Luxury Jewelry Is Booming. So Why Are Diamond Mines Closing?
- 17 hours ago
- 1 min read
Is the diamond and jewelry market in recovery?
In Episode 5 of The Diamond Dudes podcast, Rob Bates, Edahn Golan, and I explore some of the diamond industry's most pressing issues, including signs of an upturn in jewelry demand, the growing divide between luxury and commercial markets, the closure of major diamond mines, and the continued impact of synthetic diamonds.
The discussion highlighted strong jewelry sales at the major luxury houses and improving performance among Hong Kong jewelers, while noting that demand remains concentrated in higher-value products.
The Dudes also examined De Beers' decision to suspend operations at its Venetia mine, debated whether the industry underestimated the rise of synthetic diamonds, and argued that the broader jewelry trade has much to learn from the marketing strategies of leading luxury brands.
Watch the full episode above.
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