Jewelry Information, Merchandise, Trends & Trade Knowledge
On the horizon is a new concept store design which is at present being tested in the U.K., Italy and China. However, momentum was derailed as gold costs surged in November and December. Our contacts instructed that demand came to a digital standstill after mid-December, with prospects preferring gold-for-gold trade; anecdotal proof suggests such change volumes virtually doubled through the quarter. Gold jewellery demand softened barely in 2022, almost managing a return to pre-COVID ranges of demand, which in 2019 stood at 2,127t. This was achieved throughout a 12 months that noticed periods of sturdy rises in the gold price…