Diamond jewelry making is powerful sector to start up a business because there is huge business opportunity in this. The jewelry industry is the one of the sector which has a power to change the market scenario.
Diamond jewelry making business has recently attracted not a few individuals who choose to venture into some kind of an enterprise but also attracted biggest industry houses and lager organization are also taking interest in this sector of business lines. In current market situation there is silver and gold price hike in Asian market which also emerges business opportunity in diamond jewelry making.
A starting your own wholesale costume diamond jewelry business only requires you to have a basic knowledge about the jewelry industry, its trends and progression.
There are many and elements and metals and materials used for development of jewelry making Gemstones, coins and used for creating jewelry items, Now in modern times jewelry is made usually from the following metals ie. Gold, Silver, Platinum, Titanium, White Gold etc. Another metal which is in very much used jewelry is Diamond. Diamonds were first mined in India. Diamond is very common in rings, necklaces, nose rings, earrings, bracelets etc.
Diamonds are not only a girl’s best friend; they can also produce a rock solid return. De Beers, which controls 60% of the world’s diamond production, has increased its prices five times in the last 24 months, but worldwide demand is still rising at 8% a year. In China alone diamond sales are expanding at 25% a year. Nor is this growth limited to diamonds for jewellery. The vast majority of diamonds – some 80% – are used for industrial purposes and, here again, prices have been rising as demand outstrips supply.
Global Markets trends for Diamond jewelry and jewelry industry growth:-
United States: There is a sense that the larger retailers are buying for inventory, with particular focus on their bridal lines. The most popular retail items remain 1.00-to 1.25-carat, G-H, SI1-2 stones. Wholesalers note that retailers are trending toward larger stones for their bridal customers. Wholesale trading is stable with a broad range of goods selling well in the dealer market. In usa there are well established outlets and jewelry store like jeweler Houston and jewelry Houston and other famous brands are also called as diamond Texas. These diamond outlets are famous and well know by their city name like diamond ring Houston. In this quality diamond ring is available in Houston.
De Beers raises prices by approximately 10% with some Indian rough increasing by as much as 30%. Rising concern about speculation as rough inventories grow but manufacturing lags resulting in polished shortages. DTC March sight estimated at $500m. Reasonably good activity at Basel with significant trading of large expensive diamonds, gems and jewelry but show lacked Hong Kong energy. Signet 4Q sales +6% to $1.3b, net income -9% to $105m. LVMH launches $650m fund to invest in India and China.
India: Polished trading has slowed slightly. There is very good demand for smalls in -2, stars and melee, pique and SI+ stones. Prices in these goods have been very strong in the past month and DTC executed significant increases on the rough for these goods. Rough demand remains strong and dealers were encouraged to increase activity after the DTC sight.
China: The wholesale market is stable with some uncertainty regarding prices. Dealers who have inventory they bought before the Hong Kong show are selling well, others who bought at higher prices need time to allow.