Maurice Goldberger

As we move through 2024, the natural diamond industry continues to face significant challenges. The emergence of synthetic diamonds, heightened sustainability concerns, and global sanctions demand new approaches and fresh perspectives. 💎 Our latest eBook, "The Way Forward in 2024" webinar, offers valuable insights to help you navigate these uncertain times. Read this guide at: https://hubs.ly/Q02KcFX_0 📘✨ #DiamondIndustry #Sustainability #Innovation #Webinar #EbookRelease

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🇨🇦 Celebrating Canada Day 🇨🇦 As someone who cherishes the journey of becoming a Canadian, I am always excited to delve into fascinating data about our nation and share these insights with the world. Recently, I came across some compelling information about Canada’s influence on the watch industry, particularly the rise of microbrands. Curious to learn more? Follow the link to read the full article and join the conversation about Canada’s unique contributions to horology. 🔗 https://lnkd.in/eaa9tSde #ProudCanadian #WatchIndustry #Microbrands #Horology #Canada #NorthernWatchServices #WatchEnthusiasts

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Everyone is talking about diamond prices CRUSHING ARE THEY ??? A few points to remember – PUT THINGS IN CONTEXT!!! 1.      Went down, yes, but they also peaked around the year 2023 2.      We should stop talking about diamonds like it’s ONE product. There are many size groups, color groups, fancy color diamonds, so many types of diamonds that you cannot treat them all the same. While some items went down, some remained stable, with minor declines.   Will you say, “watch prices went down” ? You can, and it’s true that from 2022 peak, it went down, but still, on stainless steel Rolex, you end up paying 50% up to double the retail price.   So, all I’m saying is let’s put things into the proper context.   HATIMA TOVA & SHANA TOVA Follow me on IG Roi_Sheinfeld #diamondprices #Hongkong #shanatova

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Among other things, GSI provides services of sorting melee and star melee-sized loose diamonds, received in bulk and batches. GSI, with its proven industry expertise, provides reliable and precise diamond sorting and grading services. GSI assesses the quality of diamonds received in batches and categorizes the diamonds using globally accepted standards and procedures. Diamond sorting services of melee and star melee-sized diamonds are based on various criteria depending on the services selected by the client, such as color, clarity, cut, and, size. GSI is uniquely equipped to address continually emerging and accelerating industry challenges. GSI identifies whether any undisclosed laboratory-grown diamonds or simulants are mixed into parcels. GSI’s services are accurate and backed by ethical practices. Learn more about GSI at www.GemScience.net. #GemologicalScienceInternational #GSICertified #GSI #GSICertification #Gemstone #Jewelry #Gemstones #DesignerJewelry #GemLab #GemstoneTesting #GemstoneGrading #Gemology #Gemologist #ColorGemstones #Diamonds #Sparkle #FashionJewelry #Bling #DiamondsAreForever #ColorCutClarityCaratWeight #GSILaboratory #GSILab #GradingReport

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Are diamond prices collapsing? Maybe, maybe not. Maybe its cyclic? We are now back to 2006 for diamonds. And LGD prices are headed south; the cost of all sizes are under $100 per carat wholesale for big buyers. Retail 10X margins will only last a little longer. Some say IDEX Rap or too many players are commoditizing diamonds causing price falls. I think it is just business. Prices of big stones went nuts during the financial crisis. Then in 2012 Xi Jingping stopped Chinese government and military corruption. Pandemic up. Ukraine down. LGD cannibalizing diamonds. Inflation and China property market down down. etc – it’s just biz as usual. More important - There have been many improvements in efficiency - the internet made global trading easier and so wholesalers and retailer margins are lower (this will happen to LGD margins too). Diamond cutting costs have shrunk to a fraction of what they were decades ago. Lots of this has been covered in my book.

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🔹 Navigating the Future of the Diamond Industry in 2024🔹 As we move through 2024, the diamond industry is experiencing significant shifts that every professional should be aware of. Here are some of the key trends and insights shaping our market: 1. Ethical Sourcing & Transparency: Consumers are increasingly prioritizing ethically sourced diamonds. Certifications like the RJC’s Chain of Custody are becoming crucial for attracting informed clients who value transparency and responsible practices. 2. Market Dynamics: After a turbulent 2023, diamond prices are expected to stabilize in 2024. The previous oversupply is balancing out, and sanctions on Russian diamonds are likely to tighten supply, potentially driving prices up. 3. Technological Advancements: Blockchain and AI are revolutionizing our industry. Blockchain ensures traceability and conflict-free sourcing, while AI enhances grading accuracy and fraud detection. These technologies are essential for maintaining consumer trust and operational efficiency. 4. E-Commerce Growth: The rise of e-commerce is undeniable. Online diamond sales are projected to capture a larger market share, making it essential for businesses to invest in seamless digital platforms and secure payment options. 5. Lab-Grown Diamonds: While lab-grown diamonds are gaining popularity due to their cost and perceived environmental benefits, natural diamonds continue to hold a unique allure. The debate on sustainability between lab-grown and natural diamonds continues, but natural diamonds offer unparalleled authenticity and long-term value. 6. Geopolitical and Economic Factors: The economic slowdown in China is impacting global demand for luxury items, including diamonds. This trend could balance the supply constraints from Russian sanctions, influencing overall price stability in the market. 🔹 Strategic Recommendations: - Embrace Ethical Practices: Highlight your commitment to responsible sourcing. - Invest in Technology: Leverage blockchain and AI for enhanced trust and efficiency. - Expand Online Presence: Strengthen your e-commerce capabilities. - Adapt to Market Changes: Stay agile and monitor geopolitical and economic developments. Let's continue to innovate and uphold the timeless allure of diamonds in 2024 and beyond. 💬 Let's Connect! I am open for a casual discussion about the diamond market and new trends. Feel free to reach out to me for a chat! #DiamondIndustry #EthicalSourcing #Blockchain #Ecommerce #LabGrownDiamonds #MarketTrends #GeopoliticalFactors #AI #TechnologyInDiamonds

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The key factor pushing synthetic diamond prices lower will not be short term over-inventory. It will be the continued severe decline in the cost of producing synthetics and the fact that B2C competition will pull B2C prices down to B2B levels. Watch WalMart and you will see the price of synthtics drop to tens of dollars per carat. Jewelers selling synthetics at outrageous markups are destroying their customer base. The higher they go the harder they will fall. The sooner synthetic sellers go out of business the better.

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💎 Tip of the Day: Shift Your Focus to Natural Diamonds In 2024, retailers should prioritize training their associates in the art of selling natural diamonds. Understanding the unique selling propositions of natural diamonds and highlighting their rarity is crucial. Showcase natural diamonds first, emphasizing their value, even if customers inquire about lab-grown options. Reserve lab-grown diamonds as a last resort, discreetly kept in the back, and presented only after thoroughly explaining the value of natural diamonds. 💍 #DiamondSales #RetailTips #NaturalDiamonds #MeganTellsAll

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5 tips to preserve your jewellery that you might not have thought of: Zipper Sealed Shine: For silver jewellery, seal it in a Ziploc bag to limit air exposure and slow tarnishing. Chalk it Up: Place a piece of chalk in your jewellery box to absorb moisture and prevent rust or tarnish on metals. Use a Straw for Chains: Thread your delicate chains through a straw to prevent them from tangling when storing or traveling. Rotate Wearing: Avoid wearing the same piece every day—let your jewellery “rest” to reduce wear and tear over time. Silica Packets are Gold: Those little silica gel packets? Store them with your jewellery to absorb moisture and prevent tarnishing. Reminder: Jewellery is a timeless treasure, but like all precious things, it needs care to keep its shine. #JankiChoksi #JewelleryCare #JewelleryTips #JewelleryMaintenance #CreativeExploration #Naturelnspired #DesignWithPurpose #ThinkBold #CareDeeply #FutureOfDesign Bvlgari Cartier Tiffany & Co. Boucheron Graff Piaget Chopard CHAUMET LVMH CHANEL Gucci Louis Vuitton Prada Group Kering Fendi Van Cleef & Arpels Harry Winston Buccellati Chow Tai Fook Jewellery Group REIKO MORRISON

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Transparency is the foundation of trust in the diamond industry. Consumers increasingly care about where their jewelry comes from, but are often unaware of the complex realities behind it. Buzzwords like "ethical" or "sustainable" can be misleading if not backed by real, traceable information.    Let's make transparency the norm, not the exception.    Read more: https://lnkd.in/etaFQg-P    #Traceability #Transparency #EthicalDiamonds 

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Russian Goods - Greenwashing/Whitewashing Alert Outrageous, if you want to import Russian Soutce diamonds (mined in Russia cut outside Russia) just import the diamonds as jewelry. Four prong simple setting should work fine. The US 5.5% import tax on Jewelry will make it more expensive to import the Russian diamonds as jewelry. Loose diamonds don’t have any import tax. This is a disincentive for Americans to buy Russian goods but it does make it legal if you are willing to pay the tax. Another factor is that the jewelry exemption encourages jewelry manufacturing outside the US, penalising US jewelry manufacturers. It’s obvious the Belgians don’t know what they are doing. Hopefully OFAC will not follow them. OFAC should implement regulations that will effectively and efficiently stop the flow of US money for Russian diamonds without unnecessarily harming the US diamond and jewelry trade. Visit rapaport.com/sanctions for our recommendations as to how this can be best accomplished.

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Synthetics will dominate bridal in 2024 and the collapse in 2025 when brides figure out they have been ripped off. Synthetic diamonds will go the way of CZ. Retailers who sell synthetic diamond engagement rings for huge profits will have to answer to brides who see their thousand dollar engagement rings offered for sale at WalMart for hundreds or even tens of dollars. Real natural diamonds will return as the ultimate gift of commitment because they are valuable as is the marital relationship. Millennial women in their thirties are not interested in tinder experiences. They want stable long term relationships and the opportunity to have children with men they love. Men also want loyalty, love and commitment. The synthetic engagement ring trend will blow away as will the jewelers selling them. Marriage is not a one night stand. Engagement rings are not costume jewelry.

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Recently spoke with Joshua Freedman at Rapaport regarding Lab grown. It is evident that the rise of lab grown diamonds is not merely a reflection of consumer preference, but rather a strategic push by certain retailers. The allure of high margins has led retailers to embrace lab grown diamonds, despite the diminishing overall value. As consumers become increasingly informed, the consequences of this misinformation is becoming apparent. Trust, once lost, is not easily regained. The jewelry industry risks alienating consumers by prioritizing short-term profit over transparency and integrity. Even worse these business models will not be viable in the long-run when the public realizes lab grown is worthless. Every day our team speaks to clients who thank us for our honestly and share stories of fraudulent attempts by retailers to sell them lab grown for tens of thousands of dollars. It's past time for a paradigm shift. We must all prioritize honesty and transparency in our businesses, ensuring that consumers are empowered to make informed decisions. Otherwise, we risk jeopardizing not only our credibility but also the trust of our valued clients. This is why The Clear Cut we have never sold lab grown diamonds but rather give them away for free. Let's all work together to uphold the standards of our industry and restore faith in the timeless beauty of ethical natural diamonds. https://lnkd.in/eKP7QZci

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