Evidently, the diamond industry’s mood depends now on the next trade event. With the Chinese New Year and Valentine’s Day behind us, the focus now shifts to the upcoming Hong Kong and Basel trade shows.
The previous article highlighted the importance of irregularities and how they impact the value of a diamond. Irregularities, together with carat, clarity and color, are the basic components that determine a diamond’s value.
In last week’s Market Update, it was suggested, “It’s never a good sign when ‘slow’ becomes a buzzword.” Is it any better when the buzzword is “confusion”?
I have what I like to call a philosophy about diamonds and I’ve named it the Crystal Clear philosophy. At the heart of Crystal Clear lies a deep conviction that what today’s diamond buying public most needs is clarity about what they are buying and what they are paying for, when purchasing diamonds.
It’s never a good sign when ‘slow’ becomes a buzzword. But the past few weeks in the global diamond trade have been undeniably slow – ranging from the business to business trade of polished diamonds, to orders from retailers, overall consumer demand and even the pace at which manufacturers are transforming rough diamonds into polished stones.