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- Most diamantaires had already written off 2022 and hoped to see enhancements later in 2023.
- Thieves broke into a jewelry shop by drilling a hole on the back wall and made away with ornaments worth Rs 1 crore in Elepet Circle in Kolar on Saturday night.
- But now that Gen Z has arrived on the scene, issues are about to get…interesting.
Tanishq CEO Ajoy Chawla reviews a major upswing in customer sentiment, with new collections like Dharohar, Rivaah X Tarun Tahiliani’s bridal jewelry, and String It receiving important traction. Surging gold costs in India are leading some people to trade their gold jewelry for model spanking new items, notably through the wedding season. Higher costs are driving more Indians to reuse their gold, and whereas consumers are buying for weddings, general demand is comparatively subdued. In 2023, India witnessed a shift in shopper demand, as gross sales of low-priced goods declined while luxury items surged, marking a notable trend. Companies tailored by concentrating on prosperous consumers to offset reduced gross sales and declining margins, highlighting a clear cut up in shopper preferences in the course of premium merchandise amid market challenges.
Jd Solitaire Launches ‘jewels By Radhika’, A Sub-brand Dedicated To Distinctive Couture Jewellery
Created for retail jewellers, producers, wholesalers and salespeople, the Magazine supplies insider information on the latest in industry commerce and present affairs. It is invaluable to anybody attuned to the industry, eager to be at the forefront of key tendencies and developments in jewellery and watches. Demand for gold jewelry in 2023 dropped by 6% to 562.three tonnes compared with 2022, WGC information launched on Wednesday confirmed. The yr, nonetheless, noticed an enchancment in gold investment demand, which elevated by 7% to 185.2 tonnes, as customers noticed an investment opportunity in the uptrend in costs. The popularity of lab-grown diamonds surged in recent years, pushed by sustainability concerns and ethical issues.
