Tell Us More

Share a bit more information with us
to finalize your Free Quote request.

You are looking for information regarding:

2 to 10+ carat
Round Diamond
Country
United States Afghanistan Aland Islands Albania Algeria American Samoa Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia, Plurinational State of Bonaire, Sint Eustatius and Saba Bosnia and Herzegovina Botswana Bouvet Island Brazil British Indian Ocean Territory Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China Chinese Taipei Christmas Island Cocos (Keeling) Islands Colombia Comoros Congo Congo, the Democratic Republic of the Cook Islands Costa Rica Cote d'Ivoire Croatia Cuba Curaçao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Falkland Islands (Malvinas) Faroe Islands Fiji Finland France French Guiana French Polynesia French Southern Territories Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe Guam Guatemala Guernsey Guinea Guinea-Bissau Guyana Haiti Heard Island and McDonald Islands Holy See (Vatican City State) Honduras Hong Kong Hungary Iceland India Indonesia Iran Iran, Islamic Republic of Iraq Ireland Isle of Man Israel Italy Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Korea Korea, Democratic People's Republic of Korea, Republic of Korea (South) Kuwait Kyrgyzstan Lao People's Democratic Republic Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macedonia, the former Yugoslav Republic of Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Moldova, Republic of Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands Netherlands Antilles New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island Northern Mariana Islands Norway Oman Pakistan Palestinian Territory, Occupied Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Poland Portugal Puerto Rico Qatar Republic of China Reunion Romania Russian Federation Rwanda Saint Barthélemy Saint Helena, Ascension and Tristan da Cunha Saint Kitts and Nevis Saint Lucia Saint Martin (French part) Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Serbia and Montenegro Seychelles Sierra Leone Singapore Sint Maarten (Dutch part) Slovakia Slovenia Solomon Islands Somalia South Africa South Georgia and the South Sandwich Islands South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Swaziland Sweden Switzerland Syrian Arab Republic Taiwan Tajikistan Tanzania, United Republic of Thailand Timor-Leste Togo Tokelau Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States Minor Outlying Islands Uruguay Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Vietnam Virgin Islands, British Wallis and Futuna Western Sahara Yemen Zambia Zimbabwe

1990: U.S. Diamond Information Highlights U.S. Customers’ Elevated Confidence

May 1999

The Diamond Information CenterDe Beers’ agency in the U.S., reported a 9% growth in the diamond jewelry market in 1998 in the U.S. Total sales were over $22 billion they said, with an increase of 5% in average price paid per piece. These figures were felt throughout the wholesale diamond industry as diamond sales and wholesale diamond prices remained firm.

This trend continued in 1999, not surprisingly, the U.S. Commerce Department added to these findings that total retail sales in March rose two-tenths of 1%. Though not a large jump in itself, this percentage change is part of the ongoing pattern: January sales rose by 1.3% and February’s were up by as much as 1.7% in the continuing upward trend as total sales reached $239.6 billion with the January/February non-adjusted figures for jewelry stores coming in at $1,202 million and $1,713 million, respectively.

Everyday consumers have been the backbone of the upward movement. Made confident by the bullish market on Wall Street and the 4.2% unemployment level in March – the lowest since 1970 – consumer spending and a rising consumer confidence in the continuing availability of jobs is the bottom-line reason for the high numbers.

In global terms, the news is not all as good. The International Monetary Fund (IMF) is warning of a global slowdown in 1999 and 2000 due, in part, to the Kosovo situation. The group’s prediction for global growth for 1999 was 2.3% and 3.4% for 2000. In Paris, consumer spending rose with the traditional March fashion sales, but by healthy 1.6% rather than the average single percentage point rise. French exports to the Asian markets continue to decline, but the country’s economy does not seem to be unduly effected.

The economic growth forecast for Germany was reduced to 1.7% from 2.3%, the lowest since 1996. Blamed for the slow-down are Germany’s export markets, among them Russia and Asia. However, the German institutes for economic research predict that the exports will rise in 1999 and again in 2000 by 4.7%. In London, the strong British pound continued to leave British exporters in shaky straits with the Asian markets, even as Italy’s consumerconfidence took a nose-dive and retail sales in Hong Kong fell this quarter to HK14 billion. In Russia, the International Monetary Fund is holding the government up to two major audits – and possible changes in current laws – before loaning it any further funds, regardless of any possible diamond backing for those funds.

In contrast, U.S. consumer confidence remains at a record high according to the Conference Board index. In the Conference Board consumer expectations index, which covers the next six months, the figures rose again, this time from 105.5 in March to 108 in April. The April increase of the current confidence reading to 134.9 was the highest since July of 1998 at 137.2 and has been rising for six months in row. The readings have been over 130 for a period of 12 months, a level that has not been reached since 1969.

Related Articles

1990

Diamond Retailers Look Satisfied With De Beers’ Diamond Marketing Campaigns

1990

Wholesale Diamond Sales Margins at U.S. Diamond Stores

1990

Diamond Board South Africa Aim at Promoting Fair Diamond Deals

WhatsApp chat