In the first half of 2022, US jewelry sales rose year over year. However, sales waned until they fell behind in June. And yet, spend per item is rising.
https://www.edahngolan.com/first-half-of-2022-jewelry-sales-rose-average-value-soars/
https://www.edahngolan.com/first-half-of-2022-jewelry-sales-rose-average-value-soars/
Edahn Golan Diamond Research, Analysis & Data
First Half of 2022: Jewelry Sales Rose, Average Value Soars
In the first half of 2022, US jewelry sales rose year over year. However, sales waned until they fell behind in June. And yet, spend per item is rising.
De Beers interim results show that while volume of sales was down 20%, the average p/c value of sales leaped more than 57%
Mastercard SpendingPulse says jewelry sales are up 18.6% YoY and +109% vs July 2019 despite high inflation.
Here's my question: does this reflect your jewelry or diamond business in any way?
https://www.mastercard.com/news/press/2022/august/mastercard-spendingpulse-u-s-consumers-continued-to-spend-in-july-while-navigating-high-inflation/
Here's my question: does this reflect your jewelry or diamond business in any way?
https://www.mastercard.com/news/press/2022/august/mastercard-spendingpulse-u-s-consumers-continued-to-spend-in-july-while-navigating-high-inflation/
Mastercard
Mastercard SpendingPulse: U.S. consumers continued to spend in July while navigating high inflation
E-commerce growth sees a hot July amid promotional events, while home-focused spending cools
Breaking News: Signet just announced the acquisition of Blue Nile for $360 million in an all cash transaction. More to follow
My 2 cents on the acquisition of Blue Nile:
Consider the following:
Bain Capital (with Adama and others) took BN private, paying $500M.
Less then a year ago, BN was talking about an IPO at a valuation of +$800M.
Their sales grew from $490M (2017) to $580M and then fell back to $500M.
So why did Signet buy a competitor (to James Allen)? A golden opportunity to get BN at a discounted price. It makes perfect sense, especially since they have the technology to revamp BN and expand their own online reach.
Consider the following:
Bain Capital (with Adama and others) took BN private, paying $500M.
Less then a year ago, BN was talking about an IPO at a valuation of +$800M.
Their sales grew from $490M (2017) to $580M and then fell back to $500M.
So why did Signet buy a competitor (to James Allen)? A golden opportunity to get BN at a discounted price. It makes perfect sense, especially since they have the technology to revamp BN and expand their own online reach.
Diamond production and prices seesawed in the past couple of years. One miner was placed under sanctions.
How does all this impact miners' market share you ask? Oh, I just happened to write something about it! 👇🏼
https://www.edahngolan.com/de-beers-and-alrosa-market-share-2021/
How does all this impact miners' market share you ask? Oh, I just happened to write something about it! 👇🏼
https://www.edahngolan.com/de-beers-and-alrosa-market-share-2021/
Edahn Golan Diamond Research, Analysis & Data
De Beers and ALROSA 2021 Market Share Rises
De Beers’ and ALROSA’s 2021 market share increased. But ALROSA is expected to lose market share in 2022. It’s still active, just low profile.
As an industry analyst and commentator, I always wonder what is it that readers are most interested in.
To that end, I would love to hear from you what content you find of most value and interest?
Looking forward to your thoughts and feedback.
Edahn
To that end, I would love to hear from you what content you find of most value and interest?
Looking forward to your thoughts and feedback.
Edahn
The average total carat weight of a lab-grown diamond for an engagement ring in the US is 1.42 carat, priced at about $3,800. That compares to an average total carat weight of 0.81 carat for a natural diamond, priced at about $4,209.
https://edition.cnn.com/2022/08/19/business/lab-diamond-engagement-ring/index.html
https://edition.cnn.com/2022/08/19/business/lab-diamond-engagement-ring/index.html
CNN
Couples are swapping out natural diamonds in rings for larger, cheaper lab-made ones | CNN Business
Lab-grown diamonds have become so popular with consumers that some couples are asking jewelers to swap the natural diamond in their rings for a lab-created sparkler.
A well in advanced heads up on this webinar. Chris and will be talking about the new data analytics service Tenoris.bi. This is the first ever service that provides detailed trade data about every aspect of consumer and retailer demand in the diamond/jewelry industry.
https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fus06web.zoom.us%2Fwebinar%2Fregister%2F5316608384010%2FWN_P5YMmD8YTDeKGAAspyiWsA&data=05%7C01%7Cmichelle.graff%40nationaljeweler.com%7Cbc3dcde3a9454f12ec1a08da81497d4e%7C1b79cc9a175a489b88bed80770cf88db%7C0%7C0%7C637964449919941918%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=k3T6XaxoHJ%2BptnfQ7ABLCaRlkQxxpkKTJdfnqbjY%2Fbw%3D&reserved=0
https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fus06web.zoom.us%2Fwebinar%2Fregister%2F5316608384010%2FWN_P5YMmD8YTDeKGAAspyiWsA&data=05%7C01%7Cmichelle.graff%40nationaljeweler.com%7Cbc3dcde3a9454f12ec1a08da81497d4e%7C1b79cc9a175a489b88bed80770cf88db%7C0%7C0%7C637964449919941918%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=k3T6XaxoHJ%2BptnfQ7ABLCaRlkQxxpkKTJdfnqbjY%2Fbw%3D&reserved=0
Which raises the question: Which measurement more closely reflects your sales in July? https://www.jckonline.com/editorial-article/jewelry-sales-measuring-them/
Jckonline
How Are Jewelry Sales? Depends On Who’s Measuring Them
<p>Depending on which sales measurement service you consult, July’s jewelry sales either continued the industry’s unprecedented hot streak or showed that its amazing two-year run was cooling off. Mastercard’s SpendingPulse sales measurement service continued…
What do you think are the most pressing issues in the diamond industry?
Anonymous Poll
41%
Rough diamond prices?
19%
Low level of marketing
32%
The rising popularity of LG?
9%
Something else (state in comments)
Diamond Reports
https://www.edahngolan.com/diamond-reports/
https://www.edahngolan.com/diamond-reports/
Edahn Golan Diamond Research, Analysis & Data
REPORTS
Diamond Reports To Sink Your Teeth Into We offer free in-depth diamond reports about the global diamond jewelry industry. In these reports, we cover a wide range of diamond industry topics. Among them are issues…
A link to the presentation I gave at #facets2022 last week. A drill down analysis of the US market.
Using engagement rings as an example, a comparison of natural diamonds to lab-grown and the impact they have on share, price, cost, margins, ct weight, plus change over time.
The analysis is based on data available in the jewelry service by www.Tenoris.bi.
Using engagement rings as an example, a comparison of natural diamonds to lab-grown and the impact they have on share, price, cost, margins, ct weight, plus change over time.
The analysis is based on data available in the jewelry service by www.Tenoris.bi.
It was a very unusual year for me. Professionally, the highlights were the launch of Tenoris.bi and moderating Facets 2022.
As the Jewish new year starts tonight, I wish all a challenging, rewarding, fascinating, fantastic new year. Shana tova!
As the Jewish new year starts tonight, I wish all a challenging, rewarding, fascinating, fantastic new year. Shana tova!