I’ve been thinking about what the diamond industry can expect in 2025. And my analysis has two phases.
Antwerp's Facets conference outlined many of the key issues facing and shaping the diamond industry today...
From the beginning, I was skeptical about Signet Jewelers’ expectation that a spike in engagements was imminent in 2024...
There’s a semi-amusing trend on Tik Tok in which a group of friends stand in a circle and each gets a chance to act out the phrase “just give me my money.”
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The diamond industry begins 2025 slightly more optimistic, but with much uncertainty still clouding its outlook. In my latest video, I outline the stories which shaped the industry in 2024 to gain an understanding of what to expect in the year to come.
Breaking News
Jewelry ranked among the top performers during the holiday season, according to Mastercard SpendingPulse. Sales rose 4% year on year during the period November 1 to December 24, it reported. The category outperformed the general market as overall retail sales grew 3.8% for the season.
The Conference Board said its Consumer Confidence Index fell 8.1 points in December. Politics, including the November election results, was among the factors influencing the drop, while more consumers also expect tariffs to raise the cost of living, the Conference Board said.
Vipul Shah, chairman of the Gem & Jewellery Export Promotion Council (GJEPC) appealed to India’s finance minister Nirmala Sitharaman to support the co-funding of global diamond promotion campaigns. The GJEPC was among the trade bodies which pledged to contribute to the budget of the Natural Diamond Council (NDC).
Angola had record production of around 12 million carats for the year through November, the Ministry of Mineral Resources, Petroleum and Gas said on its Facebook page. Angola is considered the most prospective country for the discovery of new mines and is reforming its sales channels and establishing a diamond exchange.
