Dr. M’zée Fula Ngenge: How De Beers’ Lightbox undermined natural diamonds

De Beers’ venture into the lab-grown diamond (LGD) market through its subsidiary Lightbox backfired, undermining its century-old luxury positioning around natural diamonds, according to the African Diamond Council (ADC) Chairperson Dr...

19 may 2025

LDB’s David Troostwyk: London still has major role to play in global diamond trade

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12 may 2025

David Johnson: De Beers balancing lab-grown and natural diamonds rarity while pioneering ethical transparency

De Beers has been differentiating its lab-grown diamond brand, Lightbox, by positioning it as an affordable, fashion-focused product. Group spokesperson David Johnson told Rough & Polished that this is in contrast to how De Beers promotes natural diamonds...

28 april 2025

Who will bear the cost? Paul Zimnisky weighs in on U.S. jewellery tariff impact

The United States jewellery industry is facing a complex balancing act as new tariffs on diamonds force wholesalers and retailers to decide whether to absorb costs, negotiate with overseas suppliers (particularly India), or pass them on to consumers...

14 april 2025

Thataitsile Moremedi: South Africa's State Diamond Trader providing market access, exposure for nascent manufacturers

Although it is challenging for previously disadvantaged individuals to enter the diamond industry due to the financial barriers, South Africa's State Diamond Trader is providing nascent entrepreneurs with exposure, market access, and other support...

31 march 2025

585*GOLDEN discovers correlation between average receipt value and population of a city

15 february 2024

The 585*GOLDEN jewelry company conducted a study and found out how the average receipt for jewelry in Russian cities correlates with their population.

The study is based on statistical data on the entire network, represented in 80 regions of the country.

The comparative analysis took into account sales in million-plus cities (from 500,000 to 1 million inhabitants), large cities (from 200,000 to 500,000), large towns (from 100,000 to 200,000), medium towns (from 50,000 to 100,000), and small towns (less than 50,000).

The smallest average receipt for jewelry was recorded in small towns. It was 5% - 7% lower than average across the entire network. The highest receipt was observed in large towns and large cities (from 100,000 to 500,000 inhabitants). It amounted to 10,431 rubles per purchase in the group of 24-45-year-old customers and 10,902 rubles in the 45-64-year-old group.

For comparison, in million-plus cities, the indicators in the same groups were 3% and 6% lower, respectively.

Men aged 45-64 from cities with 200,000 - 500,000 inhabitants spend the most on buying jewelry. Their average receipt, including women's jewelry as a gift, was 12,446 rubles.

Large towns and large cities together accounted for 40% of the total volume of jewelry sold, while million-plus cities accounted for 27%. Medium and small cities each accounted for 15% of the network's sales, while the largest cities (from 500,000 to 1 million inhabitants) only recorded 9% of total volume.

Alex Shishlo for Rough&Polished