News

Advanced Search

Martin Rapaport's 'State of the Diamond Industry' Presentation at JCK Vegas

Jun 5, 2013 10:00 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT...


What is the state of the global diamond industry in 2013? During the JCK Vegas show,
Martin Rapaport, the chairman of the Rapaport Group, speaks to hundreds of jewelers, dealers and manufacturers during the annual Rapaport Breakfast at JCK and he warns the trade not to buy overpriced rough diamonds. He also projects global diamond demand and supply, growth markets, consumer trends and economic indicators and he blames Indian government's credit policy and irresponsible banks for overextending credit to the diamond trade resulting in inflated rough prices.

Rapaport also identified significant opportunities for the diamond trade such as how to reach the up-and-coming powerhouse market of the millennial generation, purchasing diamonds and jewelry from the public and the development of investment diamond markets.

Tags: commodities, Consumers, diamond, diamonds, ethical, India, industry, JCK, jewelers, Jewelry, Millennials, Rapaport News, vegas
Similar Articles
LMHC padparadschaGem Group Clarifies Sapphire Color Requirement
Dec 11, 2018
Stones must have a stable color to qualify as padparadscha sapphires, according to a ruling by the Laboratory Manual Harmonisation
Rapaport LogoRapaport Weekly Market Comment
Dec 06, 2018
Market focused on jewelry retail as Christmas approaches. Brands targeting female self-purchasers and enhancing omni-channel platforms
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 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.