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Learn moreJan 2021
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Luxury jewellery strongly depends on the cost of raw materials, especially gold, and currency exchange rates. In 2019 and 2020, the cost of gold increased significantly, leading to the increase of unit prices on gold luxury jewellery.
Many affluent Russian consumers consider luxury fine jewellery as a good investment during times of economic crisis. In fact, wealthy consumers are more inclined to invest their spare finances into luxury jewellery during times of uncertainty and complicated economic conditions.
RLG OOO maintained its lead in luxury jewellery in company terms in 2019, despite losing shares to second-placed Tiffany Russia OOO. However, in brand terms, RLG’s Cartier brand plays third place to Tiffany & Co (Tiffany Russia OOO) and Bvlgari (Bulgari Russia OOO).
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Overview
Discover the latest market trends and uncover sources of future market growth for the Luxury Jewellery industry in Russia with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Luxury Jewellery industry in Russia, our research will save you time and money while empowering you to make informed, profitable decisions.
The Luxury Jewellery in Russia market research report includes:
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.