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 discovers correlation between average receipt value and population of a city

15 february 2024

The 585*GOLDEN jewelry company conducted a study and found out how the average receipt for jewelry in Russian cities correlates with their population.

The study is based on statistical data on the entire network, represented in 80 regions of the country.

The comparative analysis took into account sales in million-plus cities (from 500,000 to 1 million inhabitants), large cities (from 200,000 to 500,000), large towns (from 100,000 to 200,000), medium towns (from 50,000 to 100,000), and small towns (less than 50,000).

The smallest average receipt for jewelry was recorded in small towns. It was 5% - 7% lower than average across the entire network. The highest receipt was observed in large towns and large cities (from 100,000 to 500,000 inhabitants). It amounted to 10,431 rubles per purchase in the group of 24-45-year-old customers and 10,902 rubles in the 45-64-year-old group.

For comparison, in million-plus cities, the indicators in the same groups were 3% and 6% lower, respectively.

Men aged 45-64 from cities with 200,000 - 500,000 inhabitants spend the most on buying jewelry. Their average receipt, including women's jewelry as a gift, was 12,446 rubles.

Large towns and large cities together accounted for 40% of the total volume of jewelry sold, while million-plus cities accounted for 27%. Medium and small cities each accounted for 15% of the network's sales, while the largest cities (from 500,000 to 1 million inhabitants) only recorded 9% of total volume.

Alex Shishlo for Rough&Polished