Factors corresponding to these point out probably weaker short-term client confidence and negativity for future diamond acquisition by the mass markets. Should the Ukraine war stop, an emotional rebound globally is on the cards which could imply a surge in diamond acquisition. This would help by decreasing the overhang of polished stuck within the cutting centres.

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At the time, there have been around 1,000 stores listed, nevertheless a need emerged to refine the analysis by higher defining store varieties and product categories. This course of culminated within the 2010 State of the Industry Report, revealed in December that 12 months. Another small chain, Regency Jewellers, which was based in 1968, has additionally fared nicely. It operated six shops all through regional NSW in 2010 and it still operates the identical quantity at present. The firm additionally owns the Goldsmith model, which has been much less fortunate; seven shops had been closed in the past 10 years, with its numbers falling from 9 to two. Alfredo Salera based the enterprise in 1953; by June 2020, its retailer depend was 20 – an enviable and sustained record for a family-owned and operated …