Fintel’s Post

Have retail jewelers reduced their diamond buying as a result of being more efficient in their inventory management or are they simply exerting caution in a weak market environment? Or have their needs changed as different products (aka synthetics) gain in popularity. One thing we know is that the midstream is struggling to sell the volumes they need to maintain stability in the market. They're holding high inventory of polished; hence the dramatic drop in polished prices this year, and the recent decision of the Indian trade to curb rough buying. Either way, September should be busier than it was. How does that shape your expectations for the 4Q holiday season? Check out my recent report published by Rapaport. Thanks to Edahn Golan, of Tenoris, and Sherry Smith, of the Edge Retail Academy, for their comments and important data points.