Tempelsman: Industry Faces ‘Shakeout’

The polished-diamond sector may be heading for a substantial "shakeout," Lazare Kaplan chairman Maurice Tempelsman told attendees at the recent American Gem Society Conclave in Atlanta. "The correction that looms ahead may be smooth and long in coming, or it may be soon and sudden," he said. "Either way, the impact will be felt at the retail level, as [suppliers] fail, and those that survive, being far fewer in number, become more important." He said that the "fault lines are already evident, though still papered over by low interest rates and other benign economic conditions." Those fault lines include the unprecedented $9 billion trade debt that is 50% higher than just two years ago; unsustainable credit terms that polished wholesalers offer retailers; the pruning of client lists by De Beers and others; and the growing disconnect between quick-rising rough prices and slow-moving po
JCK PRO

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).

SUBSCRIBE TO CONTINUE

Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out