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Russia’s Finance Ministry Agrees to Purchase Alrosa Rough
Gokhran has already bought miner’s first production of the year, according to Interfax.
Why Jewelry Retail Is Struggling to Reverse Its Two-Decade Decline
The aging of the industry, the difficulties of owning a store these days and the lack of new blood are contributing to a systemic decline of independent retail jewelry stores.
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Hot Topic: Lab-Grown Diamonds
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Market Comment - Mar. 28, 2024
Market stable. India trade seasonally quiet ahead of financial year’s end. Round, ten-per-carat, D-F, VVS goods slowing in Indian market.
Diamonds with black center or fluorescence moving at low prices.
Gokhran reportedly agrees to buy rough from Alrosa.
Sanctions-related Antwerp blockages easing, but dealers still concerned about delays. Belgian police arrest four men in probe of Russian diamond imports.
Forevermark to stop supplying loose diamonds and will shift focus to India.
Chow Sang Sang 2023 revenue $3.2B (+22%), profit $129M (+124%) amid HK recovery; China diamond sales weak.
National Retail Federation predicts 2024 US retail sales +2.5% to +3.5%, down from 3.6% in 2023.
Kendra Scott launches synthetic-diamond fashion jewelry priced at $500 to $2,950.