The Supply issue of gold material will create divergence in the jewelry industry
• Jewelry is considered a luxury product and operates under regulated business conditions, subject to strict management. The significant fluctuations in domestic gold prices, particularly the wide disparity between SJC gold bars and global gold prices at times, have prompted regulators to tighten control over gold sourcing in 2024.• The jewelry market is under pressure to secure gold material for production, leading to a more pronounced divergence within the industry. Specifically, branded jewelry manufacturers and (or) those with strong financial capabilities are expected to maintain a more stable supply of production material, thereby increasing their market share in the retail jewelry sector.
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