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Lab-grown diamonds, previously on the rise, experienced a 22.97% dip in gross exports. Despite the present setback, business consultants, together with Colin Shah of Kama Jewelry, anticipate a gradual recovery from the third quarter of FY25. Of course, one clarification could presumably be that customers who had been nonetheless shopping for gold jewellery during the world pandemic – and through a interval of a high gold price – might have been choosing decrease ‘quality’ and subsequently, lowerpriced gold gadgets. Offline retail has been the life supply of the watches industry for decades, with multibrand retailers owning the shopper relationship. This will be a problem for both brands and retailers, as $2.4 billion in annual revenues are set to switch from multibrand retailers to manufacturers by 2025. As manufacturers forge closer relationships with their clients, they may also discover alternatives to double-dip within the income pool by participating in pre-owned gross …