[Pearl Jewelry : Pearl Necklace] 4/29/2018 06:39:00 PM

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The US consumer price index (CPI) for jewelry in December 2013 declined by 0.7% on a year-on-year basis to 175.59 points, being 6.5 points lower than the highest value in 2013 (more than 182 points) recorded in August, reports Rapaport.
The record CPI for jewelry in the amount of 183.19 points was registered in January 2012. The average value of the index in 2013 was 177.6 points, 0.4% lower than the average in 2012.
Nevertheless, taking into account the December data, the CPI exceeded the average of 170 points for 36 consecutive months, thus maintaining a steady trend of inflation.
CPI for jewelry reached a record mark in early 2012, but after that, throughout 2012, prices for diamonds, gold and platinum were under pressure. As of December, gold prices declined by about 27% on a year-on-year basis, and platinum fell in price by almost 20%.
In December, the RapNet diamond price index (RAPI) for certified 1 carat stones remained generally stable, having increased by only 0.2%. The price index for diamonds weighing 0.5 carats rose by 1.1%, and diamonds weighing 0.3 carats went up by 2.8%. Meanwhile, stones weighing 3 carats fell in price by 0.8% in the reporting month.
The general index of consumer prices for all categories of products in December increased by 1.5% in the year-on-year terms and reached 234.58 points.



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Posted By Blogger to Pearl Jewelry : Pearl Necklace at 4/29/2018 06:39:00 PM

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Valentine's Day is not far off, and in the boutique Varuna D Jani was presented a designer collection of precious jewelry for women. Varuna Jani, being a jewelry designer and consultant, used the classic designs of her previous collections and redesigned them for a new line of jewelry.
The jewelry collection consists of a necklace with colored gems and multi-functional wedding decorations with removable items.
Varuna D Jani jewelry designs do not go out of fashion and are distinguished by their perfect form and jewelry skills, where great attention is paid to small details and uniqueness of design. In the boutique of Varuna there are also jewelry gifts for men: cufflinks, tie pins and bracelets.

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Jewelry retailer Tiffany & Co. notes the annual growth of holiday sales by 4% to $ 1.03 billion during the Christmas season in November and December 2013, Rapaport reports. Sales in comparable stores Tiffany showed an increase of 6%.
Revenue from sales of jewelry retailers in the Americas region increased over the reporting period by 6% to $ 550 million, sales in comparable stores increased by 7%. Revenues from sales in the Asia-Pacific region increased by 5% to $ 196 million against the backdrop of stable sales in comparable stores.
Sales of Tiffany in Japan fell by 12% to $ 135 million, due to a weaker yen, while sales in comparable stores in Japan jumped by 10%. Sales in Europe grew by 11% to $ 131 million, while sales in comparable stores grew by 3%.
CEO of Tiffany & Co. Michael J. Kowalski said that the festive season was successful and the overall sales results met the expectations of the company, noting that there was a growth in sales for a number of product categories.
Fiscal year Tiffany & Co. will end on January 31, 2014, and the company expects earnings per share of $ 1.27 - $ 1.37 compared to $ 3.25 a year earlier, which is due to losses caused by the arbitration court decision in the proceedings with the Swatch Group.

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Signet Jewelers Ltd, the largest specialized jewelry retailer in the US and UK, summed up the eight-week season of holiday sales, which ended on December 28, 2013. Sales in comparable Signet stores in the US grew by 4.9%, and the results of the unit in the UK were even better than the US - recorded an increase of 5.2%.
"We are pleased that we were able to achieve sales growth in our stores by 5% in the past holiday season and are particularly encouraged by the improvement in our UK division and impressive sales results across the Internet in all regions," said Signet CEO Mike Barnes, .
Barnes stressed that in American outlets the holiday sales season was characterized by high trading activity in November and a strong final in December. "Nevertheless, it was necessary to introduce additional discounts in connection with a large number of promotions in the retail environment, as well as complex trends in the dynamics of consumer traffic," said the director of Signet.

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In 2013, prices for certified diamonds fell amid weakening demand growth in China and India, Rapaport reports. The diamond trade was supported by stable demand from the USA, and the main turnover was small diamonds of the lowest price category. By December, sentiment on the market improved due to good performance of holiday sales in the US and growing expectations for the Chinese New Year. However, liquidity in diamond cutting markets and in the dealer segment remains limited.
The margin of profit is very low, and banks have reduced the volume of crediting purchases of rough diamonds to participants in the polished diamond sector.
In December 2013, the price index RapNet Diamond Index (RAPI ™) for diamonds weighing 1 carat grew by 0.2%, while RAPI for smaller diamonds increased more significantly, continuing the trend, which was strengthening throughout the whole of 2013.
In 2013, RAPI for certified diamonds weighing 1 carat fell by 4.5%. RAPI for diamonds weighing 0.30 carats increased by 10.1%, and diamonds weighing 0.50 carats fell by 0.7%. With respect to diamonds weighing 3 carats, the index fell by 4% in 2013.
The Rapaport monthly report, entitled Improved Sentiment, in January 2014, notes that diamond trade has intensified due to increased demand in the last days before Christmas, which slowed in European and American wholesale markets during the subsequent holidays.
There was a good demand for small diamonds of commercial quality, as American consumers focused on special promotions and low-cost purchases during this festive season. It is expected that this trend will continue as the attention of all market participants is transferred to the Far East region, where the celebration of the Chinese New Year begins on January 31.
Retail sales of jewelry in the Far East were supported by high demand for gold, but it is expected that the major jewelry companies will make great efforts to encourage the growth in sales of diamonds and increase their profit margins.
In the first quarter of 2014, it is forecasted an improvement in diamond turnover due to demand during the Chinese New Year and the replenishment of stocks by American retailers. However, buyers remain conservative, and jewelry retailers are used to manage modest stocks. Diamond markets show selectivity and increased sensitivity to prices. Although the mood has improved, and the outlook for 2014 looks more optimistic, there are a number of problems in the diamond industry.