MONTH IN REVIEW
GO ONLINE
www.jewelleryfocus.co.uk
DIAMONDS
Worldwide
jewellery sales
rise by 4% in 2018
Global sales of diamond jewellery grew
by 4% in 2018 compared with last year
and amounted to $85.9bn (£65.2bn).
According to Alrosa, the growth
rate of the global jewellery market
was lower than in 2017 (+5%), mainly
as a result of a slowdown in key
consumption markets in the second
half of 2018.
In the first half of the year, there was
persistently high demand from the
local population and tourists in the key
consumption markets, which ensured
the growth of the global jewelry market
by 6%.
In the second half of the year,
consumer demand in non-dollar
countries began to show less steady
growth rates, and in individual
countries - a decline, under the
influence of national currencies against
the US dollar weakening. At the same
time, the growth rate of the global
diamond jewelry market slowed down
to +2% in the second half of the year.
A statement by the group read:
“Diamond jewellery sales in North
America, which accounts for more
than half of overall sales, showed
consistently high growth rates for most
of the year, providing a 4% increase in
2018 compared with last year.
“Sales in Asia in the first half showed
higher growth rates than in North
America. In the second half, given the
deterioration of the overall foreign
economic situation in the region, the
growth rate of diamond jewellery sales
slowed down to +1%, providing a
growth of 5% comparable to the North
American market by the end of 2018.”
April 2019 | jewelleryfocus.co.uk
1
EVENTS
Hatton Garden
BID announces
‘first ever’ job fair
Hatton Garden BID has announced its
first ever job fair, aimed at those looking
to kickstart a jewellery career or want
to find out more about opportunities in
the creative industries.
From 10am to 3pm on Friday 5 April,
local businesses will gather in The
Hatton to share information and advice
on careers in leisure and hospitality,
marketing, PR, branding, design,
architecture, transport, sports nutrition
and of course, jewellery – both retail
and design.
The event, hosted by the Hatton
Garden BID, is open to students, recent
graduates and anyone “looking for
their next opportunity”. Businesses
already signed up to participate in the
fair include the British Academy of
Jewellery, the Goldsmiths’ Centre, the
Gemmological Association of Great
Britain (Gem-A), Conversion and the
Bleeding Heart Group.
BID chairman Gary Williams said:
“Home to some of the world’s finest
independent jewellers, artisans,
architects, digital start-ups, design
studios, restaurants and bars, Hatton
Garden is perfectly placed to host
London’s latest careers event. We
look forward to helping the next
wave of artists, creatives, makers and
entrepreneurs find pathways into their
chosen fields.”
Diamond jewellery sales
in North America , which
accounts for more than half
of overall sales , showed
consistently high growth rates
for most of the year
Alrosa
2
3
4
5
6
7
8
Hallmarking in February
decreased by
10.1%
to 651,259 items
(compared with the
previous February)
RETAILERS
Domino
signet ring
sales ‘surpass
expectations’
Domino Jewellery has seen an increase
in demand for its extended signet ring
range, released as part of the Wedding
Ring collection in January.
The
Birmingham
manufacturer
said it made
a “conscious
decision” to
increase the number of signet rings
available, driven by “acknowledged
increased consumer demand” from
both men and women.
Sales director Andrew Sollitt said
they have been “pleasantly surprised
with the appetite from retailers for the
new signet ring range”.
Sollitt added: “Signet rings have
always been a popular, classic, piece
of jewellery but we have seen an
increase in consumer interest as the
trend has grown over recent years. It’s
particularly encouraging to see retailers
and consumers embrace both a variety
of styles, as well as appetite from both
male and female consumers.
“We have seen an uplift of more
than 40% in the first two months
since launching our new, improved
range. Another area that has been very
positively received by our retailers is
our engraving service; with a choice of
laser, hand and seal engraving available
to further personalise our pieces.”
END: THAT’S ALL. YOU ARE NOW UP TO DATE
JEWELLERY FOCUS
13