- Top stories in Gem and Jewelry market
In the present, Gemstones an important export product of Thailand and establishing its status as the world’s major gem and jewelry center. The name Chanthaburi is well known in the colored gemstone industry, if it is not because Sammuang Kaewwaen invented the heat treatment, Chanthaburi might not be one of the world’s most important gemstone trading centers as it is today. Can read his legacy in this article
Thailand’s gem and jewelry export value from January to February 2022 skyrocketed by 101.15 percent from the value of USD 1,032.88 million in the same period of last year to USD 2,077.65 million. As Global Manufacturing PMI, an indicator which analysts around the world use to forecast global economy outlook, reached 53.6. PMI of Thailand’s key trade partners were above the global average.
With the economic fluctuation during the past two years, the investment trend is heading towards an increasing variety of alternative assets. Now the new trending digital asset called NFT is gaining interest from people around the world. Selling NFTs is one of the options chosen by professional and amateur artists as the main channel to approach their targets, where their works can be displayed and sold directly without the help of physical exhibiting venues. Thus, the NFT platform has become a practical solution during the covid-19 pandemic, resulting in its rapid growth.
Entrepreneurs have accelerated adaptations during the pandemic by exploring new trade channels and modifying company strategy to take advantage of opportunities presented by digital technology. As people’ perspectives and way of living have changed after the pandemic, the technologies have increasingly played a vital role in society and lifestyles. Such movement has brought about the Next Normal living trends, which began to expand widely and become influential to future life and economy.
Throughout 2021, global economy in general has been recovering, it could be said that 2021 is the beginning of recovery and anticipation. Thus, choosing suitable technology is essential. Moreover, growing number of digital natives who are becoming dominant buyers in online market has driven brands to shift their focus more toward marketing to the groups. What's the content As can be read in the article.
Big 4 gemstones consist of diamonds, rubies, sapphires, and emeralds. They remain the most sought-after among all gemstones. People generally buy them as heirlooms, wedding gifts, and for long term speculation, consumption of the Big 4 gemstones in 2022 has been gradually recovering owing to purchasing power of the world’s key gemstone consumer markets, which are the US, Europe, China, and India.
- News update in Gem and Jewelry industry
Though the 2022 trend is about more than jewelry—crystal eye makeup and a pedicure with rhinestones are some of the top searches—there are traditional jewelry items listed too. Gen Z is driving a trend toward accessories that goes way beyond the basic earring, cuff, or layered necklace.
Flexible in-person pickup options such as Buy Online Pickup In Store (BOPIS) ranks as one of the most popular customer-service offers that started during the pandemic, grew in use through holiday 2021, and should continue going forward.
Yellow gold, oval diamonds, alternative center stones. The 2021 Knot Jewelry & Engagement Study reveals new trends for jewelers and highlights how bridal sales may look into the next year and beyond. One of the survey’s key findings focuses on how couples are taking a “highly personalized approach” to engagement planning and buying.
Emeralds from the Musakashi deposit, in the Solwezi district of central Zambia, are very different in their formation and occurrence to the “classic” Zambian production from the Kafubu area, and, interestingly, in many aspects are reminiscent of Colombian emeralds.
GJEPC Membership now Compulsory for Kimberley Process Regulation in India. In line with the current government’s focus on “minimum Government and maximum governance,” by easing the procedures of doing business in India, the Govt. of India has mandated membership of GJEPC for getting the Kimberley Process Certificate for import and export of rough diamonds into India.
Rio Tinto is now the sole owner of Canada’s Diavik Diamond Mine, located in the Northwest Territories. It had previously owned 60 percent, partnering with Dominion Diamond Mines.
The latest data from the Fancy Color Research Foundation (FCRF) indicates blue diamond prices have further increased in price and done so again more than pink diamonds over the third quarter of 2021.
With the demand driven by fashion jewellery trends and high-tech, non-jewellery applications, the lab-created diamond market is expected to grow by almost US$4 billion ($AU5.32 billion) by 2025, according to an independent New York-based industry analyst.
Expanding the definition of conflict diamonds will remain a priority agenda in the next Kimberley Process (KP) review cycle since no concrete decision was made in the recently held 2021 KP plenary. The World Diamond Council (WDC) however cited “progress” toward this direction.
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