JCK Report – Cut Diamond Conversations

Radical changes are likely in the diamond market here and around the world in the years immediately ahead. There are new challenges to the traditional channels of distribution. Powerful new consumer markets are emerging. Marketable synthetic diamonds are not far off. Since diamond jewelry accounts for about half of the industry’s U.S. sales, how these changes affect the diamond market is vitally important to everyone in the business. To get a measure of how the industry thinks about the future, JCK identified some crucial issues facing the industry. Then we asked knowledgeable individuals at different points in the diamond pipeline for their comments on these issues – ones likely to have the greatest impact on the greatest number of people in the long term. The participants are Stephen Lussier, manager of De Beers’ Consumer Marketing Division, London; Hertz Hasenfeld, a key N
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