With pandemic-related restrictions confined to the previous, 2023 has – thus far – been a yr of optimistic expectation. Our data showed a double-digit y/y restoration in gold jewelry consumption in the course of the first half and, more just lately, festivals and major jewelry trade occasions have introduced vitality again to the sector. But the comparatively tepid Q2 sales are a concern and the long run remains uncertain to many. Our survey goals to offer insights on latest tendencies to native Jewelery News retailers seeking to define their strategic business plans and help shape a better future for the business. Mass-appeal gold jewellery products have been and are likely to remain a key component of most retailer inventories. After all, traditional shoppers make up a big proportion of China’s gold jewellery market – and whether their motivation is buying for good luck or funding functions, they prefer easy merchandise with reasonable labour charges.
- A shift from the unorganised and small shops to organised and huge format shops, reinforced by stringent government regulations, has led to important market share positive aspects for gamers like Thangamayil Jewellery.
- 10 TIPS FOR SELLING ONLINE 1.Make it clear who you’re to your customers.
- The International Gemological Institute , the world’s largest impartial gemological laboratory, has been on the forefront of offering correct and…
- That is, more and more, luxurious brands in one category are expanding their product providing into watches and jewellery, thereby making it tougher to clearly define the brand.
