November 2022 Jewellery News, Views, Trends And Happenings

As at 30 June 2021, there have been 150 Michael Hill stores in Australia – a loss of five shops on the earlier 12 months and representing greater than fifty two per cent of its 285 total store depend. According to a Goldman Sachs report titled ‘The Rise of Affluent India,’ the number of “prosperous” Indians with an annual earnings of $10,000 or more has grown 12 occasions faster than the overall inhabitants prior to now four years. The report estimates that the prosperous inhabitants is about to reach 100 million by 2027. Amid and beyond the COVID-19 crisis, the necessity for jewelry companies to alter, adapt and evolve is the only certainty. Lorie emphasises that consumers will become “very demanding” following the crisis as a end result of on-line research and competitors – making staff education even more crucial.

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