International News
US jewellery, watches sales up by 4.4 per cent year-on-year
Sales of watches and jewelry in the US showed further signs of growth in December 2024, up 4.4 per cent year-on-year, according the latest figures from the US Department of Commerce. But there’s been a marked slowdown since the 10 per cent increases of last September and October.
November saw sales up by just 3.0 per cent, revised down from 5.8 per cent based on actual through-the-till transactions rather than estimates. October has been revised up from 9.7 per cent to 10.0 per cent.
The average monthly year-on-year growth for the full year is 5.4 per cent, so December was little below par. Having said that, it was the 15th consecutive month of growth after a long period (the end of 2022 and much of 2023) of falling sales.
A closed-door outreach session in Paris brought senior Kimberley Process (KP) leadership into direct dialogue with leading luxury jewellery maisons, positioning the certification system at the centre of brand risk, sourcing integrity and consumer trust.
Hosted by UFBJOP, the invitation-only discussion, held under Chatham House Rule, clarified how the KP works, why it remains central to the natural diamond value chain, and how it supports brand credibility in a market shaped by rising transparency expectations.
The panel featured Feriel Zerouki, President, World Diamond Council (WDC); Stéphane Fischler, former President, WDC; Anoop Mehta, Convenor – Diamond Panel, GJEPC; Ahmed Bin Sulayem, CEO, DMCC & former KP Chair; and Sabyasachi Ray, Executive Director, GJEPC & Deputy Advisor to KP Chair, who shared perspectives spanning industry, governance and trade.
The discussion opened with an overview of the KP’s origins and mechanics, followed by India’s 2026 Chairmanship priorities built around the “3Cs” – Credibility, Compliance and Confidence. The framework focuses on strengthening certification integrity, addressing financial risks like crypto-linked transactions, and improving consumer-facing communication.
Where Sound Meets Form: A Bespoke Collab Rishab Sharma x Tamannaah Fine Jewelry
Diamond Market Shows Resilience As Large Stones And Fancy Shapes Drive Demand
Fiona Diamonds Unveils ‘The Tendulkar’—A Rare Haute Joaillerie Tribute To A Cricketing Icon
Nita Ambani Brings Heritage Elegance to TIME100 Gala 2026 with Rare Diamond and Banarasi Weave
Fiona Diamonds Unveils ‘The Tendulkar’—A Rare Haute Joaillerie Tribute To A Cricketing Icon
Where Sound Meets Form: A Bespoke Collab Rishab Sharma x Tamannaah Fine Jewelry
-
DiamondBuzz4 hours agoNita Ambani Brings Heritage Elegance to TIME100 Gala 2026 with Rare Diamond and Banarasi Weave
-
BrandBuzz2 hours agoFiona Diamonds Unveils ‘The Tendulkar’—A Rare Haute Joaillerie Tribute To A Cricketing Icon
-
GlamBuzz2 hours agoWhere Sound Meets Form: A Bespoke Collab Rishab Sharma x Tamannaah Fine Jewelry
-
DiamondBuzz2 hours agoDiamond Market Shows Resilience As Large Stones And Fancy Shapes Drive Demand
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.