Gem and jewelry exports in FY24’s April-December plunged by 20.78% YoY to USD 22.7 billion, attributing the decline to international financial challenges and geopolitical elements. Notably, tough diamonds imports fell by 23.51%, while cut and polished diamond exports declined by 28.27%. Lab-grown diamonds, previously on the rise, experienced a 22.97% dip in gross exports. Despite the current setback, trade experts, including Colin Shah of Kama Jewelry, anticipate a gradual recovery Jewelery News from the 3rd quarter of FY25. The Selective Retailing enterprise group posted natural revenue development of 25% in 2023. Sephora achieved another historic yr, each by method of gross sales and revenue, continuing to achieve market share through its distinctive, innovative range of products and services.
- Some areas of Borneo and Papua New Guinea are but to be explored by Western nations.
- Ranging from the warm hues of yellow, orange, and brown to the cool tones of blue, green, and pink, topaz’s shade range appeals to a variety of tastes.
- Three weeks after confirming its intention to expand into India, Tiffany & Co. releases its monetary outcomes for the primary half of 2019.
- According to a report from The Australian, Michael Hill has since been approached by five other jewellery and watch retailers to discuss the potential for further acquisitions.
This wedding ceremony season, brides are favoring vintage and jadau jewellery, driving up gold prices and pushing average budgets to Rs 10 lakhs from the previous Rs 5-7 lakhs. Mumbai’s Zaveri Bazaar reports a surge in heavy jewelry …