Jewelry purchases in Russia down by 24% in the past 11 months of 2020
Today
The number of jewelry purchases in Russia decreased by
almost a quarter in the past 11 months of 2020, said TASS citing Platform OFD,
the largest Russian operator of fiscal data.
“Retail jewelry sales decreased by 14% in the past 11 months of 2020 in
value terms compared to the same period of 2019 and by 24% in volume (the
number of purchases). At the same time, in April, the decline in sales exceeded
70%,” the company said in a statement.
The average purchase receipt was 6,970 rubles – 14% higher than last year.
In November 2020, sales were 11% lower than last year’s level, according to
Platform OFD.
The Guild of Jewelers of Russia informed that sales of the country’s jewelry
industry in rubles increased by 15% compared to last year, according to
preliminary estimates.
At the same time, prices for jewelry products also increased – by about 60%,
TASS said.
Alex Shishlo for Rough&Polished