Los Angeles

Jewelry Sales Plunge due in part to unrest in Hong Kong.  Furthermore, a decline in diamond sales and other luxury items were noted.

It was at this time the Los Angeles Engagement Ring Market truly began to flourish.  Furthermore, the jewelry district became even more popular with the opening of Saint Vincent Jewelry Center, which is still housed in a large 1923 building complex.

Round Diamonds Round diamonds are the most popular diamond shape.  The shape is also known as the round brilliant diamond.  Many diamond consumers today prefer this shape and consider it is considered to be a classic.  Round brilliant diamonds are the most reflective and shiny of diamond shapes.  Collectively, round brilliant diamonds represent the collective talents over many generations of gifted...

Lab Grown Diamonds The technology for  Lab Grown Diamonds is short for chemical vapor deposition.  The process to grow CVD synthetic diamonds has increased significantly over the past few years.   Furthermore, this new technology is responsible for improving synthetic diamond techniques that can produce a high-quality near-colorless synthetic lab grown diamond. These Two samples over 3 carats were found by GIA...

The Pink Star diamond was cut from a rough stone weighing 132.50 carats. After the diamond was cut and polished it weighed in at 59.60 carats. The color grade is a phenomenal strong hue of pink, defined officially as fancy vivid pink.

Diamond dealers have drastically reduced their purchases from diamond cutters which has affected the overall market flow. Diamond dealers also expect that jewelry manufacturers will follow suit and not purchase new inventory for the upcoming holidays. As of July there was little rough diamond cutting and manufacturing coming into the market with plenty of polished available.

Often times jewelry and diamond websites that do exist are neglected, uncompleted, mismanaged or simply abandoned during the construction. This can hurt your brand. Once you make the commitment to go online, the importance of a functioning jewelry website is of the utmost importance.

While few dealers argued that point, manufacturers countered that there not only being squeezed by reduced bank credit, but by rough prices remain high in a declining polished market. DeBeers maintained relatively stable prices at the December site, which closed with an estimated value of $600 million. Rapaport estimates that DeBeers rough sales rose 14% to more than $6.5 billion in 2014, boosted by price appreciation and a stronger than usual second half of the year.

Surprisingly, Canada's production has actually fallen 5 percent to $1.91 billion in 2013, however Canada is still ranked as the third-largest producer of diamonds worldwide. In regards to volume, Canada's production has risen around 1 percent to its peak at 10.565 million carats. Meanwhile, the average price declined 6 percent to $180.52 per carat. Canada is followed by Namibia. Namibia's production has risen 15 percent this year to $1.36 billion from 1.689 million carats as the average price also jumped a heaping 46 percent to $805.24 per carat. This jump was a profound one. Angola is found finishing up the top 5 countries in their production rankings. Angola has production up 15 percent hitting $1.28 billion from 9.36 million carats and an average price that has risen 2 percent to $136.49 per carat.

He makes sure to stress the vast importance of creating a unique niche for yourself or a selling point that will attract and retain buyers in this business. He believes that a strong branding background will aid manufacturers in the market to improve their profits. With clients that are constantly looking for something unique in today's market, companies that lack this distinctive selling point or a unique product will find it more difficult to take their share of the market. "Competition today is much stronger because of the growing technology and internet, and not only in the diamond and jewelry business. Companies that are not looking a few steps to the future will not be in the game," says Siman-Tov. At the close of July, diamond business flat due to the competition in the market. Trading patters in the IDE remained quiet with activity further impacted by the U.S summer vacation. Barmecha notes that although locally the market was a bit more quiet, the overseas orders put in were sufficient enough to spur business.