Mere weeks ago, Bain and the Antwerp World Diamond Center (AWDC) issued their annual “Global Diamond Industry” report, recounting the diamond jewelry industry’s “brilliant recovery” from the pandemic downturn. Covering the entire diamond value chain from production to consumer sales, it reported, “In 2021, revenue increased 62% [year-over-year] in the diamond mining segment, 55% for […]
Archive | Jewelry
RSS feed for this sectionPearls Are Riding a Wave of Renewed Popularity
For too long, pearl jewelry has been an afterthought for jewelers, a category of a few necklace strands and earrings they felt compelled to carry, but nothing to get excited about. That is starting to change. Pearls are having their fashion moment, spurred on by designers like Dolce and Gabbana, Prada, Givenchy, Dior, Versace, Miu […]
Lab-Grown Diamond Jewelry Is Poised for Explosive Growth
2022 will be the year of the wedding. According to The Wedding Report, some 2.5 million couples will tie the knot next year, following a two-year lull when only 1.3 married in 2020 and 1.9 million in 2021. That will break a previous record for marriages set in 1984. Not only will a historic number […]
Diamond Jewelry Sales Are Booming, but Can It Last?
Despite the disruptions from the pandemic, declining marriage rates and the growing availability of lab-grown diamonds as a less expensive but structurally and chemically identical substitute for the natural alternative, the market for natural, mined diamond jewelry has barely skipped a beat. Independent research firm, Edahn Golan Diamond Research & Data reports that overall U.S. […]
Alex and Ani’s Future Looks Even Brighter after Bankruptcy
Last month, Alex and Ani filed a “comprehensive financial and operational restructuring” support agreement with its debt holders and equity sponsors. The first step in the restructuring process was filing Chapter 11 proceedings in Delaware’s bankruptcy court. In announcing the restructuring, the company also said it was looking for a buyer. In the filing, the company […]