News

Diamond sale rise in spite of Blood Diamond Jitters

Industry increases advertising budget 22% to $50 million in Q3

diamond world news service

Pre-Christmas diamond jewellery sales have been continuing to rise despite the industry’s fears that the Blood Diamond film would skew opinion against diamonds during the biggest purchasing season in the year, according to reports.

The movie depicts the role diamonds played in funding the war in Sierra Leone during the 1990s. Fearing a backlash against diamonds, the industry boosted its advertising budget to $61.8 million in the third quarter, up 22 per cent from $50.3 million a year earlier, according to sources.

The move seems to have paid off as diamond jewellery is already one of this season’s top sellers, report trade journals. Tiffany & Co. recently reported that its holiday sales have surpassed expectations. And this year, the period between Thanksgiving and Christmas could account for 20 per cent of annual sales, the newspaper reports.

However, even the Blood Diamond actors have been quick to point out that diamonds are playing an important role in the poorest of African countries.


Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

Oscar Heyman Unveils 2025 Holiday Catalog Featuring Over 100 One-of-a-Kind Gemstone Masterpieces

A Legacy of Art and Opulence: The Schlumberger Collection to Go Under the Hammer at Sotheby’s

Indiana Man Strikes Diamond Jackpot at Arkansas State Park

Rare 6.95-Carat Fancy Vivid Purplish Pink Diamond to Lead Phillips’ Geneva Jewels Auction

Demi Lovato, Saint Jhn, and Georgina Rodríguez Shine in Messika Jewellery