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Jewellers contend with changing consumer behaviour this season amid high gold prices
Jewelry hasn't lost its shine for gift-givers this holiday season, but business owners are expecting a bit more price sensitivity from customers after a surge in gold prices this year. The holiday season remains a key period for the jewelry industry, with gift items accounting for a significant share of yearly revenues. But jewellers have had to raise prices as the cost of gold sharply increased — soaring roughly 55 per cent year-to-date to top the US$4,000 per ounce mark. “Anybody and everybody I believe is raising prices and if they're not, they should be. Because what you have in stock, you cannot replace for ... (full story)
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