With the worlds economy in a state of flux, and the jewelry industry struggling,the only area of the jewelry business that we see growing is with antique jewelry, specifically antique engagement rings . According to "rappaport news," many jewelry stores are starting to close in the U.S. Since consumers are flocking to internet jewelry stores, physical stores are having a very hard time keeping up with the internet demand.
Chow Tai Fook
China's large jewelry store announced a decrease in sales this year, with their profit declining almost 50 percent! While they are not closing stores, we see this as a trend throughout the world.
Source Link:https://vintagediamondring.com/blog/Jewelry-Stores-Diamond-Prices-and-Antique-Engagement-Ring-Prices-2016/
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