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

U.S. Jewelry Store Sales +8%, Department Store Revenue Falls

24 december 2012

U.S. jewelry store sales rose a healthy 8.3 percent year on year for the month of October to $2.176 billion, while jewelry price inflation fell 1.3 percent, according to the government's calculations, Rapaport reported. Jewelry store sales have improved 4 percent year on year to $21.888 billion for the first 10 months of the year and consumer price inflation (CPI) for jewelry has held close to 2 percent.
Meanwhile, for the month of November, which kicked off Christmas-season spending in the U.S., department store sales fell 0.9 percent year on year to $18.079 billion. U.S. retail and food services sales for November, adjusted for seasonal variation but not for price changes, rose 3.7 percent year on year to $412.4 billion. Retail trade sales increase 3.4 percent in November. Nonstore retailers experienced an 11.1 percent jump in sales compared with November 2011.
According to the National Retail Federation (NRF), November retail sales, excluding automobiles, gas stations and restaurants, increased 4.4 percent unadjusted year-over-year. The NRF is expecting Christmas-season retail sales to grow 4.1 percent year on year for the months of November and December combined.
 “A successful Thanksgiving weekend for retailers and diminishing impacts in the Northeast due to Hurricane Sandy put retail sales back on track in November after tepid results in October,” said NRF's president, Matthew Shay. “Though negotiations in Washington over the fiscal cliff could effect consumer confidence and spending in December, overall we are optimistic we’ll see solid sales growth this holiday season.”
The NRF's chief economist, Jack Kleinhenz, added that stable employment rates, lower gasoline prices and a recovering housing market all contributed to an increase in retail sales.
Clothing and clothing accessories stores' sales rose 8.8 percent unadjusted year-over-year, while electronics and appliance stores’ sales increased only 0.2 percent, according to the NRF. Furniture and home furnishing stores’ sales jumped 6.5 percent in November, however, general merchandise stores’ sales decreased 1.1 percent.