Sunday, October 29, 2017
Sunday, October 8, 2017
The largest jewellery market is the United States with a market share of 30.8%
Jewellery played a major role in the fate of the Americas when the Spanish established an empire to seize South American gold. Jewellery making developed in the Americas 5,000 years ago in Central and South America. Large amounts of gold was easily accessible, and the Aztecs, Mixtecs, Mayans, and numerous Andean cultures, such as the Mochica of Peru, created beautiful pieces of jewellery.
With the Mochica culture, goldwork flourished. The pieces are no longer simple metalwork, but are now masterful examples of jewellery making. Pieces are sophisticated in their design, and feature inlays of turquoise, mother of pearl, spondylus shell, and amethyst. The nose and ear ornaments, chest plates, small containers and whistles are considered masterpieces of ancient Peruvian culture.[45]
Among the Aztecs, only nobility wore gold jewellery, as it showed their rank, power, and wealth. Gold jewellery was most common in the Aztec Empire and was often decorated with feathers from Quetzal birds and others. In general, the more jewellery an Aztec noble wore, the higher his status or prestige. The Emperor and his High Priests, for example, would be nearly completely covered in jewellery when making public appearances. Although gold was the most common and a popular material used in Aztec jewellery, jade, turquoise, and certain feathers were considered more valuable.[46] In addition to adornment and status, the Aztecs also used jewellery in sacrifices to appease the gods. Priests also used gem-encrusted daggers to perform animal and human sacrifices.[21][33]
Another ancient American civilization with expertise in jewellery making were the Maya. At the peak of their civilization, the Maya were making jewellery from jade, gold, silver, bronze, and copper. Maya designs were similar to those of the Aztecs, with lavish headdresses and jewellery. The Maya also traded in precious gems. However, in earlier times, the Maya had little access to metal, so they made the majority of their jewellery out of bone or stone. Merchants and nobility were the only few that wore expensive jewellery in the Maya region, much the same as with the Aztecs.[39]
In North America, Native Americans used shells, wood, turquoise, and soapstone, almost unavailable in South and Central America. The turquoise was used in necklaces and to be placed in earrings. Native Americans with access to oyster shells, often located in only one location in America, traded the shells with other tribes, showing the great importance of the body adornment trade in Northern America.[47]
Native American[edit]
Native American jewellery is the personal adornment, often in the forms of necklaces, earrings, bracelets, rings, pins, brooches, labrets, and more, made by the Indigenous peoples of the United States. Native American jewellery reflects the cultural diversity and history of its makers. Native American tribes continue to develop distinct aesthetics rooted in their personal artistic visions and cultural traditions. Artists create jewellery for adornment, ceremonies, and trade. Lois Sherr Dubin writes, "[i]n the absence of written languages, adornment became an important element of Indian [Native American] communication, conveying many levels of information." Later, jewellery and personal adornment "...signaled resistance to assimilation. It remains a major statement of tribal and individual identity."[48]
Metalsmiths, beaders, carvers, and lapidaries combine a variety of metals, hardwoods, precious and semi-precious gemstones, beadwork, quillwork, teeth, bones, hide, vegetal fibres, and other materials to create jewellery. Contemporary Native American jewellery ranges from hand-quarried and processed stones and shells to computer-fabricated steel and titanium jewellery.
Pacific[edit]
Jewellery making in the Pacific started later than in other areas because of recent human settlement. Early Pacific jewellery was made of bone, wood, and other natural materials, and thus has not survived. Most Pacific jewellery is worn above the waist, with headdresses, necklaces, hair pins, and arm and waist belts being the most common pieces.
Jewellery in the Pacific, with the exception of Australia, is worn to be a symbol of either fertility or power. Elaborate headdresses are worn by many Pacific cultures and some, such as the inhabitants of Papua New Guinea, wear certain headdresses once they have killed an enemy. Tribesman may wear boar bones through their noses.
Island jewellery is still very much primal because of the lack of communication with outside cultures. Some areas of Borneo and Papua New Guinea are yet to be explored by Western nations. However, the island nations that were flooded with Western missionaries have had drastic changes made to their jewellery designs. Missionaries saw any type of tribal jewellery as a sign of the wearer's devotion to paganism. Thus many tribal designs were lost forever in the mass conversion to Christianity.[49]
Australia is now the number one supplier of opals in the world. Opals had already been mined in Europe and South America for many years prior, but in the late 19th century, the Australian opal market became predominant. Australian opals are only mined in a few select places around the country, making it one of the most profitable stones in the Pacific.[50]
The New Zealand Māori traditionally had a strong culture of personal adornment,[51] most famously the hei-tiki. Hei-tikis are traditionally carved by hand from bone, nephrite, or bowenite.
Nowadays a wide range of such traditionally inspired items such as bone carved pendants based on traditional fishhooks hei matau and other greenstone jewellery are popular with young New Zealanders of all backgrounds – for whom they relate to a generalized sense of New Zealand identity. These trends have contributed towards a worldwide interest in traditional Māori culture and arts.
Other than jewellery created through Māori influence, modern jewellery in New Zealand is multicultural and varied.[49]
Modern[edit]
Most modern commercial jewellery continues traditional forms and styles, but designers such as Georg Jensen have widened the concept of wearable art. The advent of new materials, such as plastics, Precious Metal Clay (PMC), and colouring techniques, has led to increased variety in styles. Other advances, such as the development of improved pearl harvesting by people such as Mikimoto Kōkichi and the development of improved quality artificial gemstones such as moissanite (a diamond simulant), has placed jewellery within the economic grasp of a much larger segment of the population.
The "jewellery as art" movement was spearheaded by artisans such as Robert Lee Morris and continued by designers such as Gill Forsbrook in the UK. Influence from other cultural forms is also evident. One example of this is bling-bling style jewellery, popularised by hip-hop and rap artists in the early 21st century, e.g. grills, a type of jewellery worn over the teeth.
The late 20th century saw the blending of European design with oriental techniques such as Mokume-gane. The following are innovations in the decades straddling the year 2000: "Mokume-gane, hydraulic die forming, anti-clastic raising, fold-forming, reactive metal anodising, shell forms, PMC, photoetching, and [use of] CAD/CAM."[52]
Also, 3D printing as a production technique gains more and more importance. With a great variety of services offering this production method, jewellery design becomes accessible to a growing number of creatives. An important advantage of using 3d printing are the relatively low costs for prototypes, small batch series or unique and personalizeddesigns. Shapes that are hard or impossible to create by hand can often be realized by 3D printing. Popular materials to print include Polyamide, steel and wax (latter for further processing). Every printable material has its very own constraints that have to be considered while designing the piece of jewellery using 3D Modelling Software.
Artisan jewellery continues to grow as both a hobby and a profession. With more than 17 United States periodicals about beading alone, resources, accessibility, and a low initial cost of entry continues to expand production of hand-made adornments. Some fine examples of artisan jewellery can be seen at The Metropolitan Museum of Art in New York City.[53] The increase in numbers of students choosing to study jewellery design and production in Australia has grown in the past 20 years, and Australia now has a thriving contemporary jewellery community. Many of these jewellers have embraced modern materials and techniques, as well as incorporating traditional workmanship.
More expansive use of metal to adorn the wearer, where the piece is larger and more elaborate than what would normally be considered jewellery, has come to be referred to by designers and fashion writers as Metal Couture.[54][55]
Masonic[edit]
Freemasons attach jewels to their detachable collars when in Lodge to signify a Brothers Office held with the Lodge. For example, the square represents the Master of the Lodge and the dove represents the Deacon.
Body modification[edit]
Jewellery used in body modification can be simple and plain or dramatic and extreme. The use of simple silver studs, rings, and earrings predominates. Common jewellery pieces such as, earrings are a form of body modification, as they are accommodated by creating a small hole in the ear.
Padaung women in Myanmar place large golden rings around their necks. From as early as five years old, girls are introduced to their first neck ring. Over the years, more rings are added. In addition to the twenty-plus pounds of rings on her neck, a woman will also wear just as many rings on her calves. At their extent, some necks modified like this can reach 10–15 in (25–38 cm) long. The practice has health impacts and has in recent years declined from cultural norm to tourist curiosity.[56] Tribes related to the Paduang, as well as other cultures throughout the world, use jewellery to stretch their earlobes or enlarge ear piercings. In the Americas, labrets have been worn since before first contact by Innuand First Nations peoples of the northwest coast.[57] Lip plates are worn by the African Mursi and Sara people, as well as some South American peoples.
In the late twentieth century, the influence of modern primitivism led to many of these practices being incorporated into western subcultures. Many of these practices rely on a combination of body modification and decorative objects, thus keeping the distinction between these two types of decoration blurred.
In many cultures, jewellery is used as a temporary body modifier; in some cases, with hooks or other objects being placed into the recipient's skin. Although this procedure is often carried out by tribal or semi-tribal groups, often acting under a trance during religious ceremonies, this practice has seeped into western culture. Many extreme-jewellery shops now cater to people wanting large hooks or spikes set into their skin. Most often, these hooks are used in conjunction with pulleys to hoist the recipient into the air. This practice is said to give an erotic feeling to the person and some couples have even performed their marriage ceremony whilst being suspended by hooks.[56]
Jewellery market[edit]
According to a 2007 KPMG study,[58] the largest jewellery market is the United States with a market share of 30.8%, Japan, India, China, and the Middle East each with 8–9%, and Italy with 5%. The authors of the study predict a dramatic change in market shares by 2015, where the market share of the United States will have dropped to around 25%, and China and India will increase theirs to over 13%. The Middle East will remain more or less constant at 9%, whereas Europe's and Japan's marketshare will be halved and become less than 4% for Japan, and less than 3% for the biggest individual European countries, Italy and the UK.
Sunday, October 1, 2017
Thursday, August 3, 2017
Mass produced in unlimited quantities, they will make "diamonds" available to a much wider audience
It's time to shed some light on a question that could devalue jewelry owned by people around the world and harm the lives of millions of workers in Africa and other developing regions. This is a question of unannounced diamonds grown in the laboratory, and the risk that they will penetrate the natural diamonds pipeline.
Although the jewelry stones grown in the laboratory are still produced in relatively small quantities and it is estimated that their annual sales amount to $ 0.5 billion versus $ 23 billion from natural diamonds, steady progress in technology makes their mass production more and more possible. This, in turn, threatens their significant diversion into the natural diamond pipeline more and more - if governments, international organizations and industry do not take drastic measures, demanding that the stones grown in the laboratory be declared and tracked from the very beginning.
Why, can readers ask, should state institutions and industry players worry about protecting the natural diamond pipeline? In the end, it is claimed that grown in the laboratory stones can and should replace natural diamonds [1]. The stones produced in the laboratory not only do not differ from those of all people, but also the most complex equipment. In addition, they - or at least, it is stated - are environmentally cleaner, and they are not affected by any of those socio-political issues related to the work of mines in developing countries. And, since such stones can be mass produced in unlimited quantities, they will make "diamonds" available to a much wider audience.
At the same time, there is one fundamental gap in this argument: natural stones grown in the laboratory are completely different creatures, with completely different purposes and for completely different markets. Natural diamond is the rarest and purest part of nature: there are no two identical stones, and the age of each of them, as a rule, reaches from 1 to 3 billion years. In contrast, grown in the laboratory stones can be infinitely reproduced with the help of technology, quickly and scale. While natural diamonds are uniquely valued both in jewelry and as long-term means of preserving value, grown in the laboratory, stones do not have intrinsic value and are only an alternative material for making jewelry.
Just as there is a place in the jewelry market for lab-grown stones, it also has its place for natural diamonds - which have a dual purpose, representing unique and rare jewelry and a potential eternal means of preserving value.
The uniqueness of each natural diamond is a powerful engine of the rarities economy. Indeed, in recent years, natural diamonds have not only retained their value, but also increased in value. Diamonds of 5 carats or more purchased from 10% to 30% in value from 2009 (with peak values exceeding 60% during this time), while stones weighing 1 to 3 carats increased in price by 5% -20% during the considered period (with peaks exceeding 100%). Very rare colored diamonds increase their value even faster - their prices grew by 10% -20% per year during the specified period
http://www.ehudlaniado.com/home/index.php/news/entry/it-s-time-to-regulate-and-rename-lab-grown-diamonds
Although the jewelry stones grown in the laboratory are still produced in relatively small quantities and it is estimated that their annual sales amount to $ 0.5 billion versus $ 23 billion from natural diamonds, steady progress in technology makes their mass production more and more possible. This, in turn, threatens their significant diversion into the natural diamond pipeline more and more - if governments, international organizations and industry do not take drastic measures, demanding that the stones grown in the laboratory be declared and tracked from the very beginning.
Why, can readers ask, should state institutions and industry players worry about protecting the natural diamond pipeline? In the end, it is claimed that grown in the laboratory stones can and should replace natural diamonds [1]. The stones produced in the laboratory not only do not differ from those of all people, but also the most complex equipment. In addition, they - or at least, it is stated - are environmentally cleaner, and they are not affected by any of those socio-political issues related to the work of mines in developing countries. And, since such stones can be mass produced in unlimited quantities, they will make "diamonds" available to a much wider audience.
At the same time, there is one fundamental gap in this argument: natural stones grown in the laboratory are completely different creatures, with completely different purposes and for completely different markets. Natural diamond is the rarest and purest part of nature: there are no two identical stones, and the age of each of them, as a rule, reaches from 1 to 3 billion years. In contrast, grown in the laboratory stones can be infinitely reproduced with the help of technology, quickly and scale. While natural diamonds are uniquely valued both in jewelry and as long-term means of preserving value, grown in the laboratory, stones do not have intrinsic value and are only an alternative material for making jewelry.
Just as there is a place in the jewelry market for lab-grown stones, it also has its place for natural diamonds - which have a dual purpose, representing unique and rare jewelry and a potential eternal means of preserving value.
The uniqueness of each natural diamond is a powerful engine of the rarities economy. Indeed, in recent years, natural diamonds have not only retained their value, but also increased in value. Diamonds of 5 carats or more purchased from 10% to 30% in value from 2009 (with peak values exceeding 60% during this time), while stones weighing 1 to 3 carats increased in price by 5% -20% during the considered period (with peaks exceeding 100%). Very rare colored diamonds increase their value even faster - their prices grew by 10% -20% per year during the specified period
http://www.ehudlaniado.com/home/index.php/news/entry/it-s-time-to-regulate-and-rename-lab-grown-diamonds
This is very important for planning the production of diamonds
Sometimes, when you talk to sightholders, they have a firm, even sharp opinion about their deliveries to sites, prices and market conditions. It happens in times of instability. At other times, their opinion is rather moderate, they are inferior to the demands of the market and everything that happens on it in such periods. But in turbulent times sightholders very rarely remain restrained or reconcile with the situation, which is now observed.
Currently, it is difficult to determine the size of De Beers' websites. All brokers agree that De Beers offered diamonds worth about $ 600 million, and there were still applications for unscheduled deliveries worth $ 50 million. There was no clear trend in prices, although there were many changes - both in the direction of their increase, and in the direction of their decrease.
LOSS OF INTEREST?
Many believe that the assortments were different on this site, many claim that they were worse, although some argue that the boxes were better. In general, the combination of price changes and assortments led to conflicting reports - some said that prices were actually higher, although others said that prices had not actually changed.
Such contradictory opinions about the site can explain such a nonsensical response of sightholders. Maybe it reflects a loss of interest. Sightholders resigned themselves to the fact that there is a new policy of pricing and that the rates of return will be low for a long time.
In response, many in the industry are taking measures to reduce costs, for example, reduce operations or reduce the number of employees. At the same time, it makes more sense to invest in marketing - and not just in advertising, but in ways to reach more potential customers and raise current accounts, or to find new sources of income.
The need to take such measures does not pass by anyone, even the largest, most recognized and well-integrated companies. Probably, it is this that should concern those who are in the middle part of the diamond pipeline. No one has immunity. Quarterly results of public companies are a confirmation of this. If they suffer, they are not at all surprised by reports that small and even medium-sized diamond firms in India quietly close production and leave the diamond industry.
BUY AND PLAY
But most companies can not just liquidate and close. They have such a large share of borrowed funds, that liquidation of the enterprise will not cover their debts to banks. Owners are simply forced to continue moving on. This partly explains why some sightholders will continue to buy goods on the site, even if it is not profitable; This is not a suicidal economy; Rather, it is a survival economy.
Of course, every business wants to be profitable, therefore, when sightholders come to pick up their goods and see prices, they are disturbed when they realize that talking about profitability with this product can be stretched. One broker said in this connection: "They buy and cry - and De Beers wants this to happen." The point is that the prices were the highest - high, but not so much that the goods were left on the counter. If the sightholders are smiling, it means that there is a profit that De Beers did not take away, "and there it does not like it," he added.
Last week, a team from De Beers was in Israel at annual meetings on the analysis of activities. I'm sure they heard a lot of complaints. In the same week, Bluedax, an online brokerage company working with rough diamonds, added a new characteristic to the sales volume report that they sent out: all transactions that were considered a possible loss were marked in red. A couple of sightholders are reported to have printed this report and put it on their desks. They wanted De Beers to see that they were losing money.
PROFITS WERE SMALL
Demand for goods in the secondary market was weak in this cycle, and even fewer boxes moved into other hands. Prices were also low, and figures show that many boxes were sold at a loss of about 1-2 percent.
The combination of low demand, uncertainty about the economic feasibility of products in the production of diamonds and possible losses when selling boxes in the secondary market requires a certain level of profit. The profit is estimated by low double-digit figures, less than 15%, although some estimates were much higher. De Beers "reused" some goods, and in the end, the profit, according to calculations, was expressed by a high single digit.
PARADOXICAL SITUATION WITH ITO
ITO (Intention To Offer - the intention to make an offer) is a schedule of supply of rough diamonds. It used to be that sightholders knew exactly when they would receive their goods. This is very important for planning the production of diamonds and for working with clients. Confidence that you have sustainable supplies, as well as knowing when and how much the goods will be delivered, means that you can engage in long-term planning. This was one of the most important aspects of the fact that you are the buyer with whom the contract is entered into.
It used to be that De Beers' fee for Value Added Services (VAS) - a rate of approximately 1.5% of the value of the product - was paid for various marketing initiatives, seminars and related activities . Currently, VAS is a payment for providing you with ITO - you receive services of a higher class and priority over those who chose not to pay. Last year, De Beers sold diamonds worth $ 6.48 billion. At a rate of 1.5%, VAS formed a significant additional income of over $ 90 million.
Changes in the way ITO works have led to uncertainty in the receipt of goods. For example, on the last site, it is estimated that there was a deficit of about 10% of the expected ITO for the so-called Indian commodity. This somewhat reduced the certainty as to when the product will be delivered, and this has a detrimental effect on the possibility of long-term planning. On the last site, it caused some disappointment, and according to one person, even a huge disappointment.
SEARCH ALTERNATIVES
The loss of certainty with respect to ITO is contrary to the concept of contractual deliveries, although it may be considered that at times like this, the non-receipt of the ITO part causes a certain sense of relief, if not for everyone, then at least for some.
The combination of price, availability and large volumes of supplies makes many diamond manufacturers participate in tenders in search of the goods they need at more reasonable prices. Make an order and win, and you will have the right product at the right price. Or lose, and then you will be without a product, which, in your opinion, does not create the necessary profit.
The irony is that for many years sightholders are afraid that De Beers will cancel the site system and replace it with a tendering system.
PRICE DEPOSIT ON DIAMONDS
Someone told me last week that the current deflation of diamond prices is the longest in recent years - probably from the time of the big price drop in the early 1980s. They have been falling since the peak of prices in 2011. According to the price index for diamonds IDEX Online, prices fell by an average of more than 12 percent. Round cut diamonds weighing one carat have lost more than 22% in price since July 2011, according to Mercury Diamonds.
For almost four years, since the peak prices, prices have risen by several points, so it can formally be said that the price decline is not permanent. But if you look at the chart below, you can agree that over the past four years, the price trend shows a decline.
http://edahngolan.com/buying-and-crying-the-longest-diamond-recession/
Currently, it is difficult to determine the size of De Beers' websites. All brokers agree that De Beers offered diamonds worth about $ 600 million, and there were still applications for unscheduled deliveries worth $ 50 million. There was no clear trend in prices, although there were many changes - both in the direction of their increase, and in the direction of their decrease.
LOSS OF INTEREST?
Many believe that the assortments were different on this site, many claim that they were worse, although some argue that the boxes were better. In general, the combination of price changes and assortments led to conflicting reports - some said that prices were actually higher, although others said that prices had not actually changed.
Such contradictory opinions about the site can explain such a nonsensical response of sightholders. Maybe it reflects a loss of interest. Sightholders resigned themselves to the fact that there is a new policy of pricing and that the rates of return will be low for a long time.
In response, many in the industry are taking measures to reduce costs, for example, reduce operations or reduce the number of employees. At the same time, it makes more sense to invest in marketing - and not just in advertising, but in ways to reach more potential customers and raise current accounts, or to find new sources of income.
The need to take such measures does not pass by anyone, even the largest, most recognized and well-integrated companies. Probably, it is this that should concern those who are in the middle part of the diamond pipeline. No one has immunity. Quarterly results of public companies are a confirmation of this. If they suffer, they are not at all surprised by reports that small and even medium-sized diamond firms in India quietly close production and leave the diamond industry.
BUY AND PLAY
But most companies can not just liquidate and close. They have such a large share of borrowed funds, that liquidation of the enterprise will not cover their debts to banks. Owners are simply forced to continue moving on. This partly explains why some sightholders will continue to buy goods on the site, even if it is not profitable; This is not a suicidal economy; Rather, it is a survival economy.
Of course, every business wants to be profitable, therefore, when sightholders come to pick up their goods and see prices, they are disturbed when they realize that talking about profitability with this product can be stretched. One broker said in this connection: "They buy and cry - and De Beers wants this to happen." The point is that the prices were the highest - high, but not so much that the goods were left on the counter. If the sightholders are smiling, it means that there is a profit that De Beers did not take away, "and there it does not like it," he added.
Last week, a team from De Beers was in Israel at annual meetings on the analysis of activities. I'm sure they heard a lot of complaints. In the same week, Bluedax, an online brokerage company working with rough diamonds, added a new characteristic to the sales volume report that they sent out: all transactions that were considered a possible loss were marked in red. A couple of sightholders are reported to have printed this report and put it on their desks. They wanted De Beers to see that they were losing money.
PROFITS WERE SMALL
Demand for goods in the secondary market was weak in this cycle, and even fewer boxes moved into other hands. Prices were also low, and figures show that many boxes were sold at a loss of about 1-2 percent.
The combination of low demand, uncertainty about the economic feasibility of products in the production of diamonds and possible losses when selling boxes in the secondary market requires a certain level of profit. The profit is estimated by low double-digit figures, less than 15%, although some estimates were much higher. De Beers "reused" some goods, and in the end, the profit, according to calculations, was expressed by a high single digit.
PARADOXICAL SITUATION WITH ITO
ITO (Intention To Offer - the intention to make an offer) is a schedule of supply of rough diamonds. It used to be that sightholders knew exactly when they would receive their goods. This is very important for planning the production of diamonds and for working with clients. Confidence that you have sustainable supplies, as well as knowing when and how much the goods will be delivered, means that you can engage in long-term planning. This was one of the most important aspects of the fact that you are the buyer with whom the contract is entered into.
It used to be that De Beers' fee for Value Added Services (VAS) - a rate of approximately 1.5% of the value of the product - was paid for various marketing initiatives, seminars and related activities . Currently, VAS is a payment for providing you with ITO - you receive services of a higher class and priority over those who chose not to pay. Last year, De Beers sold diamonds worth $ 6.48 billion. At a rate of 1.5%, VAS formed a significant additional income of over $ 90 million.
Changes in the way ITO works have led to uncertainty in the receipt of goods. For example, on the last site, it is estimated that there was a deficit of about 10% of the expected ITO for the so-called Indian commodity. This somewhat reduced the certainty as to when the product will be delivered, and this has a detrimental effect on the possibility of long-term planning. On the last site, it caused some disappointment, and according to one person, even a huge disappointment.
SEARCH ALTERNATIVES
The loss of certainty with respect to ITO is contrary to the concept of contractual deliveries, although it may be considered that at times like this, the non-receipt of the ITO part causes a certain sense of relief, if not for everyone, then at least for some.
The combination of price, availability and large volumes of supplies makes many diamond manufacturers participate in tenders in search of the goods they need at more reasonable prices. Make an order and win, and you will have the right product at the right price. Or lose, and then you will be without a product, which, in your opinion, does not create the necessary profit.
The irony is that for many years sightholders are afraid that De Beers will cancel the site system and replace it with a tendering system.
PRICE DEPOSIT ON DIAMONDS
Someone told me last week that the current deflation of diamond prices is the longest in recent years - probably from the time of the big price drop in the early 1980s. They have been falling since the peak of prices in 2011. According to the price index for diamonds IDEX Online, prices fell by an average of more than 12 percent. Round cut diamonds weighing one carat have lost more than 22% in price since July 2011, according to Mercury Diamonds.
For almost four years, since the peak prices, prices have risen by several points, so it can formally be said that the price decline is not permanent. But if you look at the chart below, you can agree that over the past four years, the price trend shows a decline.
http://edahngolan.com/buying-and-crying-the-longest-diamond-recession/
About ten years ago, when De Beers first experimented with its branded product
(JCK) - At the exhibition in Las Vegas, JCK Las Vegas 2015, two important news from the marketing of diamonds were announced:
- De Beers will revive its classic slogan "Brilliant is forever" for its Forevermark brand.
- Leading diamond mining companies create the Diamond Producers Association (DPA), intended (in part) to promote diamonds as a category.
Separately, these ads make sense. And together - no.
First of all, it's great that De Beers resurrects the slogan "Brilliant is forever"; It remains one of the most popular slogans in the history of advertising. (According to the legend, it was created at midnight by a copywriter with sleepy eyes, who prayed for the line to come, printed it, then disconnected from fatigue). In the last few years, it has been used by De Beers in its retail network, but it has almost disappeared - a sad fate for one of the most powerful weapons in the arsenal of the industry.
And yet, this slogan was created to promote the product: diamonds. He was invented to promote not the diamond brand, but the whole category of diamonds in general.
About ten years ago, when De Beers first experimented with its branded product, some joked that its new advertising slogan could be "Our Diamonds Are Forever". But, of course, it would not work. The slogan works only when it speaks about all diamonds.
So why not allow the Diamond Manufacturers Association to use it? This organization starts working with a small annual budget of $ 6 million - there are diamonds that are sold at a price higher than this amount - so why not give it impetus by allowing one of the most famous advertising slogans of all time?
In addition, DPA may want to distinguish between natural diamonds and synthetic diamonds. And this slogan is good for this. Natural diamonds were formed billions of years ago. This is an eternity!
http://rough-polished.com/ru/expertise/97414.html
http://www.jckonline.com/
- De Beers will revive its classic slogan "Brilliant is forever" for its Forevermark brand.
- Leading diamond mining companies create the Diamond Producers Association (DPA), intended (in part) to promote diamonds as a category.
Separately, these ads make sense. And together - no.
First of all, it's great that De Beers resurrects the slogan "Brilliant is forever"; It remains one of the most popular slogans in the history of advertising. (According to the legend, it was created at midnight by a copywriter with sleepy eyes, who prayed for the line to come, printed it, then disconnected from fatigue). In the last few years, it has been used by De Beers in its retail network, but it has almost disappeared - a sad fate for one of the most powerful weapons in the arsenal of the industry.
And yet, this slogan was created to promote the product: diamonds. He was invented to promote not the diamond brand, but the whole category of diamonds in general.
About ten years ago, when De Beers first experimented with its branded product, some joked that its new advertising slogan could be "Our Diamonds Are Forever". But, of course, it would not work. The slogan works only when it speaks about all diamonds.
So why not allow the Diamond Manufacturers Association to use it? This organization starts working with a small annual budget of $ 6 million - there are diamonds that are sold at a price higher than this amount - so why not give it impetus by allowing one of the most famous advertising slogans of all time?
In addition, DPA may want to distinguish between natural diamonds and synthetic diamonds. And this slogan is good for this. Natural diamonds were formed billions of years ago. This is an eternity!
http://rough-polished.com/ru/expertise/97414.html
http://www.jckonline.com/
Availability of diamonds that can be used for the design and manufacture of jewelry
It is believed that the fall of the meteorite in the Siberian region of Russia, which happened millions of years ago, brought trillions of carats of diamonds. Scientists in Russia said that Russia has a huge diamond deposit that has enough technical grade diamonds to meet the demand of the entire world market for the next 3000 years. The diamond deposit was discovered in the early 1970s, and it is located under a crater left by a meteorite that crashed about 35 million years ago.
A meteorite crater, known as the Popigai Crater, was discovered in Russia during the Soviet era. This discovery should transform the diamond industry in the world. Officials from the Siberian Branch of the Russian Academy of Sciences confirmed that the crater located in Eastern Siberia contains trillions of carats of "impact diamonds." These diamonds can be used in high-tech devices, and they have many other technological applications. But they can not be used for the design or manufacture of jewelry. It is reported that the entire Siberian diamond deposit contains more diamonds than all the current known deposits in the world.
Nikolay Pokhilenko, director of the Institute of Geology and Mineralogy. VS Sobolev SB RAS in Novosibirsk, informed news agencies that another molecular form of carbon in diamonds from the Popigai crater was also discovered. He also mentioned that they can have properties and a crystalline form that makes them almost twice as hard as traditional diamonds. This will give them excellent qualities for industrial applications. He said that this discovery could revolutionize many sectors. But he also explained that this will not affect the global diamond market, as it is regulated by the availability of diamonds that can be used for the design and manufacture of jewelry.
Pokhilenko also explained that the unsurpassed hardness of diamonds is probably due to the extremely high temperature and very high pressure that affected the carbon molecules during the explosion when the meteorite fell. He said that his institute, together with the Russian diamond mining company ALROSA, controlled by the state, plans to send a group of geological prospectors to this field. The meteorite left a 60-mile (100-kilometer) crater in Siberia when it fell about 35 million years ago and at the same time gave Russia trillions of carats of diamonds.
Officials from the Siberian Branch of the Russian Academy of Sciences said that it is still necessary to determine the economic aspects of their expedition. Their scientists met in Novosibirsk to discuss the issue. Work is under way to assess the environmental and economic aspects of mining in this region. Russian officials have not yet reported new research data. It will be interesting to see how the current Russian government will continue to disclose information about the diamond field, as it is known for hiding information from its citizens and is not transparent about politics.
The deposit was discovered by Soviet scientists in the early 1970s. But the Soviet leadership decided not to conduct geological exploration work on the field, but preferred instead to produce synthetic diamonds for use in industry. Until the collapse of the Soviet Union in late 1991, the world was not aware of this deposit. Disclosure of information that the fall of the meteorite gave Russia trillions of carats of diamonds, caused great interest in this discovery.
http://guardianlv.com/2015/03/meteorite-crash-gave-russia-trillions-of-carats-of-diamonds/
A meteorite crater, known as the Popigai Crater, was discovered in Russia during the Soviet era. This discovery should transform the diamond industry in the world. Officials from the Siberian Branch of the Russian Academy of Sciences confirmed that the crater located in Eastern Siberia contains trillions of carats of "impact diamonds." These diamonds can be used in high-tech devices, and they have many other technological applications. But they can not be used for the design or manufacture of jewelry. It is reported that the entire Siberian diamond deposit contains more diamonds than all the current known deposits in the world.
Nikolay Pokhilenko, director of the Institute of Geology and Mineralogy. VS Sobolev SB RAS in Novosibirsk, informed news agencies that another molecular form of carbon in diamonds from the Popigai crater was also discovered. He also mentioned that they can have properties and a crystalline form that makes them almost twice as hard as traditional diamonds. This will give them excellent qualities for industrial applications. He said that this discovery could revolutionize many sectors. But he also explained that this will not affect the global diamond market, as it is regulated by the availability of diamonds that can be used for the design and manufacture of jewelry.
Pokhilenko also explained that the unsurpassed hardness of diamonds is probably due to the extremely high temperature and very high pressure that affected the carbon molecules during the explosion when the meteorite fell. He said that his institute, together with the Russian diamond mining company ALROSA, controlled by the state, plans to send a group of geological prospectors to this field. The meteorite left a 60-mile (100-kilometer) crater in Siberia when it fell about 35 million years ago and at the same time gave Russia trillions of carats of diamonds.
Officials from the Siberian Branch of the Russian Academy of Sciences said that it is still necessary to determine the economic aspects of their expedition. Their scientists met in Novosibirsk to discuss the issue. Work is under way to assess the environmental and economic aspects of mining in this region. Russian officials have not yet reported new research data. It will be interesting to see how the current Russian government will continue to disclose information about the diamond field, as it is known for hiding information from its citizens and is not transparent about politics.
The deposit was discovered by Soviet scientists in the early 1970s. But the Soviet leadership decided not to conduct geological exploration work on the field, but preferred instead to produce synthetic diamonds for use in industry. Until the collapse of the Soviet Union in late 1991, the world was not aware of this deposit. Disclosure of information that the fall of the meteorite gave Russia trillions of carats of diamonds, caused great interest in this discovery.
http://guardianlv.com/2015/03/meteorite-crash-gave-russia-trillions-of-carats-of-diamonds/
Legends say that for more than 3,000 years, India was the only source of diamonds until the deposits of these gems were discovered in South Africa and Brazil. Ironically, India is now importing rough diamonds from diamond-producing countries and diamond mining companies, despite being the world's largest diamond producer. Diamond mining in the country is currently almost non-existent, although their deposits are available - for example, the Bunder project, launched by the multinational mining company Rio Tinto, which is currently suspended. Private diamond miners, such as Vajra Diamonds and several others, are working hard to mine diamonds in areas of India where their deposits are located.
The mines of Panna are located within the Panna area of Madhya Pradesh in the north of India. Diamond mines in the Panna area are managed by the Diamond Mining Project of the National Mineral Development Corporation (NMDC Ltd), an enterprise owned by the Government of India. NMDC is the only diamond producer in the country owned by the Government of India, at the Majhgawan mine in the Panna area, Madhya Pradesh. But for various reasons, work on mining in the Panna area has recently been suspended.
Panna's group, as it is known locally, consists of a large group of diamond deposits, stretching about 240 km to the northeast on the spurs of the Windhis mountains. They cover an area of about 20 acres (81,000 m2). Large quarries with a diameter of 7.6 m and, probably, 9.1 m deep were dug in order to reach the diamond conglomerate.
Previously conducted exploration work in the Panna area, according to reports, did not show the presence of deposits containing high-quality diamonds. The most productive deposits were in the 1860s, and they were discovered in the town of Sakaria about 32 km from the Panna area. Diamonds Pannas are classified into 4 varieties: Motichul (Motichul) - transparent and sparkling; Manik - with a weak orange tint; Panna - with a greenish tinge; And Bunsput - a brownish hue. It is rumored that in other fields the state agency leases land annually to promising diamond miners. All mined diamonds enter the district magistrate of the Panna district and are then auctioned. There are huge amounts of diamonds of different weight and hue, and auctions are open to people with a deposit of about US $ 100.
The trip to Panna will lead to those parts of the city that are rich in diamond sites. These deposits are found on a section of the 80-kilometer strip, starting from the northeastern part of the town of Paharikhera to the south-western part of the town of Majhgavan, extending for a width of about 30 km. Similarly to the Australian method, here diamonds are also in the tube, folded olivine lamproites. There can be different kinds of diamonds, from 13 carats to 6 carats per thousand hectares. Currently, the zone where diamonds are mined is under government control and is carefully guarded.
Panna's mines in Majhgavan are the largest mechanized diamond mines in Asia, and their diamonds are second only to diamonds mined in South African mines. NMDC, the only organized diamond producer in the country, began its mining operations at Panna's diamond mines in 1968, and since then it has extracted a large number of diamonds from its quarries. But in 2011, the NMDC corporation, a state-run mining giant, grew rich by mining a 37.68-carat diamond from the ground, which was the largest (a white octagonal-quality white diamond) made of precious stones that had ever been mined on diamond Mines in the Panna area. Before that, a large diamond from the mines of Panna was obtained in June 2010, when a 34.37-carat diamond was discovered.
Mining, closed in the Panna area in 2005 due to a lack of permission for deforestation and permits from the neighboring Panna National Park, was resumed in August 2009 after obtaining a conditional authorization from the Supreme Court. It so coincided that Panna Park is also the habitat of tigers; It is estimated that the diamond reserves in the mines of Panna are 1.2 million carats.
In October 2014, the environmental impact monitoring team required NMDC to close the diamond mines in Panna by 2016 to save the tigers. But the management proved that these claims were untenable, saying that the tigers actually left the Panna area when the mining developments were closed and they charged that the actions were being carried out with intent in the personal interest.
Between August 2005 and June 2009, NMDC mines were closed around the Pannah Tiger Reserve. Officials from the National Tiger Conservation Authority (NTCA) said that the reserve recorded a "zero" number of tigers in 2009, when no mining was conducted. Now Panna is home to 25 tigers after a successful resettlement program. "How can someone think that diamond mines are disturbing tigers when big cats disappeared only after the closure of our mines," said an official representative of NMDC. The corporation is going to file a petition to review the decision on the closure.
http://rough-polished.com/ru/expertise/97363.html
The mines of Panna are located within the Panna area of Madhya Pradesh in the north of India. Diamond mines in the Panna area are managed by the Diamond Mining Project of the National Mineral Development Corporation (NMDC Ltd), an enterprise owned by the Government of India. NMDC is the only diamond producer in the country owned by the Government of India, at the Majhgawan mine in the Panna area, Madhya Pradesh. But for various reasons, work on mining in the Panna area has recently been suspended.
Panna's group, as it is known locally, consists of a large group of diamond deposits, stretching about 240 km to the northeast on the spurs of the Windhis mountains. They cover an area of about 20 acres (81,000 m2). Large quarries with a diameter of 7.6 m and, probably, 9.1 m deep were dug in order to reach the diamond conglomerate.
Previously conducted exploration work in the Panna area, according to reports, did not show the presence of deposits containing high-quality diamonds. The most productive deposits were in the 1860s, and they were discovered in the town of Sakaria about 32 km from the Panna area. Diamonds Pannas are classified into 4 varieties: Motichul (Motichul) - transparent and sparkling; Manik - with a weak orange tint; Panna - with a greenish tinge; And Bunsput - a brownish hue. It is rumored that in other fields the state agency leases land annually to promising diamond miners. All mined diamonds enter the district magistrate of the Panna district and are then auctioned. There are huge amounts of diamonds of different weight and hue, and auctions are open to people with a deposit of about US $ 100.
The trip to Panna will lead to those parts of the city that are rich in diamond sites. These deposits are found on a section of the 80-kilometer strip, starting from the northeastern part of the town of Paharikhera to the south-western part of the town of Majhgavan, extending for a width of about 30 km. Similarly to the Australian method, here diamonds are also in the tube, folded olivine lamproites. There can be different kinds of diamonds, from 13 carats to 6 carats per thousand hectares. Currently, the zone where diamonds are mined is under government control and is carefully guarded.
Panna's mines in Majhgavan are the largest mechanized diamond mines in Asia, and their diamonds are second only to diamonds mined in South African mines. NMDC, the only organized diamond producer in the country, began its mining operations at Panna's diamond mines in 1968, and since then it has extracted a large number of diamonds from its quarries. But in 2011, the NMDC corporation, a state-run mining giant, grew rich by mining a 37.68-carat diamond from the ground, which was the largest (a white octagonal-quality white diamond) made of precious stones that had ever been mined on diamond Mines in the Panna area. Before that, a large diamond from the mines of Panna was obtained in June 2010, when a 34.37-carat diamond was discovered.
Mining, closed in the Panna area in 2005 due to a lack of permission for deforestation and permits from the neighboring Panna National Park, was resumed in August 2009 after obtaining a conditional authorization from the Supreme Court. It so coincided that Panna Park is also the habitat of tigers; It is estimated that the diamond reserves in the mines of Panna are 1.2 million carats.
In October 2014, the environmental impact monitoring team required NMDC to close the diamond mines in Panna by 2016 to save the tigers. But the management proved that these claims were untenable, saying that the tigers actually left the Panna area when the mining developments were closed and they charged that the actions were being carried out with intent in the personal interest.
Between August 2005 and June 2009, NMDC mines were closed around the Pannah Tiger Reserve. Officials from the National Tiger Conservation Authority (NTCA) said that the reserve recorded a "zero" number of tigers in 2009, when no mining was conducted. Now Panna is home to 25 tigers after a successful resettlement program. "How can someone think that diamond mines are disturbing tigers when big cats disappeared only after the closure of our mines," said an official representative of NMDC. The corporation is going to file a petition to review the decision on the closure.
http://rough-polished.com/ru/expertise/97363.html
The middle part of the diamond pipeline - can play a key role in vertical integration
Our fragmented industry has started to restructure. Although our sector is gradually growing, our diamond pipeline is gradually shrinking. Vertical integration has begun, and mining companies are moving towards the sale of products and retail, and vice versa.
Perhaps it is not a mere coincidence that this trend is observed at the same time that De Beers is gradually losing its market share - from 80% of the rough market in the 1990s to 35% at present - and are losing their role in the As an industry leader.
Such a loss of leadership, for example, in promoting brand-name branding of diamonds to maintain consumer demand or in the management of diamond and diamond shipments, meant that thousands of diamond-diamond companies had to deal with their own destiny from the beginning of the 2000s.
I previously described the challenges facing the fragmented diamond and diamond industry, especially in the processing of raw materials and production, and also in sales - and the benefits of greater consolidation to help, for example, in promoting branding of diamonds throughout the industry, in strengthening financial The company's position and to ensure a better match between the prices of diamonds and diamonds.
We all need to study the question of how best to adapt - through mergers, vertical integration or other types of consolidation, to continue to provide added value to our industry.
Doing business in the usual way is unlikely to be a viable long-term option.
Vertical integration in our industry is proceeding slowly, but the examples that currently exist and taken from other sectors provide some interesting valuable information on how this option can be further considered in the future.
They have shown an invaluable role that will be played by all segments of the value chain, including the companies for processing raw materials and manufacturing products, thanks to their experience in polishing, which is one of the strengths. They also demonstrate the existing variety of integration options that we can consider, and the fact that the initiative can come from companies located in any part of the diamond pipeline.
Companies that sell diamonds are pushing up the diamond pipeline
Jewelry retailers are increasingly trying to get closer to the sources of rough diamonds in order to increase the security of the supply of precious stones and provide consumers with more transparency in the field of tracking. Various ways of moving up the value chain were studied.
Tiffany realized early on the benefits of moving up the value chain and from the beginning of the 2000s, with the help of its subsidiaries, opened diamond factories, provided sightholder status to key diamond producers and invested in the exploitation of the mines. Currently, about 2,500 - or 1 in 5 - of Tiffany employees work in the market of processing raw materials and manufacturing products, which helps to get about 50% of their diamonds.
If Tiffany went through this integration mostly independently, other retailers sought support from experienced and well-proven participants involved in the processing of raw materials and the manufacture of products. Both Chow Tai Fook and Signet Jewelers acquired a diamond company, and Graff established a joint venture with a diamond cutter.
Movement of companies involved in production, further along the diamond pipeline
Both diamond producers and diamond manufacturers have taken steps to approach consumers in order to obtain benefits. There are many examples that point to an approach involving cooperation with participants in the value chain and with companies that are not members of the diamond and diamond industry.
Branded diamonds "Forevermark" by De Beers are cut and polished by selected sightholders and other diamond manufacturers, and its retail network De Beers Diamond Jewelers is created as a joint venture with LVMH.
It is believed that Gem Diamonds holds some of the high quality gemstones it produces to produce diamonds itself or in partnership with other companies for processing raw materials and producing diamonds. Reportedly, the goal is to profit from this processing of diamonds and polished diamonds in the amount of up to 50% of the cost of production by 2017.
Diamond companies do not always show initiative in downward integration. Gitanjali Gems, an Indian jewelery manufacturer, has transformed into a global retailer, beginning in 2006, with the purchase of jewelry-based Samuels and Rogers based in the United States.
Vertical integration in other industries
Attempts by the diamond and diamond industry to create vertical integration resemble those in other sectors.
In the luxury market, many retailers climbed it to gain more control over the supply of materials that are essential to their sales volumes.
Examples include the share of LVMH in one of the world's leading cashmere companies; Investment companies Bulgari, Cartier and other luxury watch brands in the company-manufacturer of spare parts; As well as exclusive partnerships of companies Dior, Chanel, Hermes and other cosmetic manufacturers with companies growing plants.
In the oil industry, participants in the production of raw materials, such as Shell and BP, who initially engaged in prospecting for oil and its extraction, decided to purchase refineries and sales networks.
Companies for processing raw materials and manufacturing products - the middle part of the diamond pipeline - can play a key role in vertical integration
The experience gained in the diamond-diamond industry and in other sectors shows that companies for processing raw materials and production can play an integral role in vertical integration.
Companies involved in both mining and selling diamonds have realized the benefits of working with well-established mid-market diamond companies - processors and manufacturers, including taking advantage of their diamond know-how, their access to financing and their ability to work with broad Assortments of diamonds, which, for example, are likely to be wider than the specific requirements of an individual retailer.
And so, although I used to draw attention to strategic associations as an option for the fact that the processing and manufacturing companies can use to strengthen their position regarding the participants in the production of raw materials and retail, another approach to consideration is the integration with participants in other parts of the value chain .
It seems more meaningful, for example, for diamond producers to work with customers in the processing and manufacturing industries, like those that have integrated with jewelry retailers that can cope with larger volumes, are better funded and can have higher profits as a result of that That they are closer to their consumers.
http://www.ehudlaniado.com/home/index.php/news/entry/join-the-train-or-you-might-miss-it
Perhaps it is not a mere coincidence that this trend is observed at the same time that De Beers is gradually losing its market share - from 80% of the rough market in the 1990s to 35% at present - and are losing their role in the As an industry leader.
Such a loss of leadership, for example, in promoting brand-name branding of diamonds to maintain consumer demand or in the management of diamond and diamond shipments, meant that thousands of diamond-diamond companies had to deal with their own destiny from the beginning of the 2000s.
I previously described the challenges facing the fragmented diamond and diamond industry, especially in the processing of raw materials and production, and also in sales - and the benefits of greater consolidation to help, for example, in promoting branding of diamonds throughout the industry, in strengthening financial The company's position and to ensure a better match between the prices of diamonds and diamonds.
We all need to study the question of how best to adapt - through mergers, vertical integration or other types of consolidation, to continue to provide added value to our industry.
Doing business in the usual way is unlikely to be a viable long-term option.
Vertical integration in our industry is proceeding slowly, but the examples that currently exist and taken from other sectors provide some interesting valuable information on how this option can be further considered in the future.
They have shown an invaluable role that will be played by all segments of the value chain, including the companies for processing raw materials and manufacturing products, thanks to their experience in polishing, which is one of the strengths. They also demonstrate the existing variety of integration options that we can consider, and the fact that the initiative can come from companies located in any part of the diamond pipeline.
Companies that sell diamonds are pushing up the diamond pipeline
Jewelry retailers are increasingly trying to get closer to the sources of rough diamonds in order to increase the security of the supply of precious stones and provide consumers with more transparency in the field of tracking. Various ways of moving up the value chain were studied.
Tiffany realized early on the benefits of moving up the value chain and from the beginning of the 2000s, with the help of its subsidiaries, opened diamond factories, provided sightholder status to key diamond producers and invested in the exploitation of the mines. Currently, about 2,500 - or 1 in 5 - of Tiffany employees work in the market of processing raw materials and manufacturing products, which helps to get about 50% of their diamonds.
If Tiffany went through this integration mostly independently, other retailers sought support from experienced and well-proven participants involved in the processing of raw materials and the manufacture of products. Both Chow Tai Fook and Signet Jewelers acquired a diamond company, and Graff established a joint venture with a diamond cutter.
Movement of companies involved in production, further along the diamond pipeline
Both diamond producers and diamond manufacturers have taken steps to approach consumers in order to obtain benefits. There are many examples that point to an approach involving cooperation with participants in the value chain and with companies that are not members of the diamond and diamond industry.
Branded diamonds "Forevermark" by De Beers are cut and polished by selected sightholders and other diamond manufacturers, and its retail network De Beers Diamond Jewelers is created as a joint venture with LVMH.
It is believed that Gem Diamonds holds some of the high quality gemstones it produces to produce diamonds itself or in partnership with other companies for processing raw materials and producing diamonds. Reportedly, the goal is to profit from this processing of diamonds and polished diamonds in the amount of up to 50% of the cost of production by 2017.
Diamond companies do not always show initiative in downward integration. Gitanjali Gems, an Indian jewelery manufacturer, has transformed into a global retailer, beginning in 2006, with the purchase of jewelry-based Samuels and Rogers based in the United States.
Vertical integration in other industries
Attempts by the diamond and diamond industry to create vertical integration resemble those in other sectors.
In the luxury market, many retailers climbed it to gain more control over the supply of materials that are essential to their sales volumes.
Examples include the share of LVMH in one of the world's leading cashmere companies; Investment companies Bulgari, Cartier and other luxury watch brands in the company-manufacturer of spare parts; As well as exclusive partnerships of companies Dior, Chanel, Hermes and other cosmetic manufacturers with companies growing plants.
In the oil industry, participants in the production of raw materials, such as Shell and BP, who initially engaged in prospecting for oil and its extraction, decided to purchase refineries and sales networks.
Companies for processing raw materials and manufacturing products - the middle part of the diamond pipeline - can play a key role in vertical integration
The experience gained in the diamond-diamond industry and in other sectors shows that companies for processing raw materials and production can play an integral role in vertical integration.
Companies involved in both mining and selling diamonds have realized the benefits of working with well-established mid-market diamond companies - processors and manufacturers, including taking advantage of their diamond know-how, their access to financing and their ability to work with broad Assortments of diamonds, which, for example, are likely to be wider than the specific requirements of an individual retailer.
And so, although I used to draw attention to strategic associations as an option for the fact that the processing and manufacturing companies can use to strengthen their position regarding the participants in the production of raw materials and retail, another approach to consideration is the integration with participants in other parts of the value chain .
It seems more meaningful, for example, for diamond producers to work with customers in the processing and manufacturing industries, like those that have integrated with jewelry retailers that can cope with larger volumes, are better funded and can have higher profits as a result of that That they are closer to their consumers.
http://www.ehudlaniado.com/home/index.php/news/entry/join-the-train-or-you-might-miss-it
Currently, it is encouraging that the people of this third millennium are getting married
The completed exhibition JCK Las Vegas corresponded to low expectations in the trade in diamonds. The suppliers of diamonds were convinced of the strength and stability of the United States market, even if sales volumes were small and buyers insisted on more discounts.
For this reason, confidence has grown, and the exhibition can be considered successful. Unlike the March Hong Kong exhibition, which showed a continuing weakening of the Far East market, diamond dealers and jewelers left Las Vegas in a relatively positive mood, having done some business.
And again, Las Vegas is very different from other international exhibitions. For the diamond industry, this is a smaller market than in Hong Kong, where there is more trade at each stand. On the contrary, Las Vegas provides an opportunity to meet with old acquaintances and to establish potential new acquaintances - whether it is on the stand, numerous events for informal communication, or at the table for games - and get information about what is happening in the market.
Our conversations in the diamond pavilion confirmed the trends that we noted in the last few months. If you have a good product, then you will be able to sell inventory at sustainable prices. Demand is specific and good on fine cut stones, triple EX diamonds, and there is a deficit in these categories, and in the United States there is a steady demand for "piqué" products. On the other hand, there are many low-quality diamond stocks in the market, despite the fact that production levels have declined in the last six months.
Suppliers hold much of the old stock and refrain from offering fresh goods to the market until demand increases, which many expect in the fourth quarter. Manufacturers seem to be waiting for September - another milestone for determining the strength of the market, both from the point of view of the September Hong Kong exhibition and their preparations for the festive season in the United States.
It seems that buyers are also waiting for a favorable moment. A number of suppliers told Rapaport News that there was a great interest in products at the exhibition, but they did not buy much. Buyers received information and left, probably referring to the client. For this reason, probably the most important thing for an exhibition in Las Vegas is tracking the situation after the exhibition. One should always be present at the exhibition to benefit from the constant demand for diamonds in the United States.
The same trends were noted in the pavilions of finished jewelry and other shows held in Vegas last week. The Couture exposition show was in a good mood, and the market for high-priced jewelry in the US is stable, although this year the JCK Luxury was somewhat sluggish. Some noted that total sales fell in the segment of expensive products, but expensive goods were sold and increased sales, reaching levels higher than last year.
First of all, high prices refer to unique products. Perhaps, for this reason, the Antique exposition was very good, and steady sales and attendance were noted, and demand for branded jewelry from private collections was also increasing. In fact, all jewelers, without exception, tried to present something different from others in order to provoke interest in their products.
After all, the mindset of the American consumer is changing, as the generation of the third millennium came to replace the generation "X" and the post-war generation, and it became the key demographic group in the market. The market of jewelry and islets of trade in diamonds seems to understand that for people of the third millennium they need to create a different design, in another way to carry out marketing and sell. But conversations and seminars at the JCK show that the industry is still learning to adapt to these changing needs.
Perhaps there is still a transition period for the diamond industry, when it seeks to preserve the diamond dream, as Stephen Lussier, CEO of Forevermark said at a breakfast hosted by Rapaport, said on Sunday at the exhibition. In this column, these and other issues raised at the conferences organized by Rapaport will be discussed in the coming weeks, as well as some topics related to the generation of the third millennium.
Currently, it is encouraging that the people of this third millennium are getting married, the US wedding jewelry market remains an important driving force for the growth of the diamond and jewelry industry.
The analysis conducted by The Knot, an information site that focuses on the consumer, showed that in the past two years, the cost of diamond wedding jewelry has risen.
A survey conducted among brides and grooms, with an annual income of $ 65,000 to $ 81,000, showed that the average cost of a diamond engagement ring rose to $ 6,071 in 2015 from $ 5,258 spent in the group that was surveyed in 2013. The brides spent a little less on jewelry for the wedding, an average of $ 408, but more on jewelry gifts to their bridesmaids, an average of $ 105.
Although people of the third millennium are more interested in electronics and other luxury goods, rather than fashionable jewelry, the market of wedding jewelry remains the main support of the industry. Most of the brainstorming that took place in Vegas was focused on how to improve the retail experience.
http://www.diamonds.net/News/NewsItem.aspx?ArticleID=52489&ArticleTitle=Raising%2bthe%2bMood%2bin%2bVegas
For this reason, confidence has grown, and the exhibition can be considered successful. Unlike the March Hong Kong exhibition, which showed a continuing weakening of the Far East market, diamond dealers and jewelers left Las Vegas in a relatively positive mood, having done some business.
And again, Las Vegas is very different from other international exhibitions. For the diamond industry, this is a smaller market than in Hong Kong, where there is more trade at each stand. On the contrary, Las Vegas provides an opportunity to meet with old acquaintances and to establish potential new acquaintances - whether it is on the stand, numerous events for informal communication, or at the table for games - and get information about what is happening in the market.
Our conversations in the diamond pavilion confirmed the trends that we noted in the last few months. If you have a good product, then you will be able to sell inventory at sustainable prices. Demand is specific and good on fine cut stones, triple EX diamonds, and there is a deficit in these categories, and in the United States there is a steady demand for "piqué" products. On the other hand, there are many low-quality diamond stocks in the market, despite the fact that production levels have declined in the last six months.
Suppliers hold much of the old stock and refrain from offering fresh goods to the market until demand increases, which many expect in the fourth quarter. Manufacturers seem to be waiting for September - another milestone for determining the strength of the market, both from the point of view of the September Hong Kong exhibition and their preparations for the festive season in the United States.
It seems that buyers are also waiting for a favorable moment. A number of suppliers told Rapaport News that there was a great interest in products at the exhibition, but they did not buy much. Buyers received information and left, probably referring to the client. For this reason, probably the most important thing for an exhibition in Las Vegas is tracking the situation after the exhibition. One should always be present at the exhibition to benefit from the constant demand for diamonds in the United States.
The same trends were noted in the pavilions of finished jewelry and other shows held in Vegas last week. The Couture exposition show was in a good mood, and the market for high-priced jewelry in the US is stable, although this year the JCK Luxury was somewhat sluggish. Some noted that total sales fell in the segment of expensive products, but expensive goods were sold and increased sales, reaching levels higher than last year.
First of all, high prices refer to unique products. Perhaps, for this reason, the Antique exposition was very good, and steady sales and attendance were noted, and demand for branded jewelry from private collections was also increasing. In fact, all jewelers, without exception, tried to present something different from others in order to provoke interest in their products.
After all, the mindset of the American consumer is changing, as the generation of the third millennium came to replace the generation "X" and the post-war generation, and it became the key demographic group in the market. The market of jewelry and islets of trade in diamonds seems to understand that for people of the third millennium they need to create a different design, in another way to carry out marketing and sell. But conversations and seminars at the JCK show that the industry is still learning to adapt to these changing needs.
Perhaps there is still a transition period for the diamond industry, when it seeks to preserve the diamond dream, as Stephen Lussier, CEO of Forevermark said at a breakfast hosted by Rapaport, said on Sunday at the exhibition. In this column, these and other issues raised at the conferences organized by Rapaport will be discussed in the coming weeks, as well as some topics related to the generation of the third millennium.
Currently, it is encouraging that the people of this third millennium are getting married, the US wedding jewelry market remains an important driving force for the growth of the diamond and jewelry industry.
The analysis conducted by The Knot, an information site that focuses on the consumer, showed that in the past two years, the cost of diamond wedding jewelry has risen.
A survey conducted among brides and grooms, with an annual income of $ 65,000 to $ 81,000, showed that the average cost of a diamond engagement ring rose to $ 6,071 in 2015 from $ 5,258 spent in the group that was surveyed in 2013. The brides spent a little less on jewelry for the wedding, an average of $ 408, but more on jewelry gifts to their bridesmaids, an average of $ 105.
Although people of the third millennium are more interested in electronics and other luxury goods, rather than fashionable jewelry, the market of wedding jewelry remains the main support of the industry. Most of the brainstorming that took place in Vegas was focused on how to improve the retail experience.
http://www.diamonds.net/News/NewsItem.aspx?ArticleID=52489&ArticleTitle=Raising%2bthe%2bMood%2bin%2bVegas
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