Exploring the jewelry industry.
5 min
- The jewelry industry is complex, with pricing influenced by raw materials, design, and craftsmanship. - A significant portion of jewelry remains unworn, contributing to a vast market for second-hand pieces. - Diamonds, while strong, are not as abundant as marketed, challenging the notion that they are "forever."
1. Aspiring Jewelry Designers 2. Engagement and Wedding Planners 3. Eco-conscious Consumers
When you think of jewelry, you immediately think about bling blings around any influencers’ neck.
Well it’s that and thousands of things we don’t actually need but buy for our own comfort.
In this memo, I’ll give you everything I know about the industry so that once you decide to propose to your better half, you think twice about what jewelry should you buy.
Natural gems
Opaque pricing
Generally, when you speak about pricing a jewelry, it’s hard to guess even an AI is not capable to predict a jewelry or gemstones pricing a T equals zero. Other than the fact that you need to count the rough material that you put into your jewelry, and you calculate the design done by the major house or designer, and you need to understand the manufacturing heritage and story behind the jewelry design.
Second hand jewelry
The unworn jewelry are estimated to be 92% of the global jewelry production. That means that most jewelry are still shelved and not adored by the eye. So, for the second hand jewelry, the market is vast and auction houses dont hesitate to double down on that FOMO.
Synthetics
Diamonds are created through natural processes that takes billions or years and immense energy to produce.
Diamonds are not forever
Diamonds are not forever yes, that’s the marketing bullshit that you’ve all thought is true the amount of diamonds we naturally find earth score is not unlimited, and that’s the true fact the diamonds are not even forever. Indeed, diamonds are the strongest materials on earth, but does it make it forever?