- Joined
- Aug 15, 2000
- Messages
- 18,845
Retailers are using new platforms to cut out wholesalers. Wholesalers are history. D’oH! Lab diamonds on memo to stock retailers stores & then the retailer sells cheaper labs from the new platforms.
Wholesalers are going broke - they can’t afford to re-stock natural diamonds. Their memo’ed lab stocks plummet in value. Rats in a treadmill. That’s one reason natural diamonds prices are falling.
Retailers using these new platforms to reduce inventory. That’s the other reason stores are not restocking natural.
Signet bought JamesAllen and BlueNile and are using virtual diamond desks in their B&M stores.
Diamond cutters are left holding the can. They have to hold the inventory that previously was in wholesalers vaults and retailers stores!
All up this is a classic tech driven change. RapNet, IDEX and Ploygon have been around for decades, but these new platforms make buying easier for retailers with no upfront subscriptions (for now).
Lab diamond prices are dropping because inventory build-up is growing at +25% a year. Natural diamond supply fell 10% since July. Now India is blocking importation and Russia and De Beers are stockpiling. Natural supply is drying up.
Natural demand will rise as lab become costume jewelry. To show ‘commitment’ at the average engagement ring spend - Jack give Jill a 10ct or 20ct lab? Remember, the larger the lab the cheaper the cost per carat of growing and polishing.
Wholesalers are going broke - they can’t afford to re-stock natural diamonds. Their memo’ed lab stocks plummet in value. Rats in a treadmill. That’s one reason natural diamonds prices are falling.
Retailers using these new platforms to reduce inventory. That’s the other reason stores are not restocking natural.
Signet bought JamesAllen and BlueNile and are using virtual diamond desks in their B&M stores.
Diamond cutters are left holding the can. They have to hold the inventory that previously was in wholesalers vaults and retailers stores!
All up this is a classic tech driven change. RapNet, IDEX and Ploygon have been around for decades, but these new platforms make buying easier for retailers with no upfront subscriptions (for now).
Lab diamond prices are dropping because inventory build-up is growing at +25% a year. Natural diamond supply fell 10% since July. Now India is blocking importation and Russia and De Beers are stockpiling. Natural supply is drying up.
Natural demand will rise as lab become costume jewelry. To show ‘commitment’ at the average engagement ring spend - Jack give Jill a 10ct or 20ct lab? Remember, the larger the lab the cheaper the cost per carat of growing and polishing.