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De Beers couple
Millennials and Gen Z Dominate Diamond Demand
The surge in the size of the millennial and Generation Z agegroups has created key opportunities for the diamond industry, De Beers saidThursday in its 2018 Diamond Insight Report. Those two brackets accounted for two-thirds...
Marketing Sep 13, 2018 Rapaport News
De Beers
Forevermark Unveils New Concept Store in China
Forevermark has launched a concept store in Shanghai tailored to millennial shopping habits, marking its 1,000th branch in China. The opening of the store, named Libert’aime, also celebrates the brand’s 10th anniversary of entering the country....
Retail May 23, 2018 Rapaport News
Jewelry Prices
New Campaign Highlights Manufacturers
Manufacturing Jewelers & Suppliers of America (MJSA) haslaunched a social-media marketing drive aimed at increasing millennials’ interest in the jewelry industry, the trade alliance said Tuesday.The Jewelers Do It Better campaign strives to raiseawareness and interest in various...
Polished Markets Jan 17, 2018 Rapaport News
Cyber Monday
Mobile-Savvy Millennials Drive Cyber Monday Jump
Cyber Monday sales rose to record levels this year, with millennial consumers driving growth through transactions on their mobile devices, according to Adobe Digital Insights. Sales rose 17% to $6.59 billion as at 10 p.m. EST on the...
Retail Nov 30, 2017 Rapaport News
Opinion: Multifaceted Millennials
The future of our industry will depend on our success in enrolling the largest living generation: the millennials. Millennials are, in fact, one of the largest generations in history, and they are about to enter their spending...
Retail Nov 16, 2017 Sally Morrison
Millennial woman laptop online
Millennials Prefer Offline Shopping
More than half of millennials make most of theirpurchases in physical stores, but young consumers are browsing the internet forinformation before closing the deal, according to a new survey.Some 53% of the generation shops mainly offline,according...
Retail Jun 20, 2017 Rapaport News
JCK Floor
5 Takeaways from Las Vegas
The Las Vegas jewelry show season injected some confidence back into the diamond trade, despite a drop in attendance. Beyond the trading prospects for buyers and suppliers, last week’s shows provided a snapshot...
Polished Markets Jun 15, 2017 Avi Krawitz
Forevermark De Beers diamond choke necklace
De Beers: Women Self-Purchasing More Diamonds
Millennials are increasingly buying diamond jewelry forthemselves, helping drive retail sales in the US to record levels, according toresearch by De Beers.Sales of bridal jewelry have been stable in markets wherethere is a tradition of giving engagement rings, but other...
Retail Jun 04, 2017 Rapaport News
Bringing Diamonds to a New Generation
The Diamond Producers Association (DPA) has the mammoth task of changing the diamond narrative, according to Jean-Marc Lieberherr, the organization’s chief executive officer.Initially, at least, that mission extends to how the diamond industry engages...
Retail Mar 14, 2017 Avi Krawitz
Bruce Cleaver De Beers
Forevermark Holiday Sales Outperform Rest of Trade
Forevermark diamond sales in the U.S. jumped 6.4 percent duringthe holiday season as product launches and focused marketing campaigns paid off,De Beers chief executive officer Bruce Cleaver said.Sales of the De Beers-owned brand added...
Retail Jan 19, 2017 Rapaport News
Rough Diamonds
Bain Warns of Looming Rough Bubble
Strong growth in rough diamond sales this year may lead to arepeat of last year’s damaging inventory pile-up if consumer demand does notimprove, Bain & Company warned.Rough sales grew 20 percent in the first half of this...
Rough Markets Dec 06, 2016 Rapaport News
Nancy Wong - Luk Fook
Luk Fook Adapts Strategy to Restore Growth
Luk Fook, like many of its peers in the region, continues to report double-digit sales declines as it navigates China's economic slowdown and ensuing drop in tourism to Hong Kong. With its interim results published November 24,...
Retail Nov 24, 2016 Avi Krawitz
Kent Wong
Bringing Personalized Jewelry to the Mass Market
Chow Tai Fook continues to endure declining sales as a slowdown in China, especially in Hong Kong, shows little sign of abating. Kent Wong, the company’s managing director (pictured above, courtesy), spoke with Rapaport News outlining...
Retail Nov 10, 2016 Avi Krawitz
Bruce Cleaver De Beers
De Beers Maintains Caution for Next Year
De Beers has kept a cautious outlook for the coming year after its Diamond Insight Report signaled the diamond jewelry market contracted last year. The company, however, sees untapped opportunity in millennials. “The...
Rough Markets Sep 15, 2016 Rapaport News
CIBJO Panel to Discuss Marketing to Millennials
The World Jewellery Confederation (CIBJO) and Fiera diVicenza will hold a seminar on marketing to millennials at the VICENZAORO showin Italy in September.Speakers at the panel discussion will include Jean-MarcLieberherr, chief executive of the Diamond Producers Association;...
Marketing Aug 31, 2016 Rapaport News
IGI Launches Radio Ad Campaign
TheInternational Gemological Institute (IGI) will target millennials in a seriesof radio commercials on the importance of reliable diamond reports.Theadvertisements will feature in five radio spots in select markets fromSeptember 6 to the end of the year on iHeartMedia, which reaches...
Marketing Aug 30, 2016 Rapaport News
vow wow 2
Millennials’ Desire for Diamond Gifts Still Strong: DPA Survey
Millennials are almost twice as likely as non-millennials tohave bought diamond jewelry as a holiday gift, according to a survey carriedout by the Diamond Producers Association (DPA).More than a quarter of men gave diamond jewelry to their wifeor girlfriend last...
Retail Dec 25, 2015 Rapaport News
Groupon to Offer Steepest Jewelry Discounts on Black Friday: WalletHub
Grouponwill offer the steepest discounts on jewelry products out of 30 major U.S. retailers on BlackFriday, according to WalletHub.Thee-commerce group will slash jewelry prices by 85 percent on average, which ismore than at Meijer (80 percent), Stage (77 percent),...
Retail Nov 19, 2015 Rapaport News
Hearts On Fire Promotes CMO to President
Diamond brand Hearts On Fire (HOF) announced that two current executive team members will move immediately into new, expanded roles. Caryl Capeci, is now president, from chief marketing officer. Tom Carlo has...
Retail Oct 20, 2015 Rapaport News
Campaign Seeks to Set Millennials' "Hearts On Fire"
Hearts On Fire, a high-end diamond brand, began on Tuesday a multi-phase global marketing campaign to target millennials who are entering the nuptial age. Starting in September, the Ignite Something campaign will feature in fashion and bridal...
Marketing Aug 12, 2015 Rapaport News
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