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 spent on jewelry in the resort cities of Russia

23 october 2023

The analytical center of the jewelry chain 585*GOLDEN investigated the statistics of summer sales in the resort cities of Russia and found out how much customers spent on jewelry on average and which models were popular.

Jewelry sales reflect seasonality – they traditionally grow before holidays, during major discounts, as well as during the holiday season, because during summer holidays many people plan a marriage proposal, plus people are more inclined to spontaneous shopping on a trip.

In the ranking of cities with the highest indicators of seasonal demand for jewelry were the resorts of the Krasnodar Territory: Gelendzhik (sales growth compared to winter +314.6%), Anapa (+196.9%), Tuapse (+168.4%), Yeysk (+173%), Sochi (+153.8%), Novorossiysk (+128.4%), Temryuk (+114.9%).

There is a noticeable increase in demand in the Republic of Dagestan: Derbent (+105.6%) and Kaspiysk (+103.3%). Sales increase was recorded in Gorno-Altaysk (+173.4%), Kyzyl (+116.6%), Simferopol (+115.7%), Kaliningrad (+109.3%), Taganrog (+93.9%) and Nakhodka (+93.6%).

The highest average receipt for jewelry purchases was registered in Taganrog and amounted to 14,022 rubles, the lowest value was recorded in Gorno-Altaysk at 10,152 rubles. The rest of the cities showed intermediate values.

As noted in the jewelry chain, the experience of communicating with customers in resort towns shows that often the motive for buying jewelry is the desire of clients to bring memorable gifts from vacation to themselves and loved ones.

The rating of the most popular models among buyers included a single stud earring with diamond and cubic zirconia, paired earrings with diamonds and topaz, braided gold bracelets "Triple Diamond" with diamond facet and "Nonna", as well as gold chains of "Bismarck" and "Shell" weavings.

Separately, analysts noted a high share of sales of wedding rings that stood at 42.7% of the total number of purchases.

Alex Shishlo for Rough&Polished