More people are buying diamonds for themselves as global sales bounce back

Shoppers are increasingly treating themselves to diamond jewellery, rather than buying it for others – helping push the global market back into growth.

Worldwide diamond sales hit $80bn (£62bn) in 2016, according to industry leader De Beers, reversing a dip the year before when demand from China and India slumped.

Global sales were bolstered by rising demand in the US, the world’s biggest diamond market, which accounts for 50pc of all polished stones.

Stephen Lussier, marketing director of De Beers, said that one-third of all sales in the US were now down to “self-purchase”, up from around a quarter before 2008.

“Gift-giving is still the foundation of sales, but there is a trend of economically empowered women buying diamond jewellery for themselves,” Mr Lussier said.

This is split across younger, “millennial” shoppers – those born after 1980 – and married women, according to De Beers.

jewellers
US diamond retail sales recorded their fifth straight year of growth

The increasing popularity of designer jewellery, such as “stackable” diamond rings, was also driving self-purchase, Mr Lussier added. “It’s very hard for men to buy design-oriented jewellery because we get it wrong. We can buy the classical cuts but women are more particular about designer jewellery.”

Diamond jewellery sales in India slumped 8.8pc last year after the local market was hit by a six-week jewellers’ strike and a surprise demonisation programme launched by the government.

The removal of high-denomination banknotes in a crackdown on the black market rocked the local diamond industry, which is largely cash driven. Although India only accounts for 6pc of global retail sales, it is responsible for around 90pc of the world’s diamond cutting and polishing.

Mr Lussier said the world diamond market was looking “pretty steady” this year, with India bouncing back more quickly than expected, and sales rising in China.

One in 10 brand new cars has to go back to the garage for repairs in the first year – but what’s the most reliable motor you can buy?

HUNDREDS of thousands of new car buyers are having to return cars to their dealer with problems, a study has found.

Electrical gripes, engine woes and rattling interior trim are leaving owners frustrated with their brand new motors.

Jaguar XF

2
Almost a third of owners reported problems in the first year with their Jaguar XF

Driver Power, the UK’s biggest car satisfaction survey, found 12 per cent of owners said their car had gone wrong within the first 12 months.

And with a record-setting 2.69million vehicles registered in 2016, it could mean more than 300,000 have already developed faults and needed repairs.

Figures from the Driver Power study – which quizzed drivers on cars aged between two and 12 months – show the Jaguar XF was the car with the most issues.

Cars with most recorded faults in the first year

  1. Jaguar XF: 31%
  2. Jaguar XE: 27%
  3. Land Rover Discovery Sport: 25%
  4. Range Rover Evoque: 24%
  5. Nissan X-Trail: 22%
  6. Skoda Superb: 21%
  7. Nissan Pulsar: 21%
  8. Subaru Forester: 20%
  9. Citroen C4 Cactus: 20%
  10. Subaru Outback: 20%

A third of owners (31 per cent) said their car failed in the first year.

And there was more bad news for British makers, too, with the Jaguar XE the next worst following by the Land Rover Discovery Sport – more than a quarter of owners reported problems with both.

The car deemed most reliable over long-term ownership was the Toyota RAV4.

Top 10 most reliable cars

  1. Toyota RAV4
  2. Skoda Yeti
  3. Audi Q3
  4. SEAT Leon
  5. Lexus RX
  6. Kia Cee’d
  7. Lexus CT
  8. Suzuki Vitara
  9. Lexus NX
  10. Volvo XC60

Dodgy reliability of new vehicles is supported by the record number of contacts The Motor Ombudsman has received for its dispute resolution service.

In the first four months of 2017, it saw a 45 per cent rise in disgruntled customers get in touch compared to 2016.

And the top reason for an owner to contact The Motor Ombudsman related to the quality of the vehicle at the time of purchase.

Holly McAllister, head of customer service and quality at The Motor Ombudsman, said: “Case volumes as a proportion of contacts remain low which demonstrates the great efforts that all parties are going to in order to resolve any disagreements before needing formal adjudication which is very encouraging for all involved.”

Land Rover Discovery Sport

2
A quarter of Land Rover Discovery Sport owners had early issues

iPhone 8 Front and Back Panel Leaked Images Reveal Bezel-Less Design

HIGHLIGHTS

  • iPhone 8 is tipped to have a glass back
  • The front display is expected to be edge-to-edge
  • The fingerprint sensor is tipped to be underneath the display

iPhone 8 renders have been leaked on multiple occasions, but now the device’s individual parts are now cropping up online. These arrive just at the time when mass production of the iPhone 8 has reportedly begun. The latest iPhone 8 leaks show us the front and back panel, the camera ring at the back, and even the metal frame of the upcoming Apple flagship.

iPhone 8 Front and Back Panel Leaked Images Reveal Bezel-Less Design

A Reddit user named Kamikasky has posted front and back panel images of the iPhone 8, showing design iterations. He claims to have gotten hold of these from an industry source, who got it from the Chinese manufacturers directly. The leak shows that the iPhone 8 has a glass back, with the Apple logo and the vertical dual camera setup at the back. There is no cut out for the fingerprint scanner on the back panel, fortunately. The camera ring has also been leaked, and it shows places for two sensors, with the flash sitting in between the two.

At the front, there is no cut-out for a Home Button either, pretty much cementing the rumours that the iPhone 8 fingerprint sensor will be embedded into the display. Apart from the upper lip bezel for the front camera, speaker, and sensors, the bezels on the remaining three sides have been pushed back to give the front panel a nearly bezel-less look. The tipster has also leaked images of the iPhone 7s and iPhone 7s Plus back covers, showing glass frames, indicating that wireless charging is coming to all three iPhones.

iphone8 main11 iPhone 8

Photo Credit: Reddit/Kamikasy

Separately, the iPhone 8 metal frame has been leaked by SlashLeaks as well, giving us an idea of how the components will be placed inside the phone. The frame is compared alongside the iPhone 6 case as well, indicating that the iPhone 8 will be a little taller and wider than the older variant. Apart from this, there is little else that the frame reveals.

iphone8 main111 iPhone 8

Photo Credit: SlashLeaks

The iPhone 8 is also expected to be powered by the A11 chip, feature an OLED panel, have a 3D front camera, and sport some AR features as well. While some report of a delay in launch, some reports claim that the iPhone 8 is on schedule and will launch in September.