Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices

The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...

23 september 2024

Vladimir Pilyushin: The jewelry market is not stand-alone and moves by the same laws as other markets

Vladimir Pilyushin is editor-in-chief of Russian Jeweler, a leading magazine about the jewelry industry in Russia. He told Rough&Polished about his view on the evolution of the jewelry industry in Russia and touched upon some of its problems.

16 september 2024

How men and women chose gifts for February 14 and what they gave

17 february 2023
Valentine's Day entered the top three popular festive occasions for buying jewelry along with the New Year and March 8, found out during a large study of the customer journey map in the network "585 * GOLDEN".
32% of men and women surveyed reported their intention to buy and give jewelry on the occasion of Valentine's Day.
According to the results of the study, 49% of men are ready to give only flowers on Valentine's Day, 20% of respondents will choose another present for the bouquet. 17% of men planned jewelry as a gift. Another 11.5% of respondents do not give anything on February 14 and do not intend to change anything this year.
At the same time, almost all women expect a gift and signs of attention from their loved ones on this holiday. 59% of women expect to receive at least flowers, and 43% are waiting for both flowers and a jewelry present.
There is a difference in preparing for the holiday: women approach the choice of a present more responsibly and start searching 7 to 10 days before the date. Men also make a gift purchase 3-4 days before the event, however, many - directly on the holiday itself.
Based on these deadlines, in order to find out what was bought for Valentine's Day this year, the 585* GOLDEN network analyzed sales in the period from February 10 to February 14.
Gold jewelry with precious and semi-precious stones became the leaders of sales, they added 25% to the indicator of 2022. This suggests that Russians thoroughly approach the choice of a gift. The increased demand for gold jewelry with precious stones was outlined at the end of 2022 and is only getting stronger every month.
The demand for wedding rings has increased (+ 6.5%), which indicates the beginning of the period of organization and preparation for weddings.

Alex Shishlo for Rough&Polished