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

Precious Jewelry Sales to Top $79 Billion in 2013 - Equity Communication

20 january 2014

Temporary boost in sales of fine jewelry to continue for another two years thanks to a rebound in weddings but consumption of jewelry to decline in the long term.
U.S Sales of jewelry and watches expected to reach $79 billion in 2013, according to a new report - State of the Core Market for Jewelry - published to Diamond Shades by Equity Communications. Young adults in America had pushed back plans for marriage as they struggled to navigate a rough economic environment after the recession. Historically, the marriage rate of Americans drops whenever consumers have to navigate economic uncertainty. Now that conditions in the domestic economy and labor markets are getting better as we move further away from the recession, it gives young adults the confidence to go ahead with planned or postponed engagements and weddings.
Continued gradual improvement of the US economy is good for sales of fine jewelry.
According to forecast by Jewelry Industry Research Institute (JIRI) a total of 2.2 million weddings to take place in USA in 2014, posing 2% growth over the previous year. Around two thirds of brides to wear diamond rings, therefore about 1.65 million bridal rings to be purchased this year.
According to the review of current jewellery market trends released by Equity Communications the market will see 4-8% annual growth within the next 5 years.

Olga Patseva, Editor in Chief of the American Bureau, Rough&Polished