People Are Interested To Spend More On Traveling Instead Of Investing On Diamonds: Prices Fall

Oct 4, 2023

Last Updated on: Sep 18, 2024

News

The prices of rug diamonds have dipped as consumer behavior changed in the post-pandemic era. Based on the CNN report of CNN, people are shying away from investing in such luxury items. The Zimnisky index reports said the prices have reached their lowest point in many years.

According to industry analysts, diamond prices are changed in terms of customers’ preferences who prioritize experiences such as traveling over luxury goods and dining out. A diamond analyst, Paul Zimnisky, said that consumers had extra spending during the pandemic since expenditure on traveling and dining was considerably low.

Another diamond analyst, Edahn Golan, said diamonds are a consumer-driven market. He stated in an interview, “Shopper demand for diamond jewelry influences rough diamond prices and, to an extent, retail prices. Retailers stoke consumer demand by pouring hundreds of millions of dollars into advertising.” The sales rate of diamonds is expected to see the final jump during the winter holidays, and it will be in early 2024. There will be many holidays in this period, including Valentine’s Day and Christmas. Retailers don’t know how to adjust in-store prices based on the rough diamond market in the short term.

Learn More About:

  • How To Save Money On Your Next Trip?
  • Olight Warrior Mini 2 Edc Tactical Light

Share on Social Media

Susmita Sen has started his journey in the Digital Marketing field. She has more than 1 year of experience in SEO. She likes to share her thoughts for the Website’s achievement goal. She is so passionate about bright career in this ways. Susmita has interest about travelling, cooking in various dishes, reading books about human psychology, and listening to music.

Leave a Reply

Your email address will not be published. Required fields are marked *

title-img Related

READ MORE Skift Global Forum East 2023 Takes Off in Dubai

Future of Travel, Skift Global Forum East 2023, Takes Off in Dubai!

BY Ankita TripathyDec 11, 2023

Get ready for the much-anticipated SGFE (Skift Global Forum East). It is the ultimate travel conference by Skift. This year, it joins forces with the annual summit of Dubai Tourism organized by the DET (the Department of Economy and Tourism). Save the dates – December 12-14, 2023, at the luxurious Atlantis The Royal. Forget about the things to do in Dubai. This three-part extravaganza includes the Skift Global Forum East, a MENA extension of the renowned Skift Global Forum. Brace yourself for deep dives into the future of travel, exploring innovations in marketing, strategy, and technology. Meanwhile, DET's bi-annual 'City Briefing' is the pulse of industry stakeholders coming together to share ideas and strategies. The Dubai Tourism Summit, born during last year's Skift Global Forum East, is a world-class thought leadership program for networking among industry stakeholders. The 'City Briefing' event gathers DET’s aviation, travel, hospitality, and retail partners to discuss the latest industry developments. Expect a powerhouse lineup at Skift Global Forum East 2023, featuring CEOs, thought leaders, and innovators from Dubai Department of Economy and Tourism, Global Hotel Alliance, Dubai Airports, Emirates, Google, Accor, Emaar Hospitality Group, and more. Dive into discussions covering the future of travel, challenges of air capacity, post-pandemic trends for Chinese travelers, destination marketing through filmmaking, and the role of AI in shaping travel's future – with a focus on the dynamic Middle East region. Be part of conversations on global consumer shifts, building destination capacity, demographic trends, sustainability, and macroeconomic impacts on the industry. The Forum starts with a dazzling opening night reception at Cloud 22, Atlantis The Royal, on December 12, 2023 – an opportunity for networking and connecting with industry leaders. Ready to join the conversation? Register for detailed event information at https://live.skift.com/skift-global-forum-east-2023, the official Skift Global Forum East 2023 site. Don't miss this chance to be at the forefront of the travel industry's future. Read Also: Crime Rate In Florida Trending Down While California Skyrockets: Report Earthquake Of 6.9 Magnitude Leaves Philippines Jolted- 3rd Jolt In 2 Days Thailand Becomes Most Preferred Destination For Tourists: Agoda Reports

READ MORE Juneau's Mendenhall Glacier Recreation Area

Juneau’s Mendenhall Glacier Recreation Area Is Expecting Big Changes

BY Abdul Aziz MondalDec 20, 2023

With nearly a decade passed, the U.S. Forest Service has finally made a decision to overhaul Juneau's Mendenhall Glacier Recreation Area. The project has provoked hundreds and thousands of public comments from the Juneau community over the years. Alexandra Pierce, the city's tourism manager, says, “I like to see a plan that’s well managed and that listens to residents’ concerns. People didn’t want to see motorized boats on the lake and additional visitor center facilities and the Forest Service listens to the public on that, which is a positive thing.” The newly finalized plans include a new welcome center and other improvements to the old one. The plan is also set to increase parking, expand the trail systems, add an amphitheater and new public-use cabins. The glacier is one of the most visited tourist attractions. Forest service officials say the improvements will be helping in the management of the pressure with Juneau's rapid growth in cruise ship tourism that has increased in the recent years. When the visitor center was established in the 1960s, the area saw 23,000 visitors annually. Currently, about 700,000 visitors come to the glacier every year. The Forest Service is estimating that by 2050 this number could reach a million. But with more visitors the glacier has been moving away and even more so due to climate change. In a few decades the glacier will not likely be visible to the current visitor center at all. Pierce said that listening to the concerns of the people about overcrowding while also being aware that the tourism sector is an ever-growing field makes managing the area a constant balancing act. Pierce said, “I do think that’s a difficult puzzle for the Forest Service to try to solve. I think we’re all concerned about the receding glacier and what that means for the visitor experience in our community.” Read Also: Celebrations Have Begun At Oaga, Art Resort, Maldives: Report Kenya Is Targeting 5.5M Tourist Arrivals By 2028 Burger King Is Giving Away Free Food All Month

READ MORE Best Restaurants In The US

10 Best Restaurants In The US

BY Abdul Aziz MondalOct 14, 2023

Restaurants make any place light up with energy and good vibes. They help upscale a neighborhood. Food joints highlight the native cuisine and community. The best restaurants around the country give their all in bringing a perfect lineup of hospitality, food, hygiene, and architecture. Here are the top 10 restaurants that you can visit for any occasion, ranging from solo dinners to family outings to romantic restaurant dates. Perilla LA “Excellent food, atmosphere and service. My friends and I enjoyed a wonderful Korean pancake, a chef Waygu tasting plate for each person, potato's, and the grilled egg plant (the star dish of the evening). We also enjoyed some cocktails that our waitor Arden suggested which paired perfectly with the meal.” - maxamil432 https://twitter.com/SERCatalunya/status/1663924210450808832?s=20 Noodle In A Haystack “All dishes were fantastic! Best chawanmushi and ramen I've had by far! Atmosphere is also very nice, great music, intimate setting, courses came out promptly. The chefs and Pearl were so inviting, informative, and are very genuine people! My husband and I had a great time here and would definitely recommend!” - Monica M. https://twitter.com/tablehopper/status/1522001720552742912?s=20 Maty’s “This is a Peruvian Restaurant, very well located. With diverse plates oriented on oriental food with international touch. The attention its very good and the food... No comments. Great and delicious. Is a place to enjoy with friends or family.” - Joseodalisortiz https://twitter.com/TheWhetPalette/status/1700931551301668928?s=20 Molotov Kitchen + Cocktails “Exceptional food, nice ambiance. Lovely service. We were so sad to see To The Wind close after so many years. (It was beyond terrific.) But Molotov is carrying the torch! Really one of the few truly good places to dine in Denver.” - C R. https://twitter.com/cheryltiu/status/1635382755994509312?s=20 Prik Hom “ This tiny restaurant is away from the usual tourist trail in Patong. Located in a Teak House on Nanoi Rd it's a little hard to find - well worth the effort. The restaurant seats around 12 people. For a small place there's lots to choose from on the menu. The salty stir fried pork is delicious, as is the fried rice. Delicious food prepared to order. This isn't a fast food place, so be prepared to sit and relax with a drink while your meal is cooked - it's worth the wait.” - JocelynC885 https://twitter.com/HungryOnionSF/status/1629616622313848833?s=20 Quarter Sheets “Ok yes this placed lives up to the hype. The wait may be long but it is so worth it. The Bianca was definitely a crowd favorite and the crust is so perfectly salty and crispy. Will be coming back soon!” - Archeta R. https://twitter.com/Gennefer/status/1568459081299673101?s=20 La Diabla Pozole Y Mezcal “Our friends and ourselves had a fantastic late lunch there today. From the Pozole to the ceviche to the guacamole, the tacos and the Margarites, everything was EXCELLENT! The service was fast and friendly and the prices were very reasonable.” - Dan07030 https://twitter.com/GovofCO/status/1697369092598948016?s=20 In Bocca Al Lupo “We were very delighted with all the experience. The food was so delicious and well presented that we ate four times here, in the evening, on a very nice atmosphere. The prices are affordable, we spent around 50 euros on two mains (lamb and ravioli), a memorable desert and two drinks (a glass of sangria and a martini). Thank you for the lovely gourmet experience!” - Mihaela A https://twitter.com/thesilverbow/status/1679504504172040199?s=20 Yess “LA's most under rated restaurant. Chef Junya Yamasaki is a master of his craft, serving a one of a kind dining experience. I've been here three times, and every single time the menu has been different, crafted around seasonal ingredients and his catch of the week.” - Menooa Z. https://twitter.com/F2Consort/status/1334412726764888065?s=20 Ore Hill “Very unique restaurant... really different menu, but something for everyone. We wanted pizza...it was great! The location is great. Outside atmosphere is really nice. Great, friendly staff” - Kim Z https://twitter.com/insider_ct/status/1704176431675195804?s=20 Keep Reading: National Taco Day: How To Celebrate If You Are From Chicago Maldives And Bora Bora Among Top 10 Tourists Spots In The World