[Pearl Jewelry : Pearl Necklace] 4/29/2018 06:26:00 PM

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IBISWorld Inc. expects a slight increase in spending during the Christmas season and predicts an increase in retail sales of 3.4% in the year to $ 68.9 billion, reports Rapaport.
Christmas presents traditionally make up a huge article in the expenses of American families, accounting for about 77.3% of the total spending of consumers during the holiday period, estimated at $ 53.3 billion. However, IBISWorld believes that this year the average American family will cut its spending on the purchase of gifts and reduce the number of people close to whom they will be awarded.
At the same time, IBISWorld expects consumers to give preference to more valuable Christmas gifts, including a 7% increase in consumer spending on jewelry, up to $ 5.58 billion on a year-on-year basis.
If sales of jewelry products increase in accordance with the forecasts, the growth rate will be slightly less than the 8.8% increase in sales in American jewelry stores registered in the first nine months of 2013, according to Rapaport News.
According to IBISWorld, 111.7 out of 115 million American families will celebrate Christmas, which will spend 3.9% more for the festive dinner than last year.

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Posted By Blogger to Pearl Jewelry : Pearl Necklace at 4/29/2018 06:26:00 PM

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A sharp decline in the price of gold stimulated demand for gold jewelry, bullion and coins in China. Total gold consumption in China this year will exceed 1,000 tons, said a representative of the World Gold Council (WGC).
The deficit of gold supplies in China will reach 700-800 tons this year due to strong demand for gold in physical form.
"In addition to local gold production of 400 tons, it is projected that the total gold consumption in China will exceed 1,000 tons in 2013," Zheng Lianghao, managing director of the WGC Far East Division, said at a conference in Shanghai.
According to Zheng, in the third quarter, the demand for gold in physical form in China and India, the largest consumers of yellow metal in the world, remained high, despite the weakening investment caused by a sharp drop in gold prices.
Chinese demand this year jumped by almost 40% due to the growing interest in jewelry, bullion and coins, due to a sharp decline in gold prices.

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The president of the Israel Diamond Exchange (IDE), Shmuel Schnitzer, announced the launch of an IDE campaign aimed at raising awareness of 3,500 members of the world's largest diamond exchange about the effects of trade in unannounced synthetic diamonds (either deliberate or unintentional) a press release received by Rough & Polished by e-mail.
"Our industry is based on transparency, honesty and responsibility," said Schnitzer. - Thus, even a few unscrupulous foreign dealers who mixed synthetic diamonds in a batch of natural stones, giving them away for natural, caused a huge damage to the reputation of our entire industry! I personally and the IDE Council will do everything possible to protect the members of the exchange from this illegal activity that violates ethical standards, and at the same time are ready to disclose the names of those who are engaged in trading in undeclared synthetic diamonds if their guilt is proven. "
IDE Council Member Yoram Dvash, who heads the IDE Industrial Commission, said that although the Israeli market has not yet recorded incidents involving the trade in unannounced synthetic diamonds, this issue is very important. "Israel is one of the world's leading centers for diamond trade, so there are precious stones coming from all the world's diamond production centers, and we are highly exposed to these risks - the members of the exchange must be informed about this," said Dvash.