March Sales Weak, LGD Revenue Issues Continue - Tenoris April 2024 market comments

March Sales Weak, LGD Revenue Issues Continue

Economic pressures led consumers to reduce their expenses. March jewelry and diamonds sales declined 3%.

Retailers are experiencing a decrease in revenue from LGD and that will lead them to seek alternatives.

Tenoris made a significant update to its system. Check it out.

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January 2024 jewelry sales down - Tenoris analysis

January Jewelry Sales Down 5%, Loose LG Revenue Marks First Fall

A disappointing start for the year. Overall US fine jewelry and diamond retail sales declined 5% in January. The decline in loose diamond sales, which accounts for more than 21% of retailers’ jewelry sales, was the primary cause of the decline.

For the first time, revenue from loose lab grown diamonds sales declined year over, as consumers spent less on per item, presenting a critical challenge for the LGD sector.

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