Searching for Russian Jewelry Market information? Follow the links below to find all the information you need and more.
https://www.etsy.com/market/russian_jewelry
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http://www.russianamericanbusiness.org/main/content/jewelry-market-russia
The Russian jewelry industry is confronting the challenges of a declining economy. Retail sales figures continued to plummet in 2016, declining by one third over the year. The fall has been particularly noticeable in the diamond jewelry category, as it meets the competition from less expensive stones.
https://www.euromonitor.com/jewellery-in-russia/report
Headwinds from many directions are expected to hit fine jewellery hard, including ongoing declines in consumer disposable incomes, rising raw material costs, notably for gold, a weaker Russian rouble and delayed or cancelled consumer purchases. COVID-19 increases existing challenges for costume jewellery in 2020
https://www.bcg.com/en-us/news/7november2020-russian-luxury-markets-start-to-recover
Nov 07, 2020 · The jewelry and luxury sales market in Russia has struggled to stay afloat in recent years as 45% of Russian consumers make their luxury purchases abroad, BCG’s Ivan Kotov tells the Financial Times. He explains that the pandemic has battered domestic retail markets, with sales dropping 50% to 70% in the past year. However, Kotov notes that Russia’s luxury market has been gradually ...
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