Mmegi

Carat courage and the global diamond fightback

Sealing the deal: Retail sales of diamonds appear to be strengthening within the larger pieces, but remain damp in the smaller stones PIC: MBONGENI MGUNI
Sealing the deal: Retail sales of diamonds appear to be strengthening within the larger pieces, but remain damp in the smaller stones PIC: MBONGENI MGUNI

Balancing production with pricing while coordinating a united global marketing and goodwill narrative for natural diamonds’ rebound. It’s a busy period for the shiny stones and those at their helm. MBONGENI MGUNI writes

Tenoris, an independent consultancy and the sole provider of detailed jewellery retail data, has been noting some striking trends in the diamond retail market in the past year. Using sales and purchase activity from 2,500 U.S specialty outlets for its analyses, Tenoris has been seeing that even as natural diamonds soften in terms of overall units sold, the amount consumers are willing to pay per unit is rising.

Consumers are willing to pay more for larger natural diamonds, a fact that underlines the positioning the industry has been seeking as it distinguishes itself from a market teeming with synthetics.

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