Global Jewelry sales up by 5% in Q2
Alrosa presented the results of its Global luxury and jewelry market research In Q2 of 2018, sales of decorative jewelry increased in all of the world's key regions, except for India. The average global growth rate was some 5% higher than during the same period last year. Notably, in the Asia Pacific, the figures were as high as 17%. The positive dynamics resulted from the continuing expansion of various local players, made possible by the mounting demand for diamond-based jewelry in continental China. Another factor that made sales more stable was the improvement of tourist traffic in Hong Kong and Macao. In other key regions (North America, Europe, and Japan) the sales boost fluctuated between 3% and 5%. It bears pointing out that the rise of diamond jewelry sales in North America and Japan (+5% and +3% respectively) has been accompanied by significant demand spikes among the local population, which drive most of the sales. In India, jewelry sales (in dol...