Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.


Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

585*GOLDEN calculated how much customers spend on gifts for their birthday

14 september 2023

Analysts of the jewelry chain 585*GOLDEN calculated how much customers spend on jewelry gifts to themselves on average in Russia.

The study took into account only purchases with the application of a personal discount for the client's birthday.

The average amount that the network's customers spend on jewelry gifts to themselves was 13,587 rubles. The most expensive purchases in this category were made in Moscow and Krasnoyarsk in the summer of 2023 – an average check of 16,300 rubles was recorded here. The smallest check was recorded in Ufa – 11,973 rubles.

Earrings with precious and semi-precious stones are in the greatest demand: their share in total sales is 25%.

In the same category, a purchase with the highest check for June-August 2023 was recorded: in Moscow: on her birthday, a client purchased gold earrings worth 274,950 rubles. The product is studded with six diamonds weighing up to 1 carat and a pavé of small diamonds.

The second place among the most popular jewelry gifts is occupied by necklaces and chains: their share in total sales was 19.2%. The third largest category was studded rings (17.3%).

The remaining positions in the ranking of the TOP 10 most popular gifts are occupied by pendants, bracelets, signet rings, piercing jewelry, brooches, wristwatches and tableware. The latter are included in the additional range of the jewelry chain.

Alex Shishlo for Rough&Polished