29.10.2024, 08:19
Russians rushed to buy jewelry
Source: OREANDA-NEWS
OREANDA-NEWS There is a growing demand for jewelry in Russia. This was reported by Vedomosti with reference to the World Gold Council (WGC)
It turned out that in six months the total weight of jewelry sold in Russia amounted to 17.2 tons. This is four percent higher than in the same period last year. At the same time, demand for this product is growing despite the rising price of gold and the global trend of declining sales of such products. In the second quarter of 2024, the total weight of jewelry sold in the world turned out to be the lowest since 2020.
According to Alina Kolpakova, head of the analytical center of Sokolov jewelry company, jewelry sales in Russia are increasing faster in monetary terms than in kind. The corresponding retail market has reached 199 billion rubles in monetary terms in six months. This is almost 30 percent higher than the results of the same period last year.
The average bill for jewelry has also increased. In the first half of 2024, it amounted to 6858 rubles. This is 17 percent more than in the same period in 2023.
In early August, it was reported that since the beginning of 2024, jewelry prices have increased by 13 percent. And compared to June 2023, the price increase is estimated at 26 percent.
It turned out that in six months the total weight of jewelry sold in Russia amounted to 17.2 tons. This is four percent higher than in the same period last year. At the same time, demand for this product is growing despite the rising price of gold and the global trend of declining sales of such products. In the second quarter of 2024, the total weight of jewelry sold in the world turned out to be the lowest since 2020.
According to Alina Kolpakova, head of the analytical center of Sokolov jewelry company, jewelry sales in Russia are increasing faster in monetary terms than in kind. The corresponding retail market has reached 199 billion rubles in monetary terms in six months. This is almost 30 percent higher than the results of the same period last year.
The average bill for jewelry has also increased. In the first half of 2024, it amounted to 6858 rubles. This is 17 percent more than in the same period in 2023.
In early August, it was reported that since the beginning of 2024, jewelry prices have increased by 13 percent. And compared to June 2023, the price increase is estimated at 26 percent.
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