New Directions: Developments in the Diamond and Jewelry Industry

If there’s one criticism that can –and has – been leveled against the diamond industry, it’s that it has been slow to move with the times. So often we have heard that consumers prefer iPods, iPads, handbags, shoes and all sorts of other luxury goods to diamonds and jewelry because purchasing them is not as easy as buying other goods.

We’ve also been told at consumers have an inherent mistrust of jewelers, assuming that rather than being on their side, they are out to take advantage of them.

While we still have a long way to go, there are companies that are trying their upmost to move the industry into a new era – one of ease of buying, transparency and increased trust. But it’s not just happening at the retail level.

This month, we look at what some companies – IDEX Online included – are doing to make a difference in how diamonds and jewelry are bought throughout the pipeline. We also look at the new International Gem Tower in New York, the Bharat Diamond Bourse and our own trading platform to see some new developments in the industry.

And this is just the start.