Hill & Co.’s Post

August Market Insights: While summer months are typically slow for the diamond industry, August surprised us with strong demand for jewelry, particularly in the U.S. The IIJS show in India saw great footfall, adding momentum to the global market. Notably, U.S. engagement sales saw a significant rise, with lab-grown diamonds making up 60% of the market—an exciting shift for the industry. While the Rapaport price saw a reduction, it had little effect on lab-grown diamond jewelry. We've also seen strong demand and price increases for smalls like melees and +11s, driven by jewelry orders. The month has been a testament to the growing strength of lab-grown diamonds. 💎 See you next month for more insights! Arnav Mehta | Achal Mehta #marketinsights #labgrowndiamonds #starblue

What does the high gold price mean for the jewelry industry? Our industry is already facing multiple headwinds, from diamond sanctions to supply chain transformation and from retail consolidation to changing consumer demands. It’s easy to see the high price of gold as another challenge to overcome, but we believe it’s an opportunity. This is a chance to differentiate your brand and products in a competitive market and empower you to communicate the premium nature of your business. You just need the strategy and tools to help you tell that story to your customers who want the aspirational feeling that only gold can provide. How you respond now to the gold price volatility will ensure your future sustainability for years to come. Regardless of where your business lies in the jewelry supply chain, our latest article has something useful for you. You can read ‘The Gold Rush: What do high gold prices mean for the jewelry industry?’ at the link, and hear more from our Principal Consultants Nan Lung Palmer and Andrea Lucille Pooler, GIA GG. Please share it with your networks and let us know your thoughts in the comments below. https://bit.ly/4bfDWJV

A few key insights that will shape #demand in the next years:   💎 There is a growing consumer emphasis on #brand and design in jewelry selections, particularly in the US. The growth of brands is expected to continue driving overall diamond jewelry growth.   💎 #Labgrown diamond supply has rapidly grown over 10x in the past six years, driven by technological innovation, and government support, while wholesale prices declined by over 90%, nearing the marginal cost of production.    💎 Desirability for diamonds remains high but faces #competition with #jewelry and other #discretionary goods. Big differences between geographies exist. In the US, desirability for natural diamonds has increased but remains behind holidays abroad – which remains the most desirable item. In China, gold remains the most desirable, while in India, natural diamonds top the list.

Are you still seeing strong consumer demand for gold jewelry despite record prices? In 2024, the price of gold has been surging, driven by various factors like U.S. interest rates and global conflicts. However, customer demand appears resilient, and gold jewelry is still enjoying its renaissance after falling slightly out of favor. This speaks to the resilience of gold as a luxury product. Recent analysis for our clients at Hill & Co. has shown that many need to expand into more 18k gold and higher-end gold price points if they’re not already. You can find out more in our latest article. The Gold Rush: What do high gold prices mean for the jewelry industry? — Hill & Co. (hillandco.co) I’d love to hear your thoughts on the topic. What is your gold strategy for 2024? See the link to the article in the comments section.

“Exploring the Shifting Landscape of the Global Gems and Jewelry Market by 2028”💍 “The global gems and jewellery market is poised for transformation as evolving trends in consumer behavior, technology, and sustainability redefine the industry. With a projected market size in the trillions, discover key factors driving growth and innovation for 2028 and beyond. 📊💍 From rising demand for ethical sourcing to digital innovations, the future of jewelry looks brighter than ever. According to the research report, "Global Gems & Jewelry Market Outlook, 2028" published by Bonafide Research, the market is expected to cross USD 460 Billion market size, increasing from USD 316.51 Billion in 2022. Check out the link 🔗 : https://lnkd.in/d_G5_sCB #JewelryIndustry #GlobalMarket #GemsAndJewelry2028 #LuxuryInnovation #SustainableLuxury” #bonafide #reports #research #trends #share #challenges #marketdrives

Amidst challenges like diamond sanctions and evolving consumer preferences, the jewelry industry now faces another potential hurdle: soaring gold prices. However, we view this as an opportunity rather than a setback. This is a chance to differentiate your brand and products in a competitive market and empower you to communicate the premium nature of your business. You just need the strategy and tools to help you tell that story to your customers who want the aspirational feeling that only gold can provide. Your response to gold price fluctuations today will shape your business's sustainability tomorrow. Explore our latest article, "The Gold Rush: What High Prices Mean for Jewelry," today and share your thoughts in the comments below. https://bit.ly/4bfDWJV #Gold #Prices #Jewelry

The Jewelry Market was at US$ 340.69 Billion in 2022 and is growing to approx US$ 488.21 Billion by 2030, with a CAGR growth of 4.6% between 2022 and 2030. #fabrikant #jewelrymarket #jewelry #cmi #custommarketinsights

In July, natural diamond prices experienced a significant decline, with the RapNet Diamond Index showing a substantial drop. The 1-carat diamonds saw the largest monthly decline since December 2008, falling by 7.3%. Other categories also faced decreases, such as 0.30-carat down 8.9% and 0.50-carat down 7.9%. Prices for 1-carat, D to H, SI diamonds decreased by 3.2%, indicating a milder decline reflecting ongoing US demand. Indian manufacturers adjusted production to match current demand, with rough diamond demand remaining weak. Luxury brands reduced diamond purchases, impacting high-end goods. LVMH reported a 5% decline in jewelry and watch sales in the first half of 2024, with Tiffany & Co. affected by slow US bridal demand. Sales in China were weak due to economic conditions and shifting consumer preferences. Affluent consumers favored spending abroad over domestic diamond investments. #diamondprices #rapaport

Moissanite Jewellery Market Size,Trend, Identify Business Growth and Emerging Trends[2032] https://lnkd.in/eqdd9MEV #marketanalysis #marketresearch #marketresearchreports #businessintelligence

Brazil Jewelry Market Size, Share, Demand, Report, Forecast 2024-2032 https://lnkd.in/eH_zJFR2 #marketanalysis #marketresearch #marketresearchreports #businessintelligence