Jewellery News, Products, Trends & Trade Information

As a lot because the industry may hope that jewellery sales continue to grow at its present heady tempo, historical past and customary sense argue in any other case. Louvre Abu Dhabi Adds Regional Treasures to a Cartier ShowThe exhibition, first staged in Paris, now has items from the al-Sabah and al-Thani collections. Cartoon Figures Give These Necklaces a Bit of a TwistIrini Arakas has revived her Prova brand with a set of whimsical jewellery. One of Salvatore Ferragamo’s granddaughters elevates discarded steel into one-of-a-kind items of jewellery.

South Africa’s first and only, devoted, online consumer-retail journal. ICICI Direct is bullish on Kalyan Jewellers India beneficial buy rating on the stock with a target price of Rs 220 in its research report dated Augus… As one of many highlight occasions this yr, the twenty third Hong Kong Jewellery Design Competition award presentation ceremony was held on the opening day of the exhibits. The winning pieces – all locally designed and of outstanding craftmanship – are on show at the Hall 3FG Concourse of the fairground for the appreciation of visitors and exhibitors. The Hong Kong Special Administrative Region Government has removed restrictions on journey between Hong Kong and Mainland China and lifted vaccination requirements for abroad guests to the town. The strikes will boost world commerce between Hong Kong, Mainland China and the world at massive.

Gold prices had been little changed on Tuesday, as traders cautioned to take place forward of rate of interest decisions from a number of central banks and a slew of economic data in the United States. Saturday’s assault has sparked contemporary concern about geopolitical risks amongst traders just when global monetary markets were already grappling with the impression of high-interest charges and the slowdown in China’s financial system. Oil surged greater than 5% while US fairness futures dropped in Asia trading, as the risk of the conflict escalating throughout the Middle East area stays acute. Chinese diamond demand weak ahead of Lunar New Year, with shoppers turning to lower-cost pearls and gemstones. Australian jewellery retailer Michael Hill International has wound back the clock to the origins of the enterprise with the launch of a new marketing marketing campaign. Advertisers across a big selection of industries, together with FMCG, retail, e-commerce, auto and real property, are more likely to increase their advert expenditure to capitalise on pent-up demand amongst shoppers through the festive season, they mentioned.

So more weddings mean more new couples getting married and extra bridal jewellery sales down the street. “What matters is how customers are shopping, how are we acquiring them and the way are they moving via our buy funnel,” she added. In North America, average transaction worth was up more than 15% and in-store conversion up almost 20% in comparability with two years ago.

  • Titan Company on Friday reported an almost 10% year-on-year rise in web profit for the quarter ended September 2023 to Rs 940 crore.
  • Consolidated revenue from operations jumped 35.7% to Rs 4376 crore in Q1 in opposition to Rs 3333 crore in the corresponding period of the previous fiscal.
  • However, the funds were, at the time of publication, because of expire on 27 September.
  • Among the 50 components within the Nifty index, 27 shares have been buying and selling within the green, while 22 have been in the red.

Unauthorized distribution, transmission or republication strictly prohibited. Your weekday lunchtime roundup of curated links, news highlights, evaluation and features. Founded in 2010, Canadian model Ecksand Jewelry offers made-in-Canada nice jewellery with a sustainable spin. Bobby Cundick, 31, was confronted by his mother Kelly Healy in May last yr after she seen items of jewelry were missing from her bedroom at her Cwmbran residence. The defendant had been dwelling along with her since 2022 following the breakdown of his relationship.

Thus, promoting the proper product to the proper client under the right buying event is prone to reap larger reward for the retailer. Overall, survey outcomes paint an optimistic picture China’s gold jewellery demand through the next 1-2 years. Prosecutor Andrew Davies mentioned they have been in a position to recuperate two rings but the rest of the items have not been recovered.

India’s diamond business plans to scale back its financial institution financing requirements by a third, concentrating on $4 billion for the current fiscal year, down from $6 billion in FY23. Traders are focusing on clearing existing inventory rather than accumulating extra, which would necessitate further borrowing. “Natural diamond jewellery sales had been up 5.1% by units and four.7% by income in November, when vacation purchases picked up within the US. Loose diamond unit gross sales rose 16% in November on a year-on-year foundation,” said Vipul Shah, chairman of the Gem & Jewellery Export Promotion Council . Jewellery and watch trade business news, perception and releases, from UK, Europe and around the world. Find out what’s happening in retail jewellery, jewellery manufacturing and up coming events.

While the artistic designs of those merchandise attracted shopper attention, their profitable margins additionally motivated the gross sales efforts of jewellery retailers. In South Korea, annual gold jewelry demand was down 18%, taking 2022 jewellery consumption to 15t. Jewellery demand lost momentum as consumers cut back on luxuries in an setting of deteriorating family incomes and elevated debt. Vietnam led the way with a 51% enhance, taking annual demand to a four-year excessive of 18t. Several elements Jewelery News had an impression, including a slight drop in local gold prices in Q4; rising earnings levels as wage cuts were restored; and strengthening client confidence on the back of sturdy GDP growth. Goyal said massive investments are being made to create a world-class infrastructure, including the 20-acre India Jewellery Park in Navi Mumbai and a typical facility centre in SEEPZ Mumbai with modern equipment and equipment.