Your Catalyst to a Lucrative Business
Growth of e-commerce sales, presence of organized retail channels, and launch of premium products
are also encouraging jewelry design business. Online purchasing is considered as a convenient
platform for buyers. Various online platforms also offer discounts on products. Young and working
populations mostly prefer online purchasing. These platforms are beneficial for retailers as they can
save cost of inventory, distribution, and promotion and marketing.
Developments of advanced jewelry making techniques coupled with presence of several certification
bodies including Bureau of Indian Standards (BIS) hallmarking and Kimberly Process Certification
Scheme are anticipated to work in favor of the market. Additionally, several tools are also available in
the market for differentiating original diamond and synthetic diamond. For instance, HRD Antwerp,
authority in diamond certification, presented an analysis tool, D-Scope+, for all diamonds and
gemstones, at the Hong Kong Jewelry and Gem Fair. Its illumination brings an advanced dark-field
lighting technology, which helps users to select between three different colors of light such as very
strong white daylight, white light, and yellowish light. These different color-temperatures are perfect for
analyzing all types of internal and external characteristics of diamond.
Gold and diamonds are mainly used as a raw material in fine jewelry business. These, raw materials
are traded internationally, which creates volatility in their prices. Protean raw material prices are
estimated to affect retail prices and sale volumes along with profit margins of distributors and retailers.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/consumer-goods-
industry
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