FinancialsAug 15, 2025
In Q2 Results, Pandora Talks Tariffs, Q4 Plans The company had a solid second quarter, with sales of non-charm jewelry outpacing sales of pieces in its core collections.
SurveysDec 12, 2016
The 2016 Global Diamond Report Is Out
While diamond consumption globally is in a “moderation phase,” the overall outlook for the future is positive, the report says.
Antwerp--The Antwerp World Diamond Centre and consulting firm Bain & Company have released their sixth annual global diamond jewelry report.
Examining 2015 and early 2016, the report states that diamond consumption is in a “moderation phase” after growing from 2012 to 2014.
Demand is highest among U.S. consumers, and this was reflected in the improvement of same-store revenues from mainstream jewelry retailers in 2015 like Signet Jewelers Ltd., which owns and operates Kay Jewelers, Jared the Galleria of Jewelry and Zales stores.
Worldwide, retail sales of diamond jewelry increased by 3 percent in 2015 at constant exchange rates, but declined by 2 percent in U.S. dollars. This is due in part to Chinese sales; mainland sales were strong but Hong Kong and Macao experienced a decline in tourist spending.
According to the report, rough diamond sales fell 24 percent in 2015 as suppliers reduced output to match decreased customer demand, increased inventory, and cut rough diamond prices.
Profit margins were some of the lowest in recent years as demand slowed and polished diamond prices decreased. This was coupled with high inventory levels, culminating in cutters and polishers unloading approximately $5 billion in inventory to improve liquidity.
After a difficult 2015, midstream operators restocked in the first half of 2016, and rough diamond sales grew by 20 percent.
This isn’t necessarily positive, however, the report notes, as retail demand must now increase to meet the supply.
In the first half of 2016, sales declined at major jewelry retailers--like Signet--indicating the midstream sector likely will be oversaturated.
Remarking on retail’s hottest topic--millennials--the global diamond jewelry report states that the generation totaled 900 million across India, China and the United States in 2015, with a total income of about $8 trillion. The report advised that the jewelry industry invest in appropriate marketing and brand building that is millennial targeted.
Overall, the outlook for the diamond market is good, with supply of rough diamonds expected to stay in sync with demand over the next three years.
The recent decrease in rough demand is expected to reverse, instead growing probably about 2 to 5 percent annually, with rough production expected to dwindle by about 1 to 2 percent through 2030. This should even out the supply-demand relationship, the report states.
A key factor in this, however, is the growth of the Chinese and Indian middle classes.
Threats to the industry include lab-grown diamonds, possible U.S. recessions,
Editors' Picks
Sponsored by
and the trend of slowed consumption in China, the report states.
Also, the midstream category of diamond players should “secure access to financing and continue to improve its business model to sustain profitability amid potential price volatility.”
To read the entire 2016 Global Diamond Report, visit Bain.com.
Also, the midstream category of diamond players should “secure access to financing and continue to improve its business model to sustain profitability amid potential price volatility.”
To read the entire 2016 Global Diamond Report, visit Bain.com.
More on Surveys
The Latest
EditorsAug 15, 2025
Piece of the Week: Etho Maria’s Showgirl-Approved Ruby Drop Earrings Taylor Swift dons the vibrant pair in new promotional imagery for her upcoming album, “The Life of a Showgirl,” set to release in October.
WatchesAug 15, 2025
Audemars Piguet Acquires Majority Stake in ManufacturerIts investment in micromechanics expert Inhotec will preserve skills essential to the watchmaking industry as a whole, said the company.
Brought to you by
Taking the Moment Head On: How Rio Grande Champions the Present & Future of Fine JewelryAs a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.
MajorsAug 15, 2025
Rio Grande Names New Marketing DirectorNicolette Bianchi joins the wholesale provider with more than 15 years of cross-industry experience in marketing and product development.
Weekly QuizAug 15, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsAug 14, 2025
In Midst of ‘Sardine Girl Summer,’ Pippa Small Looks to ‘Flounder Fall’Her new “Ocean” collection was inspired by Myanmar’s traditional articulated fish jewelry, with depictions of flounder, catfish, and more.
MajorsAug 14, 2025
Casio America Names New CEOLongtime Casio executive Yusuke Suzuki is the new president and CEO of Casio’s U.S. subsidiary.
Brought to you by
Investing in the Next Generation of Bench JewelersThe Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.
SourcingAug 14, 2025
West Coast Orgs to Host Trading Event, Mixer in LAThe full-day sourcing and networking event, slated for Aug. 18, will be followed by the fifth annual Mega Mixer Summer Soirée.
TrendsAug 13, 2025
Cristiano Ronaldo Proposes With Gigantic Oval-Cut DiamondModel Georgina Rodríguez received a rock of an engagement ring, with her diamond estimated to be 35 carats, experts say.
SourcingAug 13, 2025
ICA Names 2025 Board of DirectorsThe board elected 9 new directors at its recent ICA Congress in Brazil.
TrendsAug 13, 2025
Colorado Jeweler, Whiskey Maker Collab on Ring GiveawayThree winners will receive a custom ring from Honest Hands Ring Co. inlaid with a piece of history from Denver-based distillery Stranahan’s.
SourcingAug 13, 2025
Columbia Gem House Launches Winza Sapphires, RubiesThe new inventory, all untreated, features vibrant hues and unique bicolor combinations.
SourcingAug 12, 2025
Gemfields Sells Fabergé for $50MAcquired by a tech investor, the historic brand will continue to focus on jewelry, accessories, and timepieces.
Policies & IssuesAug 12, 2025
Higher Tariff on Chinese Imports Paused for 90 Days, Trump SaysPresident Donald Trump issued an executive order extending the pause on higher tariffs to November as negotiations with China continue.
CollectionsAug 12, 2025
Jacquie Aiche’s New Collection Harnesses the Energy of the ThunderbirdThe “Thunderbird Slab” collection features a thunderbird motif as a symbol of power, protection, and boundless possibility.
ColumnistsAug 12, 2025
Creative Connecting: How to Take a Better HeadshotColumnists Jen Cullen Williams and Duvall O’Steen share tips on how to elevate your professional image.
CrimeAug 11, 2025
Man Convicted of First-Degree Murder in Death of Colorado JewelerPeter Damian Arguello, a jeweler in the Denver suburb of Wheat Ridge, was found dead inside his store in November 2023.
IndependentsAug 11, 2025
Lisa Bridge to Depart Ben Bridge JewelerThe retailer, owned by Berkshire Hathaway, is becoming part of the Berkshire Hathaway Jewelry Group with Helzberg.
Events & AwardsAug 11, 2025
Bethenny Frankel to Give Keynote at CBG’s Experience ShowThe Continental Buying Group’s 2025 Tampa Experience Show is slated for Sept. 8-10.
EditorsAug 11, 2025
The Colors Expected to Be On-Trend in a Couple YearsAssociate Editor Lauren McLemore recently attended a fabrics trade show where a trend forecaster shared her predictions for summer 2027.
FinancialsAug 08, 2025
Brilliant Earth’s Q2 Sales Up 3% as Engagement Ring Sales RiseThe company raised its full-year sales guidance while noting it has not yet assessed the potential impact of the latest tariff news.
Events & AwardsAug 08, 2025
GJEPC’s Jewellers for Hope Celebrates 10 Years of FundraisingThe organization has raised more than $1.3 million for charity since its inception.
TrendsAug 08, 2025
Piece of the Week: Rahaminov Diamonds’ Bezel BangleThe brand’s latest iteration of a bezel-set diamond bangle features clean lines and a timeless design for a new modern silhouette.
WatchesAug 07, 2025
Bulova’s New Collection Honors Tony BennettThe first watch in the series commemorates his participation in the Civil Rights movement, marching from Selma to Montgomery in 1965.
Lab-GrownAug 07, 2025
Chatham Releases Catalog for Loose Lab-Grown GemstonesThe catalog contains a complete listing of all the loose gemstones in stock, as well as information about the properties of each stone.
TechnologyAug 07, 2025
Rembrandt Charms Debuts New Website, Bird CharmsThe company added a retailer dashboard to its site and three new birds to its charm collection, the cardinal, blue jay, and hummingbird.
