Chairman of Rapaport Group, an international network of companies providing added-value services that support the development of ethical, transparent, efficient, and competitive diamond and jewelry markets.
Increased supply lowers price which increases competition which lowers price. Synthetic diamond prices will fall to cost plus added value. Adding value to synthetic diamonds is in the domain of fashion jewelry as merchandised by Swarovski. Pandora, and eventually WallMart, Amazon and other retailers that specialize in low cost adornments. Synthetic people that misposition synthetic diamonds as engagement rings will go bankrupt. The gift of commitment requires something of value. Marriage is not a one night stand and engagement rings are not costume jewelry, There is a relationship between real values, real value and real diamonds.
Digital, print and social media content creator | Podcast host | Jewelry, diamonds, and luxury
Monday Press Review - Articles, podcasts & videos I enjoyed last week: 1. "Inside the Emergence of Lab-Grown Diamonds and How They Could Shape the Industry," a brilliant, comprehensive and insightful deep-dive into the hot category. By Victoria Gomelsky for Robb Report https://lnkd.in/ds8Yzw9U 2. "David Kellie - Real, Rare, Responsible" on Avi Krawitz's podcast: A Lively discussion with the CEO of the Natural Diamond Council. A lot of food for thought, especially the results of a mystery shopper initiative and how to brand natural diamonds. Looking forward to the new campaign shot in the northwestern territories. https://lnkd.in/e-dtXVCx 3. If like me, you like your financial results and analysis in an informative package, look no further than "Why Brilliant Earth Has Been Outpacing Signet" narrated by Joshua Freedman on the Rapaport Market Comment. https://lnkd.in/eusTBweW 4. "Good Investment: What Makes Jewellery Rise in Value?" by Rachael Taylor analyzes how to curate a collection that will deliver returns. Great read and beautifully illustrated (unsurprisingly it's on Katerina Perez) https://lnkd.in/eXCErH7Z 5. "Tips to Define Your Brand on Social Media from Jordan Wentz of Mason-Kay Jade & Jewels of the Trade" on American Gem Trade Association (AGTA): Lots of practical tips and ideas that might help shape your social media strategy. https://lnkd.in/eUNPei_M Have a great week! #jewelrynews #naturaldiamonds #podcast #jewelry #socialmedia #labgrowndiamonds
Like crude oil, unfortunately there will come a point where it will be simply far too expensive and uneconomical to mine diamonds, not forgetting the ramifications regarding the environment. With climate change and just how serious things are with global warming, we need to seriously weigh up our options, the same can be said with political reasons, too. But! This has ALWAYS been the case in deposits for gem materials, not just diamonds and not necessarily for reasons such as climate change.
David Walter
3mo
I don't know why people think synthetic diamonds will have a different arc than synthetic ruby, sapphire or emerald. There was fascination at first, and for a variety of reasons, but after some time the synthetics found a 'natural' place to settle - costume - where they remain with little to no resale or investment value.
Roger Kylberg
3mo
Thanks for sharing Martin Rapaport, the more you keep emphasizing this, the more your fear is so evident.
Virani Diamond
3mo
Interesting! I like
Rare, Unique Diamond Cuts & Designs -- GemConcepts Consultations.
3moM.R.: re> ".....Synthetic people that misposition synthetic diamonds as engagement rings will go bankrupt. The gift of commitment requires something of value. Marriage is not a one night stand and engagement rings are not costume jewelry,...." Reading Martin Rapaport own comment really makes you wonder sometimes who our industry leaders really are? And reiterates why our great industry is on such a low..., a pure reflection of their actions and empty words. It is high time for the changing of the guards...., it will happen!!