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"CREBi.com - Jewelry and Accessories of Fashion

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    Gold jewelry demand up 4% in Q2 and is expected to grow further in Q2

    Global demand for gold jewelry rose in the second quarter by 8% year-on-year to 480.8 tonnes, although this is compared to a very weak half of 2016, the WGC World Gold Council said, but well below the quarterly five-year average Of 586.2 tonnes.

    Global demand for gold jewelry rose in the second quarter by 8% year-on-year to 480.8 tonnes, although this is compared to a very weak half of 2016, the WGC World Gold Council said, but well below the quarterly five-year average Of 586.2 tonnes.
    India boosted global demand for jewelry almost alone with demand rising from 89.8 tonnes last year to 126.7 tonnes this year.
    This strong recovery was expected after exceptional import figures were reported and reached a record high in May, as the market accumulated gold before the announcement of the June goods and services tax rate. Demand for gold in the second quarter in Europe was weak, falling 4%, while demand for jewelry fell 3 percent, reaching a three-year low of 3.8 tonnes.
    The demand for gold jewelry has grown in the second quarter of 2017, both in the US market and in the global market.
    In the latest Gold Demand report, the World Gold Council said second-quarter demand in the United States rose 4% to 26.9 tonnes in the second quarter, falling only in the quarterly five-year average of 28.9 tonnes. Demand in the first half of the year also rose 4 percent to 49.9 tonnes due to improved consumer sentiment. This marks the highest total of the first semester since 2009.
    The average price of gold was $ 1,256.60 per ounce in the second quarter, compared to the plan when compared to the same period last year.
    And the market should manage some growth in the second half of 2017.
    In China, jewelry demand weakened again, but the pace of the decline slowed. Demand declined 5% year-on-year to 137.7 tonnes, the second-lowest quarter to the country in five years. In the market, younger consumers are moving away from the 24-karat gold tradition and parts with lower gold content are being produced to fill this void.
    In the Middle East, regional demand for jewelry was flat, but by country there were marked differences, the WGC said.
    In Egypt, demand dropped 20 percent to hit a new low of 4.7 tonnes, while demand in Iran rose 15 percent to 10.2 tonnes. A dip in local metal prices in Turkey, meanwhile, led to an increase in demand of 20% over the previous year.

    Jewelry and Watches sector expected to grow in the 2nd semester

    The watch and jewelry sector forecasts growth for the coming months, according to latest news.

    The watch and jewelry sector forecasts growth for the coming months, according to latest news.
    Watches
    Exports of Swiss watches jumped in June, amid strong demand from China, Hong Kong, Italy and the United Kingdom, the Watch Industry Federation said.
    Exports rose 5.3 percent to $ 1.83 billion in the month, driven by a 4.6 percent increase in shipments to Hong Kong, which was $ 205.7 million. Chinese orders increased 11.5% to $ 125.9 million. Exports to the US fell 1.3% to $ 188.2 million.
    The sector now has a three-year year-on-year growth since the beginning of 2017. In March, exports grew 7.5% from the previous year's figures - the first increase in nearly two years. Shipments fell again in April, but returned to positive levels in May and June, the federation said.
    "Watches in precious metals and steel contributed heavily to overall value growth, while other materials, such as bimetallic products, have declined. Volumes have remained stable overall. The increase in steel watches has offset the decline in other categories of metals and other materials," added the federation.
    Total exports were US $ 10.1 billion during the first half of the year. Jewelry
    Sales at specialty jewelry stores in the United States rose 4.7% to $ 3.06 billion in May, according to provisional data recently released by the US Census Bureau.
    Sales grew 1.9% to $ 12.4 billion in the first five months compared to the same period last year.
    The increase came when the consumer confidence index, a measure of consumer health declined by 1.3% in May, but rose 1.1% in June, according to the Conference Board.
    "Short-term expectations have slowed somewhat, but they are still bullish," Lynn Franco, director of economic indicators for the Conference Board, said in a statement late June.
    Overall, consumers anticipate that the economy will continue to expand in the coming months, but they do not expect acceleration in growth.

    Report "Why do trade shows need to change?" What is going on?

    In fact, not just the fairs, the marketing system is changing.

    Last week, the Why trade shows need to change? report was published. On this we received several questions, and the main thing is this: what is happening?
    In fact, not just the fairs, the marketing system is changing.
    The industry is going through a difficult time in Brazil and in the world. However, one thing we realize is that the jewelery and watch industry is resilient and innovative.
    If we look at the physical transaction where money changes hands, I think it is obvious that more and more transactions are taking place online. The jewelry industry has not seen the level of disruption that is happening in many industries, such as in the food industry (for example) largely because the cost of items is much higher. The internet will never completely replace the experience of keeping a new jewel in your hands, telling Blue Nile that it is creating its WebShops, where you can see the jewelry physically and buy online.
    Despite a small drop in the jewelery sector due to the Internet (even though some jewelers are already closing for it), the way retailers and consumers buy jewelry and watches, has also changed. But this is momentary. It may happen. Take a look at luxury watches, where 50% of these are already bought over the Internet.
    Today, at the fairs, for example, many more buyers see the jewelry and then make online orders after the show. Less purchases occur as a result of a quick (impulse) decision, now it is carefully weighed and debated before an order is placed.
    Today, repeated orders are placed online or on the phone, but this is nothing new, it has happened in the last 10 years. Sellers face-to-face visits have narrowed to a solution level of backlog.
    Therefore, CREBi.com is proposing to the promoters of Feninjer physics, the creation of a marketplace, which would be the continuation of Feninjer online, where buyers could continue or repeat the transactions directly with the exhibitor. Exactly, as do the Chinese from Alibaba and Global Sources and the results are extraordinary. This is the change that CREBi.com proposes for the world jewelry industry, which can start with Feninjer.
    You visit a fair and then continue to make contact with buyers via the marketplace website, which may be extended also to buyers outside Brazil.
    Feninjer is and should always be a reflection of the industry itself. As retail evolves, our show will also happen and we must continue working to evolve this show.

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