“It’s a great time to re-evaluate what they have been doing for the previous six months, one yr, and two years, and see where they stand in their business,” he says. In a recent report, administration consultancy firm KPMG analysed consumer spending following the 2003 Severe Acute Respiratory Syndrome epidemic in Hong Kong and the 2015 Middle East Respiratory Syndrome outbreak in South Korea. A pandemic is called Jewelery News a ‘black swan’ occasion – a set of circumstances so unlikely, companies do not even factor them into forward planning, budgets, or worst-case eventualities. Yet 2020 has brought such an occasion – COVID-19 – to each continent, leaving deep disruption and monetary injury in its wake.

• But the relatively tepid Q2 gross sales are a priority and the longer term remains uncertain to many.
• What to Know About Importing Diamonds Into the U.S.U.S. Customs and Border Protection has released new steerage because the G7’s effort to restrict the circulation of Russian diamonds ramps up.
• Every yr, a few of the most beautiful pieces go up for public sale, and the…
• The diamond panorama is undergoing an unlimited shift currently as retailers and shoppers shuffle to find out the right place for…