{"id":39,"date":"2015-03-15T12:29:10","date_gmt":"2015-03-15T16:29:10","guid":{"rendered":"http:\/\/www.ndrdiamond.com\/blog\/?p=39"},"modified":"2015-03-19T09:24:38","modified_gmt":"2015-03-19T13:24:38","slug":"state-of-the-industry","status":"publish","type":"post","link":"https:\/\/www.ndrdiamond.com\/blog\/state-of-the-industry\/","title":{"rendered":"State of the Diamond Industry"},"content":{"rendered":"<p>In response to nonexistent profit levels and soft demand for diamonds, many of the largest Indian diamond companies appeared to recently change their marketing strategy. Realizing that the current system was all about the &#8220;lowest price&#8221; and that this was becoming destructive to their bottom line as well as the health of the diamond industry, these companies began listing their diamonds on Rapnet at the &#8220;list&#8221; price instead of at their discounted price. It was an attempt to revert back to market-making via personal communication as opposed to the cheapest price on a computer database.<\/p>\n<p>I believe this was an attempt to avert the ongoing race to the bottom in which everyone is a loser. I believe that this was a good move with regard to restoring the health of the diamond industry.<\/p>\n<p>Unfortunately Martin Rappaport felt it necessary to show the world that he is the only one with power to control the dynamics of the diamond market. And so he lowered his list prices to strike back.<\/p>\n<p>This is unfortunate. The market was starting to recover from the abyss of January and early February. I sensed that there was a healthier attitude and increasing demand. Now, by lowering the list, demand will again stagnate as buyers will be afraid of diamond price deflation which could become a self fulfilling prophecy.<\/p>\n<p>We, as diamond professionals, have an obligation to protect the integrity of our trade. Profit margins are senseless at all levels. More importantly, the appeal of diamonds in all aspects has been destroyed.<\/p>\n<p>I yearn for the days when there was a &#8220;diamond market&#8221;. At that time there was also a thriving market for diamonds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In response to nonexistent profit levels and soft demand for diamonds, many of the largest Indian diamond companies appeared to recently change their marketing strategy. Realizing that the current system was all about the &#8220;lowest price&#8221; and that this was becoming destructive to their bottom line as well as the health of the diamond industry, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.0.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>State of the Diamond Industry &ndash; N D Reiff Company - Blog<\/title>\n<link rel=\"canonical\" href=\"https:\/\/www.ndrdiamond.com\/blog\/state-of-the-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State of the Diamond Industry &ndash; N D Reiff Company - Blog\" \/>\n<meta property=\"og:description\" content=\"In response to nonexistent profit levels and soft demand for diamonds, many of the largest Indian diamond companies appeared to recently change their marketing strategy. Realizing that the current system was all about the &#8220;lowest price&#8221; and that this was becoming destructive to their bottom line as well as the health of the diamond industry, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ndrdiamond.com\/blog\/state-of-the-industry\/\" \/>\n<meta property=\"og:site_name\" content=\"N D Reiff Company - Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NDReiffCompany\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-15T16:29:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-03-19T13:24:38+00:00\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ndrdiamond.com\/blog\/#website\",\"url\":\"https:\/\/www.ndrdiamond.com\/blog\/\",\"name\":\"N D Reiff Company - Blog\",\"description\":\"A Place for Serious Diamond Discussion\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/www.ndrdiamond.com\/blog\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ndrdiamond.com\/blog\/state-of-the-industry\/#webpage\",\"url\":\"https:\/\/www.ndrdiamond.com\/blog\/state-of-the-industry\/\",\"name\":\"State of the Diamond Industry &ndash; N D Reiff Company - Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.ndrdiamond.com\/blog\/#website\"},\"datePublished\":\"2015-03-15T16:29:10+00:00\",\"dateModified\":\"2015-03-19T13:24:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.ndrdiamond.com\/blog\/#\/schema\/person\/1930bf609d766acf629ae47cbb1f25d5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.ndrdiamond.com\/blog\/state-of-the-industry\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ndrdiamond.com\/blog\/state-of-the-industry\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ndrdiamond.com\/blog\/state-of-the-industry\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ndrdiamond.com\/blog\/\",\"url\":\"https:\/\/www.ndrdiamond.com\/blog\/\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ndrdiamond.com\/blog\/state-of-the-industry\/\",\"url\":\"https:\/\/www.ndrdiamond.com\/blog\/state-of-the-industry\/\",\"name\":\"State of the Diamond Industry\"}}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ndrdiamond.com\/blog\/#\/schema\/person\/1930bf609d766acf629ae47cbb1f25d5\",\"name\":\"NDR\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.ndrdiamond.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2e5f456146f319f2c86d99c9f272debd?s=96&d=mm&r=g\",\"caption\":\"NDR\"},\"sameAs\":[\"http:\/\/www.ndrdiamond.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5WQK3-D","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":264,"url":"https:\/\/www.ndrdiamond.com\/blog\/insanity-of-the-diamond-industry\/","url_meta":{"origin":39,"position":0},"title":"Insanity of the Diamond Industry","date":"August 22, 2015","format":false,"excerpt":"Op-Ed: Insanity of the Diamond Industry By Neil Reiff \u00a0 Published: \u00a0\"RapNet - The Diamond Market\" - \u00a0August, 2015 Published: \u00a0\"World Diamond Magazine\" - \u00a0January, 2016 RAPAPORT... Veteran Philadelphia, Pennsylvania jeweler Neil Reiff last month published the following commentary on LinkedIn. With \u201cInsanity of the Diamond Industry\u201d, the president of\u2026","rel":"","context":"Similar post","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83,"url":"https:\/\/www.ndrdiamond.com\/blog\/lowest-price-gia-diamonds\/","url_meta":{"origin":39,"position":1},"title":"Lowest price - GIA certified diamonds.","date":"June 8, 2015","format":false,"excerpt":"Lowest Price - GIA Diamonds. Many internet shoppers are under the mistaken belief that buying a GIA certified diamond on the internet is similar to purchasing a flat screen TV. Simple, \u00a0You just find the model number that you want. Then you go to the internet and you buy it\u2026","rel":"","context":"In &quot;GIA Cert&quot;","img":{"alt_text":"Document (1)","src":"https:\/\/i0.wp.com\/www.ndrdiamond.com\/blog\/wp-content\/uploads\/2015\/06\/Document-1.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":334,"url":"https:\/\/www.ndrdiamond.com\/blog\/right-diamond-right-price\/","url_meta":{"origin":39,"position":2},"title":"The Right Diamond at the Right Price.","date":"October 23, 2017","format":false,"excerpt":"Since 1994, N D Reiff Company has used the tagline \"The Right Diamond at the Right Price\" in many of our promotional materials - whether it be a business card or in industry advertising materials. To me, this is not just a tagline for advertising purposes.\u00a0 It reflects a commitment\u2026","rel":"","context":"In &quot;Diamond&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24,"url":"https:\/\/www.ndrdiamond.com\/blog\/diamond-fluorescence-good-or-bad\/","url_meta":{"origin":39,"position":3},"title":"Diamond Fluorescence:  Good or Bad?","date":"March 13, 2015","format":false,"excerpt":"There is perhaps no characteristic of a diamond on which you will find more disagreement among diamond professionals than diamond Fluorescence. \u00a0For this reason, it is also a subject that causes much confusion among diamond professionals as well as consumers. Diamond florescence refers to the effects of ultraviolet light on\u2026","rel":"","context":"In &quot;Diamond&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":752,"url":"https:\/\/www.ndrdiamond.com\/blog\/si1-or-si2-graded-diamonds-the-right-choice-or-a-bad-choice-when-buying-a-diamond\/","url_meta":{"origin":39,"position":4},"title":"SI1 or SI2 Graded Diamonds - The RIGHT choice or a BAD choice when buying a Diamond?","date":"February 14, 2025","format":false,"excerpt":"For as long as I can remember in my 45+ years in the diamond and jewelry business, the most sought after diamonds in terms of GIA color and clarity grading has been \"SI\" (Slightly Included) quality diamonds. The reason for this is simply that a \"nice\" \u201cSI1\u201d or \u201cSI2\u201d clarity\u2026","rel":"","context":"In &quot;Diamond&quot;","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.ndrdiamond.com\/blog\/wp-content\/uploads\/2025\/02\/2.00-ISI2-16014.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":356,"url":"https:\/\/www.ndrdiamond.com\/blog\/truth-blue-nile-internet-diamonds\/","url_meta":{"origin":39,"position":5},"title":"The Truth about Blue Nile and Internet Diamond Companies.","date":"January 2, 2018","format":false,"excerpt":"There is no doubt within the jewelry industry that online sellers such as Blue Nile have revolutionized the ways that many consumers purchase their engagement diamond.\u00a0 Blue Nile, as well as a multitude of other online sellers, offers a virtual database of diamonds to internet shoppers at prices that were\u2026","rel":"","context":"In \"Blue Nile\"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.ndrdiamond.com\/blog\/wp-content\/uploads\/2015\/03\/1.70-CushionASISmall.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.ndrdiamond.com\/blog\/wp-json\/wp\/v2\/posts\/39"}],"collection":[{"href":"https:\/\/www.ndrdiamond.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ndrdiamond.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ndrdiamond.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ndrdiamond.com\/blog\/wp-json\/wp\/v2\/comments?post=39"}],"version-history":[{"count":3,"href":"https:\/\/www.ndrdiamond.com\/blog\/wp-json\/wp\/v2\/posts\/39\/revisions"}],"predecessor-version":[{"id":43,"href":"https:\/\/www.ndrdiamond.com\/blog\/wp-json\/wp\/v2\/posts\/39\/revisions\/43"}],"wp:attachment":[{"href":"https:\/\/www.ndrdiamond.com\/blog\/wp-json\/wp\/v2\/media?parent=39"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ndrdiamond.com\/blog\/wp-json\/wp\/v2\/categories?post=39"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ndrdiamond.com\/blog\/wp-json\/wp\/v2\/tags?post=39"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}