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Gem & Jewelry Activities 2020
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GIT Information Center
Thailand Gem and Jewelry Import-Export Performance January-November 2020
Thailand’s gem and jewelry import value of January to November 2020 was at USD 7,454.53 million, a 34.85 percent slide, compared to the same period of last year. While Thailand’s gem and jewelry export value from January to November 2020 was at USD 17,548.80 million, a 17.24 percent rise compared to the value of USD 14,968.31 million of the same period of the previous year.
GIT Information Center
Thailand Gem and Jewelry Import-Export Performance January-October 2020
Thailand’s gem and jewelry import value of January-October 2020 was at USD 5,636.08 million (THB 176,714.61 million), a 44.69 percent slump (a 45.08 percent in Thai baht) compared to the same period of the previous year. However, the import in October declined by 17.85 percent compared to that of September 2020. Thailand’s import of unwrought or semi-finished gold, the key product with a share of around 43 percent, slid 44.68 percent. The import of colored stone also went down by 14.96 percent. The products with growth in import value were diamond, fine jewelry, and silver.
GIT Information Center
Gem & Jewelry Business Earnestly Adapts for Sustainable Development
As the world is inclined to face different crises regarding society, environment and morality, which will inflict economy and people’s living in general, there has been demand for more transparency and social and environmental responsibility in business operation. Business corporates in different industries including gem and jewelry have to readjust to meet the demand of consumers by operating with ethics and being responsible to society and environment. The alteration will build brands and companies’ good images in consumers’ mind. This will eventually lead to a well-balanced progress for economy, society and environment, which can be called a sustainable development.
GIT Information Center
Online World & Gem and Jewelry Business in the New Normal Era
There is no question that the COVID-19 pandemic has brought about the new normal in way of living, for instance, working from home has become a usual thing and more activities have been carried out through digital domains. Since consumers’ behaviors have changed, adjustments are necessary for business sectors. Many businesses have shifted to online trading or e-commerce. Gem and jewelry businesses have also held virtual events instead of physical events and/or sold products through live streaming. It has been expected that such changes will remain despite the end of the pandemic.
GIT Information Center
Post-COVID World and the New Normal of Gem and Jewelry Business
Since the beginning of 2020, the world has faced many circumstances jarring its dynamic in different matters, including natural disasters, environmental issues, the trade war and political tensions. Also, the one that has turned the whole world upside down is the COVID-19 pandemic, which started in December 2019 and has spread to every continent.
GIT Information Center
Jewelry Designs: Inspiration with Added Value
Today consumers are bombarded by an endless variety of trends like countless waves consistently breaking upon the shore. Many industries, including gem and jewelry, are obliged to adapt and transform not only adapting to emerging “sciences” but also applying “the arts” to their products.
GIA unveils comprehensive cultured pearl report
The Gemological Institute of America (GIA) recently introduced the Cultured Pearl Classification Report, which provides clients with extensive information on cultured Akoya, South Sea and Tahitian pearls.
Antwerp eyes eight rough tenders in January
Antwerp is hosting eight rough diamond tenders throughout January, reflecting continued trading activity in the diamond sector amid the Covid-19 pandemic, revealed the Antwerp World Diamond Centre (AWDC).
Alrosa December Sales Highest Since 2018
Alrosa’s sales soared in December to their highest level in almost three years as rough demand continued to gain momentum.
Chow Tai Fook's Q3 sales up on China recovery
Solid consumer demand coupled with the continued easing of the coronavirus situation in China bolstered Chow Tai Fook Jewellery Group Ltd’s third-quarter sales, the company announced recently.
ICA sees robust demand for gems in Pantone colours
Coloured gemstones falling within the Ultimate Gray and Illuminating colour categories are seen to attract the jewellery market’s attention in 2021, according to the International Colored Gemstone Association (ICA).
Pandora Flags Concerns as More Stores Shut
Pandora has warned it is uncertain how the escalation in Covid-19 cases will impact its 2021 sales, as more stores close.
Chow Tai Fook Sales Rise as China Recovers
Sales at Hong Kong-based jeweler Chow Tai Fook grew 17.5% year on year in the last three months of 2020 as a recovery in mainland China outweighed weakness in its home territory.
Jump in gold prices sees pre-Covid turnover at Cooksongold rise almost £100m
Cooksongold has reported almost a £100m increase in turnover, bolstered by the hike of the price of gold in 2019.
Retail Rents in Manhattan Are Dropping as Vacancies Increase
The COVID-19 pandemic has been challenging retailers in Manhattan, one of the world’s biggest and most famous shopping meccas, since New York State Governor Andrew Cuomo declared a state of emergency on March 7, 2020.
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