Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...


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.

11 april 2024

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

585*GOLDEN named the cities of Russia with the highest demand for wedding rings

06 november 2023

Jewelry retail chain 585*GOLDEN has published a rating of Russian cities with the highest demand for wedding rings in 2023.

The analytical center of the company compared the sales of wedding rings in all 420 cities of the brand's presence in Russia.

According to the number of units sold, the top 10 cities are St. Petersburg, Novosibirsk, Rostov-on-Don, Moscow, Yekaterinburg, Krasnoyarsk, Krasnodar, Sochi, Tyumen, Voronezh. Rings from 585*GOLDEN were chosen on average by every tenth couple of newlyweds in these cities.

Interestingly, the average receipt for products in St. Petersburg and Moscow did not become the highest in the country - it amounted to 15,447 and 17,157 rubles, respectively, while in southern Krasnodar and Rostov–on-Don it was about 18.5 - 19.0 thousand rubles for an engagement ring.

The company also notes that wedding rings show price stability. With an overall price increase for gold jewelry by 25% in 2023, the average receipt for wedding rings increased by only 6.16% compared to the previous year.

Franchise company 585*GOLDEN was founded in St. Petersburg in 2000, and today it is the largest jewelry retail chain in Russia.

Alex Shishlo for Rough&Polished