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.

Editor's Comment
Gov't, unions must find common ground

The situation is exacerbated by the ruling party’s admission that some of its most important election promises remain unfulfilled. This is not the change many Batswana had expected. The UDC was elected into power on a strong promise to improve lives, create jobs, protect workers and repair public services. It is therefore, not enough for the party to point only to new ministries, policies and long-term plans. These may be necessary, but...

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