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Diamond Industry Organizations: International Colored Gemstone Association

Diamond Industry Organizations: International Colored Gemstone Association

The diamond industry is closely associated with a number of other industries, practically all jewelry oriented. Jewelry is set not only with diamonds, but with additional precious gems as well. Just as diamonds and diamond trading calls for a host of industry organizations, so do gems. Chief among them is the International Colored Gemstone Association (ICA).

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974 Hits

A Valentine’s Day with Little Joy

A Valentine’s Day with Little Joy

Consider the following: diamond jewelry sales are not as good as they used to be. The decent margins wholesalers and retailers used to have on diamonds have shriveled. While luxury sales are growing, diamond jewelry sales are losing market share in the category. Consumers are losing interest in traditional diamond jewelry, opting instead for alternatives such as lab grown. Considering all this, my question to the industry is ‘what are we doing to turn this around?’

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1276 Hits

Diamond Industry Organizations: Jewelers Board of Trade

Diamond Industry Organizations: Jewelers Board of Trade

One of the biggest issues in an industry that deals with high-cost items, is nonpayment by clients. A default can be devastating, if not fatal, to a company that operates with narrow margins. To combat that, a gentleman by the name of J.A. McCloy formed an organization that collects and shares financial information on jewelry companies in 1884. That organization is the Jewelers Board of Trade (JBT).

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808 Hits

Polished Diamond Price Index: Sharp Price Changes – Up and Down

Polished Diamond Price Index: Sharp Price Changes – Up and Down

Prices of smaller goods, one carat and below, completed six months of price increases in January. Larger goods, however, which suffered from price declines late in 2018, continued to decline in January, according to the Mercury Diamond Global Tracker™ (MDGT™). The price changes were just shy of a single point for those that increased in price, while the declines were more dramatic.

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4776 Hits

Diamond Industry Organizations: Jewelers Vigilance Committee

Diamond Industry Organizations: Jewelers Vigilance Committee

The Jewelers Vigilance Committee (JVC) was formed in the US more than 100 years ago to provide education and self-regulation to jewelers and other members of the American jewelry industry. Most importantly, it helps the jewelry industry with legal matters such as compliance.

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1536 Hits

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