And that includes any probably upcoming makes an attempt to block Russian polished diamonds. The Natural Diamond Council is trying to blaze a trail for diamond and jewelry retailers to comply with; however, with a reduced finances as a end result of lack of Alrosa following the invasion of Ukraine, that has become a larger problem. Lightbox was initially not going to enter the all-important bridal market; however, the model couldn’t resist the chance. Today, it’s a direct competitive risk to pure in its biggest segment.

“However most of our clientele still prefer to stay to gold jewellery as an investment. Customers preferring to buy gold coins and bars are primarily extra investment-focused hence consider it a dependable funding during instances of price appreciation. Gold cash and bars are often seen as a secure asset, interesting to investors looking to diversify their portfolios. In contrast, jewelry, whereas retaining its emotional …