Wholesale jewelery sellers are currently not able to put complete emphasis on gold wholesale jewelry. Rising gold prices have put gold jewelry out of the buying list of many consumers. It is interesting to observe the reaction of consumers to rising gold prices. Most wholesale jewelry sellers have reported an increase in the sales of silver wholesale jewelry. This more or less compensated for loss in revenue of gold jewelry, but the future might not be so smooth.
A consistently high price for gold, could encourage buyers to go for other forms of luxury purchases. Retailers of branded garments, shoes and even watches might start reaping the benefits of such buyer shifts. Wholesale jewelry sellers might have to worry about this possibility and prepare for the change. At the same time, creative merchandising in terms of jewelry designs, gemstone choice etc would help to avoid a drastic fall in sales for some wholesale jewelry sellers.
This report is compiled by: http://www.bbjbangkok.com/ jewelry experts from Thailand.
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