- Top stories in Gem and Jewelry market
Thailand's gem and jewelry import value of January to July 2020 was at USD 3,877.38 million (THB 121,198.24 million), a 41.95 percent contraction as compared to the same period last year.
Thailand’s gem and jewelry export from Jan to Jun 20, rose 39.11%, Thailand’s actual export value was at USD 2,224.75 million, a 42.17% shrinkage from the same period last year
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.
Under this changing situation, businesses must adapt and cope with the threat of being disrupted. Marketers around the world are now focusing on the consumption pattern of consumers in each generation, especially the Millennials and Generation Z.
- News update in Gem and Jewelry industry
Manchester’s William May experienced a 100% boom in revenue throughout lockdown, the second-hand jewellery specialist has stated, as it looks to continue this strong performance in the months ahead.
The UK Government has promised to provide a £95 million fund in order to jumpstart the ailing English high street in the wake of the coronavirus pandemic.
Almost 100 people per day have registered to visit WatchPro Market since the event was announced earlier this month, demonstrating the demand among London’s watch lovers to get out to retail and social hot spots like Shoreditch to browse and shop.
Russian diamond mining giant Alrosa has seen significant sales growth since the market began to reopen, according to its latest financial data for August.
A webinar on new and traditional coloured gemstone origins, sponsored by the Centre for Gemmological Research (CGR) under Informa Markets Jewellery’s education-based programme, the Jewellery & Gem Knowledge Community, will be held on September 23.
Market diversification, new business models and digital initiatives are key to speeding up recovery in Asia’s gemstone and jewellery sector, industry veterans said during the first JNA Conversations webinar: Return & Recovery – The Asian Perspective on September 16.
US retail sales rose in August for the fourth consecutive month, though the rate of growth slowed from July, government data showed.
US retail sales are forecast to increase by up to 1.5% this holiday season, despite uncertain consumer sentiment and a jump in the unemployment rate, Deloitte said Tuesday.
Pandora has created a unique brooch in the shape of a bike in honour of the 80th birthday of Queen Margrethe II of Denmark.
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