Trade jewelry Commission (Jewelers Board of Trade, JBT) US calculates the number of its members annually. Last year the number fell to 26 725.
The number of companies that have ceased operations, which means that their closure was not due to the financial collapse or merger, jumped by 63%, to 1518 during 2016. Cases of consolidation, including mergers and acquisitions, increased by 3.5% to 118. At the same time, only 33 bankruptcy jewelry companies occurred in the US during the year, which is 15% lower compared to 2015.
As for the sub-sector for the production of jewelry jewelry trade, he showed the most significant drop. The number of private companies has grown in it immediately more than doubled, from 59 in 2015 to 150 in 2016. Meanwhile, the closure of the wholesale jewelry companies increased by 85%, to 250, while the number stopped their activity jewelry retailers increased by 43% to 1269, according to JBT.
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De Beers will allow sightholders to postpone the purchase of all the raw materials that they are due in November until December, as the diamond market continues to be weak.
Portal Rapaport reports that thanks to this sightholders will be able to more flexibly plan purchases of diamonds in the next two sites.
The November De Beers website will begin next Monday.
This year, the cutting enterprises significantly reduced the purchase of diamonds and the production of diamonds.
"After discussing with some of you and recent visits to the workshops, we inform you about the additional opportunities that we will provide during the 9th and 10th sites," the company said in a letter to the sightholders accessed by the Rapaport News agency. We understand,
that short-term needs of many companies have changed significantly, so we try to find the best way to be flexible in meeting your needs. " Furthermore, the sightholders may also request, subject to availability, stones that are not in their ITO (the intention of the proposal).
sightholders talked about gloomy mood during the October site and the refusal of about half of the allocated supply. a similar pattern was observed throughout the second half of this year.
in October, De Beers and Alrosa left the prices at the same level after their decline by 8-10% in the third quarter.
sightholders expect that both the largest diamond companies in the prices will be relatively stable until the end of the year.
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