Press Releases

Supply Shortage of Diamonds Causing Retailers to Act Early and Analyze Holiday Inventory

Major retailers in the U.S. and China are buying aggressively to keep up with strong consumer sales.

Published

2 years ago

July 30, 2021

Press Releases

(PRESS RELEASE) According to Bloomberg news, major retailers in the U.S. and China are buying aggressively to keep up with strong consumer sales. The issue is there is a great shortage in loose diamonds and prices will continue to rise while supply is down. Some prices have ballooned by over 10%. Cutters and polishers are competing fiercely for stones. Interestingly, is that while round brilliant diamonds continue to lead the market with oval shapes as a close second, fancy shapes like emeralds, radiants and pears are gaining in popularity as well.

GN is focusing on buying the cleanest of rough to produce crisp, clean diamonds for retailers to easily sell. The brilliancy score that comes free with every certified diamond proves that GN’S diamonds outshine others and help retailers compete with diamonds listed on various on-line sites. Supplying a retailer with data showing 3rd party Light performance statistics is embraced by consumers and proves why one diamond outshines another. This facilitates the sale for our retail partners making the sales process easier and shorter. GN does not sell to on-line portals and remains dedicated to retail stores across the country.

GN Diamond sees the market to continue to flourish with polished stones continuing to appreciate in value throughout the holiday season. With this in mind, we are seeing retailers acting quicker than usual in buying and investing for the holiday. The upcoming Vegas show, which has moved to the end of August, will provide retailers with an excellent buying experience at a critical time to help boost holiday sales.

For retailers that will not be attending the Vegas show, GN Diamond has seen a major uptick in small and large retailers that have never bought for stock before now buying so they will not miss any diamond sale opportunities. They are taking an educated risk of purchasing and replenishing fast sellers with the comfort of GN’s 100% sell through guarantee on loose and finished diamonds and diamond jewelry.

For more information on GN Diamond call 800-724-8810. Open 6 days a week and 24/7 at www.gndiamond.com and sales@gndiamond.com.

When There’s No Succession Plan, Call Wilkerson

Bob Wesley, owner of Robert C. Wesley Jewelers in Scottsdale, Ariz., was a third-generation jeweler. When it was time to enjoy life on the other side of the counter, he weighed his options. His lease was nearing renewal time and with no succession plan, he decided it was time to call Wilkerson. There was plenty of inventory to sell and at first, says Wesley, he thought he might try to manage a sale himself. But he’s glad he didn’t. “There’s no way I could have done this as well as Wilkerson,” he says. Wilkerson took responsibility for the entire event, with every detail — from advertising to accounting — done, dusted and managed by the Wilkerson team. “It’s the complete package,” he says of the Wilkerson method of helping jewelers to easily go on to the next phase of their lives. “There’s no way any retailer can duplicate what they’ve done.”