Did we say changes? Or should we say fast changes!!

[diagem]

I just read this interesting article by Ben Janowski, which is speaking exactly on this interesting subject.

We should all be well aware that the diamond/gem and jewelry industry is not going back to what it was...
It’s moving forward at speeds we as a society never experienced before.
Such speeds that throws even our most experienced players into cold, wet waters.

I remember writing this a few years ago and this can never be more real than today!

“Small people with big ideas will prevail big people with small ideas”

Enjoy this Saturday short read: https://janosconsultants.blogspot.com/2019/07/a-series-part-1-what-does-future-look.html

 

[AV_]

It is going back fast - to long before 'before', when these things had use and meaning...

 

[Tekate]

My 39yr old niece is learning how to make jewelry at a jewelry store in Brooklyn NY, USA that sells the learners jewelry, plus what they make, the company is https://www.fitzgeraldjewelry.com/ I find your pointer interesting since my niece defines herself as a 'member of the gig economy workers'.. she has not had a 'real' job in years - she was really caught in the downturn with two degrees in Art History.

eta: she has a lot of money saved also to get by when gigs dry up for a while.

 

[diamondseeker2006]

It's sort of depressing. My husband and I both had secure jobs and pensions as well as 401ks. Our children likely will not have that security, other than the one who is a teacher (not great pay, but she has a pension and health insurance at retirement).

I guess it's a good thing I collect jewelry, because my children would be unlikely to buy such luxuries.

 

[AV_]

@Tekate @diamondseeker2006 I hadn't read the thing @diagem had posted when writing my one line of an answer, assumign it was in line with the recent threads on diamond pricing (fluorescence & pricing). Now I have!

I do not have that sense of the times - it is another culture, somewhat familiar. It is a miracle that anything at hand does make sense any time, any place & it is good.

 

[Rockdiamond]

So true Yoram.
There are still pockets of possibilities- but they are exponentially more limited than they were just a few years back.
I heard an interesting story on NPR that relates to this- about that after Amazon bought Whole Foods, Kroger stock plummetted.
Whole Foods was about 11% the size of Kroger at the time.
If Amazon even pursues the idea of entering into an industry, it can have a tremendous impact.
Interesting that Amazon has not taken any sort of aggressive position on diamonds and jewelry. They could easily buy up all the largest diamond companies and hardly notice the expenditure.
Maybe that should tell us something.....
Still- I do believe that the love of precious metals and stones is elemental to human nature. That's not going away- even though it evolves