Indeed, many jewellery retailers have been among those to access the JobKeeper program. “We are lucky to be in Australia – I expected this to be lots worse,” stated Michael Sobbi of Linda & Co Designer Jewellers in Sydney. Award-winning British designer Anabela Chan is challenging conventional luxury norms by creating jewellery masterpieces with lab-grown gems and recycled metal. “If economic situations worsen, driving elevated demand for defensive property, gold prices may rise, offering a possible upside beyond all past predictions,” he added. Some jewellers mentioned they are now pushing studded jewellery the place the margins are as a lot as 3x larger than plain gold jewelry.
Mumbai’s Zaveri Bazaar stories a surge in heavy jewelry demand, particularly for jadau items. Despite a market slowdown until December 30 because of soaring gold costs at Rs 64,000 per 10 gm, South India witnesses a 15% enhance in antique jewelry demand. The …