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More than 53 million Americans are planning to purchase a diamond between Thanksgiving and Valentine’s Day, results of a new survey published by the Diamond Producers Association (DPA) and KRC Research revealed.
Men’s jewellery, in recent years, has gone beyond rings and cufflinks, with more men warming to the notion of wearing bracelets and necklaces. The lines between formal and casual jewellery are blurring too as traditional items adopt modern designs and rugged styles polish their edges.
Chow Tai Fook Jewellery Group Ltd reported an 8.8 percent rise in profit for the six months ended September 30 on the back of stronger cosumer demand and an increase in mainland tourist arrivals in Hong Kong.
Weddings are big business for the jewellery trade, with the bridal segment proving pivotal for many brands, retailers and manufacturers. Traditional engagement and wedding rings headline the product segment, but modern relationships and changing consumer preferences offer new opportunities for growth.
The World Diamond Council remains hopeful that efforts to reform the scope of the Kimberley Process Certification Scheme will bear fruit next year as the 2018 KP Plenary Meeting concluded in Belgium on November 20.
Retail sales of jewellery in China remained in positive territory, with October 2018 figures registering a 4.7 percent year-on-year increase, according to the latest data from the National Bureau of Statistics of China.
A scintillating 18.96-carat fancy vivid pink diamond sold for over US$50 million at Christie’s Magnificent Jewels auction in Geneva and was renamed The Winston Pink Legacy by its new owners, Harry Winston.