De Beers shines light on budding jewellery designers

Diamond giant De Beers will this year conduct its bi-annual Shining Light Awards jewellery design competition. De Beers beneficiation manager Kagiso Fredericks told Rough & Polished's Mathew Nyaungwa in an exclusive interview they set aside 4.5 carats...

22 july 2024

DiaMondaine Diamantaires Club mulls diamond safari tours in southern Africa

DiaMondaine Diamantaires Club (DDC) is set to organise diamond safari tours in southern Africa, home to major diamond-producing countries. DDC founder Agnes Abdulahu told Rough&Polished’s Mathew Nyaungwa that the launch of the first diamond safari...

15 july 2024

Vladislav Zhdanov: Questions of efficiency and investment potential of diamond mining versus diamond growing pique keen interest

Vladislav Zhdanov is Professor at the National Research University Higher School of Economics (HSE). He told Rough&Polished about new researches into the effectiveness of diamond production methods.

02 july 2024

Why it's expensive to cut and polish diamonds in Africa? ADMA president António Oliveira has the answer

The African Diamond Manufacturers Association (ADMA) president António Oliveira told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that the lack of a robust infrastructure in Africa fails to accelerate and encourage manufacturing...

24 june 2024

Edahn Golan: IPO feasible but not Anglo’s preferred way to sell De Beers

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough&Polished's Mathew Nyaungwa in an exclusive interview that while an IPO of De Beers is “feasible,"  he does not think this is a route Anglo American...

17 june 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