so far this year. The diamond miner and marketer’s 2018 sales are pacing about 2 percent behind last year’s at $3.93 billion to date.
2017 2018 First sales cycle $729 million $672 million Second $553 million $563 million Third
The Latest

Mejuri’s popular collection of 18-karat yellow gold vermeil rings debuted in sterling silver alongside new “Puzzle” slider charms.

The Miami-based jewelry brand and the NYC-based artist will be in Dallas from April 9-11.

You deserve to know what you are selling–to protect your customers as well as your business and your reputation.

Moses, who will leave the lab in May after nearly 50 years, discusses his start in the business, gemstones that stand out, and what’s next.


The new catalog, which showcases 35 one-of-a-kind pieces of jewelry, is a compliment to the company’s popular holiday catalog.

Production has ceased at the Canadian diamond mine, which has yielded more than 150 million carats of rough diamonds in its 23-year run.

Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.

The store opening marks the 10th United States location for the India-based jewelry retailer.

Two Saks Fifth Avenue locations, one in Florida and one in California, and one Neiman Marcus store are off the chopping block.

West, who started in the art department at the Leading Jewelers Guild in 1979, is remembered for his patience, kindness, and dedication.

In the “Tesoro” version of the ring, our Piece of the Week, each side of the gold hexagonal nugget has a unique colored gemstone design.

Cohen discusses the evolution of Citizen’s light-powered technology, the brand’s cross-generational appeal, and tariffs.

“Essentially Human: On Sales and Salespeople" reveals the underlying human traits and behaviors of the most successful sales professionals.

The collection features symbols of love, luck, and light, based on the story of Queen Cassandane and Cyrus the Great of Persia.

It’s the third scholarship to be launched as part of the partnership to help appraisers advance their professional credentials.

The deadline for entries in the jewelry design competition has been extended to April 3.

After 28 years with JCK, the veteran industry journalist is launching his own publication on Substack called The Jewelry Wire.

Wiley said the project will give scientists worldwide access to the American Museum of Natural’s History renowned mineral collection.

The “Flower Puff” collection looks to beaded flower friendship bracelets from childhood, turning the silhouette into nostalgic fine jewelry.

Set for April 2, the webinar will discuss how the jewelry industry can address the workforce gap.

Bayer, founder of Lisa Bayer Designs, is remembered as “a bright light in every room.”

The highest-grossing lot was a Tiffany & Co. ring set with a flawless, emerald-cut diamond of 10 carats.

The next three editions of AGTA GemFair Tucson will feature a five-day show that includes Sunday.

Former Sotheby’s executive Tom Heap has taken on the London-based role.

The group of women allegedly robbed two Catbird stores and one Gorjana location on the afternoon of March 9.

Movado CEO Efraim Grinberg noted continued strength in the fashion watch and accessible luxury segments in the U.S.





















