China’s Largest Jewellery Retailer Reviews Strong Gross Sales Despite Lockdowns
While the inventive designs of these products attracted consumer attention, their profitable margins additionally motivated the gross sales efforts of jewellery retailers. In South Korea, annual gold jewellery demand was down 18%, taking 2022 jewellery consumption to 15t. Jewellery demand lost momentum as customers in the reduction of on luxuries in an environment of deteriorating household incomes and elevated debt. Vietnam led the way with a 51% enhance, taking annual demand to a four-year excessive of 18t. Several components had an impression, together with a slight drop in local gold costs in Q4; rising revenue levels as wage cuts had …
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