Interruption Or Disruption: Leadership Crisis Within The Diamond Trade

Lab-grown diamonds are reshaping the worldwide diamond jewelry market, with production volumes rising rapidly. They provide lower costs, clear data, and are gaining recognition for engagement rings. The business has confronted challenges, but falling costs have spurred demand, especially in Mumbai. While the wider Australian non-essential retail business has suffered significantly up to now decade, it’s fair to say that many trade experts had predicted bleaker times for fine jewellery chains. “The motion in common sale and the rise in color gemstone jewellery sales suggests consumers are nonetheless buying – they’re just being selective as to what they are buying,” …