Dec 05 2024 21 mins 1
The global wholesale diamond market has essentially collapsed over the last several years. Publicaly traded jewelry companies have been struggling with softer revenue and earnings. With the exception of perhaps ultra-high end brands, the demand for fine jewelry has essentially stalled. Is this due to the consumer being strapped for cash? Or have consumer preferences changed? After all, the demand for fine china and antique wooden furniture also seems to have waned. Could it be generational preferences or is it purely economic? Has supply outpaced demand?
In this week’s Trading Perspectives, Sam Clement and John Norris discuss how problems in the jewelry sector have more to do with alternatives and supply than changing consumer preferences.
