Edahn Golan
7.5K posts
Edahn Golan
@edahn
I'm a diamond industry analyst and commentator, providing data analytics that help companies lead the industry. My specialty: putting it all in context.
Right by my clients Beigetreten Ocak 2009
549 Folgt6.3K Follower
Today was my last day as JCK’s news director, after working at the publication for an amazing 28 years,
On March 30, I’ll be launching at Substack (original, I know!) called Thejewelrywire.com. It’ll still cover news in the jewelry world, but with a very different format
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Edahn Golan retweetet
Some 21 companies were informed today that they lost their Sight, while one company received a Sight for the first time.
The figures are not final; however, it appears that all but two Israeli Sightholders will not be renewed, and several Belgian companies have also lost their Sight. At least one company in South Africa is also out.
In India, a few companies lost their contracts, and the one new Sightholder is also Indian.
The changes follow shrinking consumer demand, miners’ decisions to reduce production, and a much-needed market consolidation.
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US producer prices rose beyond expectations, up 0.7% in February. However, jewelry producer prices outpaced this, rising 19.7%, on top of a 27.2% increase in January.
The increase reflects higher gold and silver prices, as well as new tariffs, but not only that. It also underscores a shift toward higher-priced items, which is driving up retailers’ purchase costs per item.
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Edahn Golan retweetet
#GEMD announces its Full Year Results for 2025.
Highlights:
- Revenue of US$98.4 million
- Underlying EBITDA of US$3.9 million
- Carats recovered of 90,354
- Average value of US$1,105 per carat achieved
Read the full announcement here: londonstockexchange.com/news-article/G…
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Shrinking demand and growing inventories are forcing change across the diamond midstream, and beyond.
De Beers is expected to cut its Sightholder list. Decisions on contract renewals are due Friday.
See first comment for link
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Valentine’s Day jewelry sales rose 14% YoY.
But the real story isn’t more jewelry being sold.
Consumers are buying more high priced pieces and more frequently. Average diamond jewelry transaction values jumped nearly 19%, the largest increase on record.
The jewelry market is becoming increasingly K-shaped:
higher-end demand is strong while the lower end remains soft.
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Middle East war: Dubai Airport’s closure is disrupting the diamond pipeline. Rough shipments to India are stuck in transit, and exports from India are slowing.
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February jewelry revenue was positive, with prices rising in the week leading up to Valentine’s Day.
Unit sales, however, continue to decline.
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Well, to be exact, Chinese consumers are spending a lot more on local luxury brands, and less on Western brands.
Semafor@semafor
Luxury brands cut sales forecasts as Chinese spending dips semafor.com/article/02/25/…
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Amazing.
Jacob Bernstein@BernsteinJacob
"I kept each one of these businesses going longer than anyone on Earth ever could have," says Richard Baker, whose company, Saks Global, entered Chapter 11 last month. As he sees it, his run through luxury retail was "very successful" never mind "what you've been reading." nytimes.com/2026/02/23/bus…
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@edahn In India, most lab diamond jewellers have been working with Surat CVD. Chinese are largely doing HPHT, but my reliable friends from Calcutta tell me they're now moving into CVD too in a big way. Regarless, jewellers are riding good margins on the back of consumer unawareness.
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Lab-grown diamond prices fell from $5,000 to <$1,000.
Natural diamonds declined just 7%.
Same category. Different economics.
#diamonds #DaimondAnalytics #SupplyAndDemand
#MarketStructure
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