Bonhams Head of Unit informed that at auctions during 2016 the company managed to sell the best jewelry, who received recognition for aesthetics and not the weight of precious stones. In her opinion, this trend will continue in 2017.
Portal GEMKonnect quoted Gina Ghica (Jean Ghika), director of the jewelry department at Bonhams UK and Europe, who said that the jewelry are increasingly seen as an art form in its own category, and is no longer perceived only as luxuries. Modern and trendy jewelry designers are turning to collectors who want to create a collection of jewelry similar to the collection of contemporary art.
She adds that the modern jewelry design strong and courageous, often handmade, have a price higher than the materials from which they are made. These products are often made in a single copy, or are produced in very small quantities, and their exclusivity increases their desirability.
Outlining his predictions about what will be the main trend in the jewelry auction market in 2017, Ghica believes that women will continue to make their own jewelry purchases during 2017. She says that, according to Bonhams, more and more women are buying jewelry for fun, as an investment or as a way to spend your hard-earned bonuses. Buyers, women accounted for 28% of all customers in the Bonhams auction of jewelry in 2016 compared to 24% in 2011.
Boom also said that buyers from the East will continue to drive demand for exceptional gems and jewelry.
http://feedbucket.com/?src=http%3A%2F%2Ffeeds.feedburner.com%2FPearlJeweller
1 comment:
Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) of India has issued an annual report on the production figures for the 2016 financial year. The report was presented in the presence of the chairman of GJEPC Pravinshankara Pandya (Praveenshankar Pandya), deputy chairman of GJEPC Russell Mehta (Russell Mehta) and other officials. According to the data, exports of gold jewelery fell by 13% in 2016 fiscal year, to $ 8.6 billion versus $ 9.9 billion in 2015 fiscal year. Exports of colored gemstones fell by 4.4%, to $ 433.2 million versus $ 453.3 million a year earlier. Polished exports fell by 13.7% in 2016 fiscal year, nearly $ 20 billion against $ 23.2 billion in 2015 fiscal year. Exports of other products (pearls, synthetic gemstones, jewelry, etc.) increased by 49.7% in the reporting period.
At a press conference following the meeting Pravinshankar Pandya said, "For the first time polished exports showed such a strong fall, more than 13%, for the period from April 2015 for March 2016 compared to the same period of previous years Weak global demand and high prices. rough diamond cutters have led to a drop in profits. low demand has also led to a drop in diamond imports by 16% in 2016 fiscal year, which also was the first time. diamond prices are rising and low demand has led to the accumulation of high inventories. The increase in storage costs transportation stocks of diamonds became unbearable. The industry needs subsidies. "
Russell Mehta said: "GJEPC has prepared a draft law on piece-work, which will be submitted to the Government of China, for example, there is a law on piecework rabotke Despite the fact that approximately 20% higher in this country pay for such work than.. in India, many diamantaires from around the world choose it for China diamond cutting through a piece-work legislation. the Council invites the Government of India to adopt such a law for the creation of more jobs in the country. "
Pandya also urged the Indian government to allow the sale of diamonds in a special customs zone in Mumbai, a tax on turnover of 0.25% for foreign mining companies. He added that GJEPC cooperates with De Beers, Alrosa and Rio Tinto to launch a joint marketing initiative to promote diamonds.
Post a Comment