Headlines

De Beers Slashes Diamond Prices in First Sale of the Year

Published

8 years ago

January 21, 2016

INSTORE Staff

Credit squeeze, slower sales in China prompt the price cut.

In an attempt to stimulate demand, De Beers will reduce diamond prices in its first sale of 2016, Bloomberg reports. The article says that prices will be lowered by up to 7 percent as the diamond-producing giant readies to offer about $450 million of diamonds for sale. The sale comes as “slower diamond jewelry sales in China, the top buyer after the U.S., and a credit crunch in the industry has sapped demand. That’s left cutters and traders with excess stockpiles, and forced the biggest producers to cut output and prices.”

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”