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Recent media about the precious jewelry industry has already been grim. Rapaport Media reported a 19% decrease in attendance at the renowned American Gem Industry Association show within February. Tiffany released it will close their sixteen Iridesse Treasure Stores, opened in 2004. And coming from the UK may be the news that Expensive diamonds and Pearls, a huge retailer, is within “administration. ”

Exactly what does this all entail for the necklaces industry? JCK, a market publication, recently concluded a series involving roundtables with top manufacturers and retailers. Learn here : the particular industry will consolidate; the credit crunch will still be a trouble keeping inventories on both the production and retail ranges low; the higher price of gold proceeds to be an issue for manufacturers and retailers; and, the two industry sectors will have to find new ways of working together.

Nevertheless despite low supply levels and the credit squeeze, stores will have to be able to keep their racks stocked. Nothing frightens off a potential client quicker as compared to empty showcases. Therefore, it is highly likely that these kinds of retailers will end up being far more available to accepting goods upon consignment than within the past.

It is really an opportunity for jewelry artists, artists that create one-of-a-kind very collectible jewelry and even and also require previously limited their sales plus marketing efforts in order to art and art galleries. The possibility is always to educate the particular consumer about the wonderful work being created by studio performers, a term of which originated after WORLD WAR II and refers in order to an artist doing work alone in his / her studio.

Although some associated with these artists operate high karat yellow metal and use gemstones, a number associated with them use lower cost materials. And it is likely that will artists who make use of both expensive plus less expensive elements in their do the job are quite interested throughout moving their jewelry in this financial state. So, prices which will be high in happy times are probably lower.

The chance for performers would be to expose their very own work to a new new audience, although one that is also interested in valuable jewelry. The prospect for jewelers is to display innovative work. And, the chance for consumers is usually to acquire one-of-a-kind job from artists they might be previously unaware associated with.