S.Africa's diamond polishers look to lockdown lovers
South Africa's diamond industry is famed all over the world.
But even before people were locked down at home, prices were already weakening - as was demand.
Anglo American's De Beers unit last week reported a plunge in earnings.
But some of the smaller South African players who polish the rough diamonds that De Beers and other miners unearth say they've been pleasantly surprised by the extent of local lockdown jewellery-buying.
Enforced proximity is apparently kindling romance and feel-good spending.
Kealeboga Pule's cutting and polishing firm, Nungu Diamonds, said its custom-made jewellery sales have grown 60%, since South Africa imposed a strict lockdown in March.
"Where I'm specifically passionate is in seeing South Africans and Africans consuming these diamonds. It's one thing to go all over the world and telling people what they know, they know our diamonds are amazing, it's another altogether to educate our local South Africans and Africans to say, 'begin to enjoy them and also learn they're value' because they are a store of wealth."
Customers have been using their time at home for online consultations - and lining up their purchases for when stores reopened in June.
That turned out to be the Nungu's best month for a year.
Jewellery prices also held steady, allowing the company to employ a new in-house jewellery designer.
There's still scope for improvement for others.
Lower global demand has depressed the prices of uncut, unpolished rough stones bought from mines.
That's bad news for suppliers like Thoko Diamonds.
In a typical year the family firm would ordinarily supply more than 500 carats.
So far this year, it has sold fewer than 20 - and profits have fallen 65% as exports dried up.
It's now turned to jewellery-making to boost its profits hoping its new line in finished earrings will appeal to the local market.
相關影片推薦
- 1:58中國珠海體育場「汽車無差別撞人」35死43傷震驚社會 民眾獻花哀悼 習近平親自指示嚴懲Yahoo奇摩(國際通)18,203 次觀看・5 小時前
- 58:02國台辦批和平之鹿譁眾取寵 羅文嘉指:對比軍機繞台展現不同文明素養 批陳玉珍提金門自貿區是繼香港後一國兩制示範區!【齊有此理】齊有此理88,914 次觀看・8 小時前
- 5:26揭!鍾小平:柯文哲收現金是習慣!早在10年前就學壞了!民視影音114,402 次觀看・21 小時前
- 1:45搶黃燈釀憾事!機車撞左轉廂型車 騎士不治TVBS新聞網影音338,746 次觀看・1 天前
- 1:07柯文哲羈押「為何剃光頭」? 律師曝「2可能原因」這樣說民視影音30,302 次觀看・5 小時前
- 1:51在地人才知道! 東港深夜食堂"生魚片平均一片8元"民視影音26,789 次觀看・2 天前
- 1:58母女肉燥飯有家的味道 阿嬤醍醐味變生財工具東森新聞影音2,633 次觀看・3 天前
- 1:49買了牛排賣場''代客現煎" 竟排起人龍要"試吃"民視影音7,640 次觀看・22 小時前
- 0:47轎車國道誇張逆向 擦撞不停多車急閃避東森新聞影音27,152 次觀看・1 天前
- 0:36陳時中爆美女餐敘!女醫師「當天也在場」發聲了民視影音18,759 次觀看・6 小時前
熱門必看
- 13:15【Super Junior-M復刻系列】台灣long stay之團員告別台灣 EP12Yahoo奇摩娛樂 電視影音70,559 次觀看・6 天前
- 14:07【Super Junior-M復刻系列】周覓xHenry 分享喜愛音樂和在台生活點滴照片 EP11Yahoo奇摩娛樂 電視影音41,414 次觀看・6 天前
- 9:03【Super Junior-M復刻系列】周覓xHenry 挑戰互換穿搭風格 EP10Yahoo奇摩娛樂 電視影音30,286 次觀看・6 天前
- 14:55【Super Junior-M復刻系列】晟敏x厲旭 晟敏教唱《可惜不是你》 EP09Yahoo奇摩娛樂 電視影音25,626 次觀看・6 天前
- 21:41【Super Junior-M復刻系列】晟敏x厲旭 厲旭教中文 EP08Yahoo奇摩娛樂 電視影音22,153 次觀看・6 天前