The Gem Lab’s Post

How to Ensure You Get the Best Diamond Prices When Buying in Bulk? For jewelry business owners procuring diamonds in bulk at wholesale prices proves to be a cost-effective and convenient solution. But how can one maximize the value of bulk diamond purchase deals with zero compromises to diamond quality? Discover insider secrets to securing top-quality diamonds while reaping the benefits of bulk buying in our article below. Check the link for the entire blog: https://buff.ly/4c5tlSY For Retailer Inquiries, call Jeff Strang: +1 (718) 650 8665 For Wholesaler Inquiries, call Vishal Patel: +1 (205) 334 3520 #LiquidDiamonds #BulkDiamonds #WholesaleDiamondPrices #HighQualityDiamonds

DIAMOND JEWELLERY AT WHOLESALE PRICE

My latest jewelry industry column in the MJSA Journal October issue providing a broad overview of the overall U.S. retail market sales and key economic indicators. Also, a snapshot of the jewelry industry and jewelry stores sales results, the diamond industry headwinds, and what's ahead.

Despite a strong holiday season, the US fine jewelry and diamond retail sector saw a 4.9% revenue decline in January, attributed to reduced loose diamond sales. Edahn Golan provides insights into the latest market trends #diamondnews #diamonds #diamondsales #diamondmarket #diamondanalysis #diamondinsights #diamondjewelry #jewelrysales #jewellerysales

"The Price benefit of buying loose diamonds Wholesale" The process described above, what loose #diamonds go through after being cut, is where the value-add takes place in the #diamond #world. The cutter creates #jewelry #quality #loose diamonds from the rough, so when he sells his goods he increases the price to be rewarded for his value add. The same goes for the #retail #shop at the end: they display #finished jewelry pieces for you to pick and wear immediately, in a #glamorous shop on a fancy street promoted with glossy ads – and that’s what allows them to increase the price. #Buying loose diamonds cuts away through all the unnecessary costs and allows you to buy diamonds at 50-70% less than retail prices. The more middle men you cut out the process, the more savings you pass on to yourself. For More Details, Contact us. Call & Whatsapp: +91 7003168572 Email: [email protected] Official Whatsapp Link: https://lnkd.in/g4UgktJM

Diamond Price Update March 2024 Obsessing about short term fluctuations in diamond prices is more the the domain of diamond traders. Nevertheless, it is worth having a sense of valuations and general trends, especially when considering making a purchase of a premium grade diamond for an item of high jewellery. As can be gleaned from the the price chart to March 2024, the acute drop in wholesale prices between November 2022 and Autumn 2023 across most diamond carat weights would appear to have found a floor, with values of smaller size stones enjoying a material spike in the first quarter. Although not shown in the graph, declines in premium grade lab grown diamonds have also shown signs of stabilisation. Of course three months does not represent a reliable trend, but if values should stabilise or gently move higher in the coming months, this would speak to a resumption in the much longer term positive direction of travel.

Tiffany & Co. US Watch and Jewelry Sales Continue to Slow in May The growth in US watch and jewelry sales continued to slow in May, marking the third consecutive month of deceleration, according to the latest year-on-year estimates by the US Department of Commerce quoted by IDEX Online. Sales are still increasing, primarily among multi-line retailers rather than specialty jewelers, but the rate of growth is diminishing. May sales were up by 1.4% compared to the same month in 2023, reflecting ongoing tough trading conditions with little sign of improvement. This follows a 2.7% increase in April, a 4.5% rise in March, and a 5.0% increase in February. According to the Department of Commerce, jewelry sales in the US rose by 1.5% in May (compared to 2.7% in April). Watch sales increased by 0.9% in May (compared to 2.6% in April), averaging a 1.4% increase.

The moment you drop below your quality benchmark… You may as well stop trading. Right now, everything is about the lowest price in the jewellery wholesale market which gives the suppliers a dilemma. ▪️ Should we take the hit and reduce our prices in consideration of the current climate? ▪️ Should we stand firm and ride out the storm knowing it will level out at some point? ▪️ Should we reduce the quality of our products so we don’t take the margin hit? It is a dilemma that is currently facing countless suppliers as they look to carve out innovative ways to ride out a flat spell in the luxury jewellery market. Points one and two ensure integrity remains intact however both have risks because if you lower your pricing and keep quality the same, you are setting up a standard for future orders. Point three, however, comes with a whole host of problems that you may never recover from, which is why we would always recommend against it. The benefit of having well-established partnerships in place is that you can always navigate these challenging times in a way that offers value to both sides. But the moment you lower the standards you’ve been renowned for… Trouble will always follow.

Jewellery retailer and watchmaker Titan reported a 5.42% decline in its consolidated net profit to Rs 715 crore for the quarter ended on June 2024. However, its sales were up 12.64 per cent to Rs 12,223 crore during the quarter. Click on the link below to know more... Titan Company Limited I C K Venkataraman I Suparna Mitra #titan #jewellery #tanishq #titaneye #watchmaker #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailindia #retailsectornews #retailresults #retailtrends #retailbusiness #ir #IndiaRetailing

ICRA expects the domestic gold jewellery industry to maintain its growth momentum in FY2025, with consumption in value terms projected to grow by 14-18% year-on-year. Click on the link below to know more...... #retailnews #retailtrrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing