News

Advanced Search

Video: Vegas Show Sees Light Traffic

Jun 4, 2019 5:28 AM   By Avi Krawitz
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... The JCK Las Vegas show ended Monday, with participants noting a decline in buyer traffic and exhibitors at this year’s event. Sentiment among diamond suppliers was relatively weak, as buyers were conservative, and overall dealer trading was quiet.

“You can’t come to this show and rely on foot traffic anymore. Neither can you expect to sell big volumes in the loose-diamond section,” explained a Mumbai-based exhibitor who requested anonymity. “It’s not a transactional show. We measure success by our ability to showcase our goods and our brand, and in terms of lead generation.”

Most diamond suppliers viewed the US market in a positive light, and there was good activity in the finished-jewelry section of the show. That this didn’t translate to improved diamond trading reflected an imbalance within the trade and weakness in the midstream, rather than softness in US demand, diamantaires noted.

Buyers were serious but more selective in the goods they were looking for, focusing on nice makes and clean goods within a certain category range. There was steady demand for 0.60- to 1.99-carat, F to J, VS2 to I1 diamonds. Other categories remained weak, with continued declines in prices of 0.30-carat goods, as well as for large stones above 3 carats.

Diamond dealers expressed concern about profitability and the rising popularity of synthetics, with more exhibitors in the lab-grown pavilion of the show. Traceability was another issue on suppliers’ minds, with many focused on showcasing their tech-enabled programs that empower retailers to tell the story of their diamonds in a more effective manner. “After all, our job is to make the jewelers’ lives easier,” concluded another Mumbai-based diamantaire.

Organizers announced that next year’s show will take place from Tuesday, June 2, to Friday, June 5, which excludes a weekend due to the Jewish Shavuot holiday.

Watch Avi Krawitz’s video blog from JCK Las Vegas:




Image: Sands Expo and Convention Center, the venue for the 2019 JCK Las Vegas show. (JCK)
Tags: Avi Krawitz, JCK, JCK Las Vegas, Jewelry, las vegas, mumbai, Polished Diamonds, Rapaport News, shows, trade fairs, Trade Shows
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Aug 15, 2019
Low expectations for Sep. Hong Kong show due to slowdown in Chinese demand and escalation of political
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.