GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Expert: sales of luxury brands will grow if the owners follow the right policy

29 april 2020

Daniel Langer, a consultant to some of the world's leading luxury brands, says that luxury items sector is more sustainable than others even though people spend less on luxury items during and after the crisis, as per Diamond Loupe. 

Image credit: shevacreations (Pixabay)

According to the survey on the impact of crises and recessions on luxury spending carried out by Langer, the exceptional value or so called “value added on luxury” plays a vey important role and luxury brands are becoming more important to consumers. This is confirmed by recent reports of record one-day sales at the Guangzhou Hermès flagship store, a 50 percent increase in sales from LVMH in mainland China, and a 40 percent increase in luxury cruise bookings compared to 2019.
Langer says, that luxury brands have recovered faster and have surpassed non-luxury segments. The expert predicts that the same trends will be observed until the end of 2020 and in 2021, when global markets begin to recover.
According to mass media, 2019 was positive to luxury brands with billions of dollars spent by millennials. They are not afraid to add expensive name brands to their shop lists, and the luxury market has made sure to carry over this trend in the next few years.

Alex Shishlo, Editor of the Rough&Polished European Bureau