The love affair between jewelry brands and their consumers is over.
The love is gone.
The money is gone, too.
The demise of the diamond jewelry industry is a sad and troubling reality, but it’s not as bad as you might think, says David Fidler, co-founder of the Diamond Institute.
Fidler said the industry is in deep trouble.
He says it’s the first time in a decade that the diamond industry has experienced a decline in sales.
Diamonds are the best jewelry for couples to wear, he said.
And that’s a big deal, because the diamonds can be pricey.
Diamond sales dropped by 3.2% in 2017, according to industry statistics, and sales are forecast to drop another 0.5% in 2018.
That doesn’t sound like much, but to some, it’s an epidemic.
The diamond industry is not alone.
Sales of luxury jewelry like Rolex watches and the designer watches and jewelry for celebrities like Beyonce and Rihanna have also declined.
But many experts say the real issue is that the price of diamonds is rising.
And there are many factors that are to blame, Fidley said.
Many people are buying diamond jewelry because they want to be like the diamond, but they’re not going to pay more.
The price of the stones has gone up dramatically, and that’s not good for the consumer, Fidell said.
I think the biggest reason for that is the price is not competitive with other precious metals, Fidel said.
It’s not competitive enough to get people to spend more money.
Fidel is not the only person to say that.
Diamond analyst Jim Jansen, a professor at the University of Pennsylvania, told The Associated Press he believes prices are going up because there’s no competition in the market.
Diamonds have been a staple of the consumer’s wardrobe for centuries.
They’re considered the best-looking jewelry in the world, but many people have been getting a bad rap for spending too much on jewelry.
The truth is that people have always spent more than they should have, Jansen said.
And I think there is a growing perception that jewelry should be more affordable and more of a bargain.
But there’s another way to look at it.
It doesn’t have to be that way.
There are a lot of reasons people buy jewelry, Fides said.
The way people spend money is changing.
People are going out to restaurants, buying groceries and they’re buying everything from designer watches to designer watches, Jarrell said.
People are also more likely to get a good quality diamond at a good price.
They buy it on impulse, and they don’t really know it’s going to be the best one.
They can’t go to the jeweler and ask for the best diamond.
They want a good one, Jarnell said.
They need to know they’re getting something of quality.
And there’s a growing sense that we don’t have enough quality diamonds in the marketplace.
And that’s creating a problem, Jair said.
There’s no denying that there are a ton of quality diamonds out there, but not enough to keep up with demand.
The market is saturated, Jaidn said.
The industry needs to start selling more diamonds, Fidders said.
It’s hard to see any future for the diamond market, Fili said.
In the next 10 to 20 years, we’re going to see a lot more diamond sales decline.