Gold, silver and diamonds are the most modern commodities in the shopping record of US buyers for the duration of the current festival season. Precious metals exporters from top countries like India have informed a burst in the American buying for gold, silver and diamond jewellery items.
"Export orders from numerous US companies for expensive metals and jewellery products in gold, silver and diamonds have left up at least 20% this season. It seems precious metals objects are going to be hot buying things for the holiday shoppers during Christmas and New Year," Avinash Tiwari, an exporter of gold, silver and polished diamonds from India said.
The festival time in the US begins with Thanksgiving in November and persisting till Christmas, New Year and ends with Mother's Day in February. Festival rummage sales of gold and silver jewellery are expected to strike a record this year, said Tiwari.
According to the International Council of Shopping Centers (ICSC) and Goldman Sachs, approximately 81 million shoppers beat the stores in the US throughout Thanksgiving weekend and they facilitated to improve weekly chain-store sales by 3.5 percent from one year ago. Black Friday contracts and serious discounting illustrates shoppers into the stores for the yearly start to Christmas shopping season. In general for the week, ending November 27, retail sales at the chains increases by 0.5 percent from the previous week subsequent two weeks of lethargic sales.
"Export orders from numerous US companies for expensive metals and jewellery products in gold, silver and diamonds have left up at least 20% this season. It seems precious metals objects are going to be hot buying things for the holiday shoppers during Christmas and New Year," Avinash Tiwari, an exporter of gold, silver and polished diamonds from India said.
The festival time in the US begins with Thanksgiving in November and persisting till Christmas, New Year and ends with Mother's Day in February. Festival rummage sales of gold and silver jewellery are expected to strike a record this year, said Tiwari.
According to the International Council of Shopping Centers (ICSC) and Goldman Sachs, approximately 81 million shoppers beat the stores in the US throughout Thanksgiving weekend and they facilitated to improve weekly chain-store sales by 3.5 percent from one year ago. Black Friday contracts and serious discounting illustrates shoppers into the stores for the yearly start to Christmas shopping season. In general for the week, ending November 27, retail sales at the chains increases by 0.5 percent from the previous week subsequent two weeks of lethargic sales.
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