Jewelry Market Should Put Together For A Steep Drop And Signet Jewelers Is Prepared
Gem and jewelry exports in FY24’s April-December plunged by 20.78% YoY to USD 22.7 billion, attributing the decline to international economic challenges and geopolitical components. Notably, rough diamonds imports fell by 23.51%, whereas cut and polished diamond exports declined by 28.27%. Lab-grown diamonds, beforehand on the rise, skilled a 22.97% dip in gross exports. Despite the current setback, industry specialists, including Colin Shah of Kama Jewelry, anticipate a gradual recovery from the 3rd quarter of FY25. John Glajz, Argyle Pink Diamonds Icon PartnerTM, says, “It has been an honor for me to collaborate with Muzo and Argyle in the development and design of this fourth Green Jewel Collection..
With a robust legacy attached to its name, we’ll never recover from Tiffany & Co. Yes, Audrey Hepburn’s endorsement of the luxury jewelry model within the iconic film, Breakfast at Tiffany’s, may have had one thing to do with that. But in …