20 Sep 2019
DiamondWorld Directory
Home |
News
Home
Diamond & Jewellery Industry Heading For Strong End-Of-Year Results, Says WFDB President
WFDB President believes that overall situation is looking good. The industry can expect to see good sales results and strong restocking in the coming weeks.
By: Diamond World News Service
|
Dec 5 2018 1:40PM
|
Reference: 16839  

DecreaseIncrease

World Federation of Diamond Bourses (WFDB) President Ernie Blom says that the diamond and jewellery industries appear to be heading for a strong end of the year according to import and export figures and other reports in recent weeks. India recently reported a 19-per cent rise in exports in October in its latest results, while Belgium posted a 17-per cent increase. Meanwhile, the U.S. retail industry research groups are predicting a rise in holiday season sales of around 5 per cent.

"The figures are looking upbeat," said Blom. "Exports of polished diamonds showed a significant increase in two of the most important centers – India and Belgium. Meanwhile, forecasts for the holiday season in the United States are very promising as a result of the strength of the U.S. economy. And we saw record-breaking figures for consumer purchases on Black Friday and Cyber Monday last month.

"In addition, in Hong Kong, sales of jewellery and other luxury goods came back strongly after the decline in September caused by Typhoon Mangkhut. And just this week we saw a report on a survey carried out last month by the Diamond Producers Association according to which more than 53 million U.S. consumers intend to buy a diamond during the extended festive period from Thanksgiving to Valentine’s Day. These figures can give us great confidence as we end 2018 and approach the New Year.

"Of course, not all the indicators are heading upwards and the global geopolitical situation can always surprise to the downside. But, all in all, I believe the overall situation is looking good. We can expect to see good sales results and strong restocking in the coming weeks," he concluded.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
HouseAd_Trade Fair
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 17684
GJEPC Chairman Interview
Views: 16357
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 23338
Promo for IJ Awards 2012 at NDTV Profit
Views: 36444
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 39996
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 13734
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 37972
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 35649
Advertisement
KGK_Antwepr
Advertisement
M.Tarun
Member of:
Supporter of: