Discover

MID BLOG

JEWELRY STILL SELLS ON MOTHER’S DAY, EVEN DURING THE COVID-19 PANDEMIC

Mother’s Day has traditionally offered a strong selling opportunity to the jewelry industry, but with the world caught in the grip of the COVID-19 pandemic, questions were being asked whether 2020 would prove an exception to the rule. Actual sales data is not yet available, but indications is that consumers still celebrated their partners, matriarchs and grandparents, albeit modestly as one would expect in a time of economic hardship.

Read More
AS INDIAN INDUSTRY CONTEMPLATES EXIT FROM LOCKDOWN, INCREASING CALLS FOR MORATORIUM ON ROUGH IMPORTS

The giant Indian cutting industry will play a key role in the recovery of the diamond sector from the extended global lockdown that had been instituted as a result of the COVID-19 coronavirus. But with the pipeline already clogged with excess rough supply before the start of the crisis, calls are growing for a temporary moratorium on rough diamond purchases, even after cutting plants resume activities, so as restore a sense of balance in the market.

Read More
BATTERED BY THE COVID-19 PANDEMIC BELGIUM STARTS EDGING ITS WAY OUT OF LOCKDOWN

Belgium is one of the countries that took a devastating blow from the COVID-19 pandemic. With more than 51,000 infections reported, the country’s the more than 8,400 people that lost their life made its per capita death toll the highest among all developed countries. In its efforts to prevent the spread of the disease, the government put much of the country into lockdown, and effectively shut down the economy. Two months later, it and its diamond industry are slowly returning beginning their return to normality.

Read More
WITH EMERGENCY TRAVEL RESTRICTIONS IN PLACE, DIAMOND MINERS LOOK FOR SOLUTIONS

With international air travel reduced to a bare minimum as a result of the COVID-19 coronavirus, and an increasing number of countries allowing entry only to citizens and other legal residents, rough diamond mining companies are being forced to consider new alternative operating procedures in a sector where typically buyers have traveled in to examine good visually before purchasing them.

Read More