Following the deep decline in the second quarter of the year, US jewelry sales surprisingly picked up in July, although, cyclically, it is a month when sales normally decline
In 2018, for the first time in a decade, demand for polished diamonds in the wholesale section of the diamond pipeline fell in the fourth quarter – a glaring sign of the troubled times. Considering the recent increase in jewelry sales and the decrease in inventories, it is fair to expect a relative improvement in demand in the fourth quarter of 2019 that reflects more than just rising cyclical demand. Read more..
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