Back On Track: Sturdy Jewelry Sales For Chow Tai Fook

Retail gross sales within the US rose three.eight per cent in the course of the holiday season in 2023 amid continued inflation and high interest rates, based on latest authorities information. British Museum Details Extent of Stolen and Damaged ItemsParts of some lacking objects have probably been sold to scrap steel retailers, museum directors say. India’s exports of polished diamonds slid once more during December, but rough imports soared, as expected, after the two-month voluntary ban.

It must be mentioned that, right now, none of the above situations seems likely to occur. As a result, the diamond market will – in my opinion – continue to battle for the remainder of the yr. Should the Ukraine war stop, an emotional rebound globally is on the playing cards which may mean a surge in diamond acquisition. This would help by decreasing the overhang of polished stuck in the cutting centres. The Kimberley Process statistics point out that Russia remains to be promoting diamonds strongly, with 2022 exports of 36.7 million carats valued at $US3.87 billion ($AU5.eight billion).

  • Many of the segment’s prospects, in the meantime, are “trading up” into the luxury section.
  • Quince’s jewelry offerings come at incredibly affordable costs, however