Demand for opals and opal jewellery in mainland China has surged dramatically these last few years, albeit from a small base, with high-end customers especially partial to black opals driving the growth. In separate interviews with JNA, opal wholesalers and jewellery manufacturers expressed their optimism regarding growth prospects on the mainland. Sam Carbone Opal Australia-based … Read More →
India’s gold demand has been revised downwards by 12 per cent to 750-850 tonnes for this year after it fell by 18 per cent to 131 tonnes in the second quarter in view of a sharp jump in prices and a strike by jewelers following new regulations, the World Gold Council said on Thursday. Earlier … Read More →
Diamond jewellery demand by US consumers reached a record level of US$39 billion in 2015, up 5 percent from a year ago, according to industry data published by The De Beers Group of Companies. De Beers attributed the increase in sales to sustained economic recovery in the US, higher levels of job creation and wage growth. … Read More →
As jewellers strike continues against excise duty imposition, a lot of work in the city has been shifted underground to meet the lucrative wedding season demand. According to a jeweller, who requested anonymity, there is no dearth of work for workers and designers, who are busy making ornaments as demand peaks ahead of the wedding … Read More →
Hong Kong companies purchased pearls amounting to US$220 million from Japanese traders in 2015, 70 percent of which were re-sold to mainland China, according to a recent report. Pearl jewellery has been steadily gaining popularity in mainland China especially since Chinese first lady Peng Liyuan has been spotted wearing pearl ornaments on several occasions, Tvbs.com.twreported. … Read More →