Overall jewelry and diamond unit sales were down in June, according to the latest Tenoris analysis.
Jewelry sales stabilized in May, however the average price point of diamond engagement rings is dragged down by lab grown. Diamond sales are suffering from a continued decline. Prices are declining as unit sales are shrinking. Memo is on the rise, indicating possible financial stress among wholesalers. Jewelry As anticipated, finished jewelry sales found some […]
Despite an impressive start of the year, jewelry sales are declining and lab-grown diamonds are experiencing a certain change in their growth trend.
Consumer purchases of lab-grown diamonds have shifted away from the traditional. They prefer larger lab-grown diamonds. Tenoris April 2023 Market Comments and market report.