Posts Tagged ‘ Price ’

Rapaport Reports on Jewelry Industry Inflation and Diamond Trading Trending

Rapaport Reporting: Jewelry Industry Inflation

From: rapaportgroup  | Jun 23, 2011  | 95 views
RAPAPORT…
Jewelry inflation in the U.S. continues as the price of precious metals and diamonds climb. According to comScore, the popularity of online video and the ever-changing habits of viewers present an opportunity to advertise your brand.
A report from Rice Universityassociate professor of management, Utpal Dholakia, businesses can gain traction using “daily deals” websites, but there are many elements a brand must consider. Over the next few years, it is likely that daily deal sites will have to settle for lower shares of revenues from businesses compared with their current levels, and it will be harder and more expensive for them to find viable candidates to fill their pipelines of daily deals, according to Dholakia. In his third study – the most exhaustive study done to date on the daily deals industry – Dholakia found that there is very little difference between companies in the ever-expanding competition for consumer dollars, and it will be difficult for any one site to stand out from the others.”

Rapaport – Information That Means Business

Check out what Rapaport Reported on the Success of the

June Hong Kong Jewellery & Gem Fair!!!

See Video HERE: 2011 JUNE HONG KONG JEWELLERY & GEM FAIR

The Hong Kong International Jewellery Show wrapped up this week on an extremely positive note with a new record of 37,000 total attendees. The show attracted more than 2,800 exhibitors from 46 countries and regions — making it the largest for this show’s history. The number of buyers increased by 16 percent overall and the number of overseas buyers increased by 23 percent, led by Hong Kong’s three major export markets for fine jewelry — buyers from the U.S. rose 22 percent; buyers from France increased by 30 percent and buyers from Switzerland rose 6 percent. Buyers from emerging markets increased as well. Buyers from the Chinese mainland rose 33 percent, buyers from India rose 41 percent, Russian buyers in attendance increased 27 percent, Brazilian buyers rose 29 percent and there were 16 percent more buyers from Japan at this year’s show.

The Diamond Trading Company opened its 2012-contract period sightholder process this week. Those intending to register for this first round for sights in London, Botswana and Canada must submit audited financial information and a meet certain requirements regarding minimum revenue stream and rough utilization during each of the past three years. Applicants for sights in South Africa and Namibia have lower minimum requirements. All applicants must prove that they adhere to De Beers best practice principles and guarantee that they never traded diamonds outside of the Kimberley Process. The next phase of the sightholder application begins on April 18.  More information is available here.

The Las Vegas Antique Jewelry and Watch Trade Show is Quicly Upon Us! …

The storefront felt a bit empty today. This is probably because our VP and Jewelry Designer/Gemologist are setting up our Booth, #1455, at the Las Vegas Antique Jewelry & Watch Show from June 2-5!  I received some insights as to what the scene is there in the city of sin (in regards to the jewelry industry anyway.)

Watches

Diamonds - GIA Certified

Prices are sticking even firmer than previously expected. This should be a positive venture for Dealer’s, as emerging markets (such as Asia, etc) have been driving up the prices. With the integration of the recent price increase on these particular items and the addition of the overseas funds, prices are seemingly spiraling out of control, even prior to the official opening of the antique jewelry trade show!

Diamond and Luxury Watches are thus far recognized as the most highly sought after pieces, as there are severe shortages of both in the Country as of late. Companies like Rolex and Patek Philippe are shipping goods primarily to the Asian and European markets, and effectively the US. dealers in the US have seriously slim showcases.

Gold Prices Jump Past $1,400 AGAIN!

500g silver bullion bar produced by Johnson Ma...
Image via Wikipedia

The price of gold has been surging this year but saw a small dip last month, falling below its record breaking and headline making high of $1,424.50 an ounce. On Friday December 3rd gold once again delighted investors when it settled $6 dollars shy of its record high. Many market analysts are saying it is only a matter of time till gold goes even higher and set a new record. It seems I will be blogging about the price of gold for quite some time.

The reason for this latest spike is less exciting, gold prices rose in reaction to the Labor Departments latest announcement that unemployment reached a hit 9.8. This is the highest level of unemployment in months and added further doubts that the U.S economy will recover anytime soon. Investors are still not confident of in the dollar and area searching for assets that seem like safe havens. Europe’s Euro is facing similar problems creating a prolonged bull market for precious metals. Collateral loan.

On  a related note the prices of silver also rose! I wrote about the amazing and volatile silver market last week. The price of silver was up 38 cents at $29.76 and is strongly expected to reach a 30 year high of $30.

-Carlos at Raymond Lee Jewelers

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