The Global Diamond Broker’s Post

I came across a news link that talks about the prices of natural diamonds collapsing with a spike in the sale of lab-grown diamonds, and being a seasoned professional and monitoring both the trends for a long time, I wanted to share my view. This shift in the market is significant, highlighting how consumer preferences are evolving. Lab-grown diamonds are becoming increasingly popular due to their affordability and ethical appeal, and this is having a substantial impact on the diamond industry. People are drawn to lab-grown diamonds because they see them as a more sustainable, affordable, and environmentally friendly choice. This trend is likely to continue, especially with advancements in technology making lab-grown diamonds even more attractive. For companies in the natural diamond sector, this means there's a pressing need to invest in sustainable and ethical practices and to innovate in how they design and market their products. It's important to see lab-grown diamonds not as competitors, but as complementary to natural diamonds. They offer a sustainable, ethical, and affordable alternative that appeals to a wide range of consumers. The future of the diamond industry is about balance, where both natural and lab-grown diamonds can coexist and cater to diverse consumer needs, ultimately expanding the horizons of the jewelry industry. #DiamondIndustry #LabGrownDiamonds #NaturalDiamonds #SustainableJewelry #EthicalJewelry #JewelryTrends #MarketShift #ConsumerTrends #Innovation #Sustainability #EthicalFashion #JewelryIndustry #DiamondMarket #FutureOfDiamonds #JewelryDesign

At The Global Diamond Broker, our diamonds are essentially always 'on sale'. Why? Unlike traditional retailers who mark up their prices just to mark them down to make it appear like they are doing you some sort of favour or discounting, the fact is most diamond retailers mark up 100%, 200%, some up to 700% and then mark them down to make them look like a sale. And remember... they can say anything they want. ⁣ ⁣ Go get your best sale price wherever you shop for diamonds, show it to us and I will bet you our everyday prices are better than the best sales prices you get offered.⁣ ⁣ The most expensive middleman in the diamond industry is the middleman just before they get to you - it's the retailer. ⁣ ⁣ We're The Global Diamond Broker, these are the world's most beautiful diamonds at prices that defy comparison globally. ⁣ ⁣ 🌎💎🤵♂️👩🏻💼 ⁣ ⁣ ⁣ ⁣ ⁣ ⁣ ⁣ ⁣⁣ ⁣⁣ ⁣⁣⁣⁣⁣⁣⁣⁣ ⁣⁣⁣⁣⁣⁣⁣⁣ ⁣⁣⁣⁣⁣⁣⁣⁣ ⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣⁣ ⁣#diamonds #engagement #engagementring #diamond #naturaldiamonds #finejewelry #diamondeducation #highjewelry #diamondring #labgrowndiamonds #labdiamonds #labgrowndiamond⁣⁣ #funny #ethical #environmental #economical #fancycoloreddiamonds⁣ #luxury #broker #global #GIA #4cs

Are fewer people getting married or are they just not buying diamonds anymore? Diamonds aren’t my area of expertise. However, I am always intrigued with how assets and commodities gain and drop their value. Although De Beers still sells about 10% of the world's rough diamonds, it’s not as influential as it once was. Prices are falling even as some large producers are reducing supply. Will we see a resurgence in diamonds in the next decade, or are they not truly forever as we’ve been told? #DeBeers #diamonds #commodities #consumerspending

Shopping for diamonds this holiday season? Buying diamond jewelry is often a milestone purchase that’s both emotional and special. When shopping for diamonds, it’s important to know what to look for. Tiffany Stevens, the President, CEO and General Counsel of the Jewelers Vigilance Committee, a 106-year-old organization based in New York City that serves the jewelry trade has several tips and recommendations for how to shop for diamonds, worry-free. The JVC’s mission is to protect standards and ethics across the jewelry industry, from mine, to the retail store, to the US consumer. Watch the full video at the link below. https://lnkd.in/exte8gyC

Where is the real value of diamonds? A diamond ring purchased at $4,900 per carat in 2004, is now valued at just $4,200—a 35% decrease when adjusted for inflation. In comparison, a gold necklace bought in 2004 is up 540% in real terms in that period. Over the decades, marketing efforts from De Beers has championed diamonds as symbols of love, but the reality of their investment potential hasn't lived up to their storied allure. The rise of synthetic diamonds, now 15% cheaper and making up 10% of the market, adds to the natural diamond's woes. Moreover, ethical concerns and strict regulations have reduced the supply by 15%, deepening the industry's challenges. Despite these hurdles, there's a glimmer of hope. Historical trends suggest that diamonds might shine again as an investment during high inflation periods, similar to those seen in the late 1970s and after 2008. Additionally, with China embracing the tradition of diamond engagement rings, expanding its market share dramatically, there's potential for a resurgence in demand. Read more via the link in the bio 🔗 #Diamonds #MarketTrends #InvestmentTips #LuxuryGoods #FinancialEducation #WealthManagement #EconomicInsights #Jewellery #InvestmentOpportunities #LuxuryMarket #ConsumerBehavior #GlobalEconomy #hedging #ChinaMarket #investing

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Have we been noticing a profusion of various media articles recently limelighting the recent significant price drops in diamonds? This specific article's content was able to capture my attention.., I chose to share two contrasting opinions within this article: First one: "However, the scale and speed of the pricing collapse of one of the diamond industry’s most important products has left the market reeling. Now, the question is whether the plunging demand for natural diamonds in this category represents a permanent change, and — crucially — if the inroads made by lab-grown gems will eventually spread to the more expensive diamonds ........." & Second one: "There has been a little bit of cannibalization. That has happened, I don’t think we should deny that,” said Paul Rowley, who heads De Beers’ diamond trading business. “We see the real issue as a macroeconomic issue." I wonder..., which of these two opposing opinions fair better with your personal opinions? https://lnkd.in/d7McUMNg

💎 Tip of the Day: Shift Your Focus to Natural Diamonds In 2024, retailers should prioritize training their associates in the art of selling natural diamonds. Understanding the unique selling propositions of natural diamonds and highlighting their rarity is crucial. Showcase natural diamonds first, emphasizing their value, even if customers inquire about lab-grown options. Reserve lab-grown diamonds as a last resort, discreetly kept in the back, and presented only after thoroughly explaining the value of natural diamonds. 💍 #DiamondSales #RetailTips #NaturalDiamonds #MeganTellsAll

It may well be that I am overly sensitive but I would think that there are a lot of misrepresentation in how diamonds are being sold which is not unique to the lab grown diamond category. It may well be that such misrepresentation have been long standing so they are accepted. If you watch the video in its entirety which I did, it seems to suggest LGD are the bad boys. The video does say that there are LGD members on JVC. Yes, buying a diamond is a very expensive exercise but less so with LGD. Also, the video says consumers don’t buy diamonds very often and only a few times in their life times. This is also a dated concept. With more affordable lab growns consumers can buy diamond jewellery more frequently. We need to simplify the decision making process for consumers. Take a look on Blue Nile or James Allen and you need to be a rocket scientist to be able to decide which is the loose stone to buy when they are all priced similarly. And yet the photo images usually have broken hearts and arrows. It is very confusing. Let work on that. We have the same problem in LGD and natural. The cut quality is mostly poor !

Some serious disruption ahead ?