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

U.S. Jewelry Store Sales +19% to Nearly $3B

24 april 2012

Jewelry store sales in February 2012 rose 18.7 percent year on year to $2.69 billion, according to the government's calculations, cited by Rapaport. For the first two months of the year, jewelry store sales have increased 13 percent year on year to $4.42 billion. Meanwhile, the index for consumer jewelry price inflation in January was at a record high, reflecting price increases of 8 percent from one year earlier, and the index rose 6 percent in February.
In other retail news, the government reported that advanced estimates of sales from department stores during March rose 3.7 percent year on year to $14.72 billion. Retail trade sales rose 6.5 percent from one year earlier.
Overall, the advance estimate for retail and food sales, excluding automobiles,  in March rose 7.2 percent year on year to $341.97 billion.
In its own report, the National Retail Federation (NRF) determined that an early Easter (April 8) helped to boost retail sales in March.
''Consumers have demonstrated the desire and ability to spend on discretionary items, further helping to spur economic and retail sales growth in the first quarter of 2012,'' said NRF's president Matthew Shay. “While retailers will wait until the end of April to gauge the success of the spring shopping season, it’s evident that consumers are holding their own against rising gas prices and other economic concerns.''
The NRF noted that building materials, garden equipment, clothing and accessories surged more than 12 percent in March on an unadjusted basis, while furniture and home furnishings stores sales increased 7.9 percent.
The moderated rate of growth in retail will help to offset ''murkier recent economic employment data,'' concluded NRF's chief economist, Jack Kleinhenz. ''We expect to see gains through the all-important summer months, but job and weak income growth coupled with stubbornly high gas costs will continue to force consumers to make tough, price-sensitive choices.''