Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Yesterday

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

FTI Consulting: American consumers’ spending may fall these holidays

25 december 2020
news_25122020_fti.png
Image credit: FTI Consulting

FTI Consulting, one of the world's largest business advisory firms conducted a market survey in the United States ahead of New Year's Eve and came to a conclusion that American consumers may spend less by 4% this holiday season compared with last year.
Polled by the firm, 33 percent of respondents said they intended to significantly cut their spending this year, 32 percent said they would spend the same and only 15 percent were willing to fork out.
Meanwhile, 80 percent of those surveyed said they intended to resort to online shopping more often than last year, pointing to the lower prices and free shipping, which, according to FTI Consulting, may indicate future growth in online sales.
The survey also said that large-scale shopping events such as Black Friday and Cyber Monday turned to be less important to consumers as the latter seek greater discounts.
However, it should be noted that the holiday sales forecasts made by companies and organizations that study the US market, sometimes differ. Thus, the International Council of Shopping Centers (ICSC) predicted a 1.9% increase in holiday sales, while the National Retail Federation (NRF) opined that holiday sales could grow from 3.6% to 5.2%.

Vladimir Malakhov, Rough&Polished