FOCUS 10 | JNA November/December 2022 2022年回顾：珠宝行业审慎乐观 Prudent optimism in the jewellery sector 2022 in review: Industry stakeholders are taking a cautious stance amid continued macroeconomic volatility. Steady gains, marked by robust demand for high-end goods with investment value alongside stronger consumer desire for meaningful purchases, are however fuelling hope and optimism in the trade. 在宏观经济持续波动的情况下，行业利益相关者态度谨慎。然而，消费者对 具有投资价值的高端货品趋之若鹜，对具有意义的购买呈强劲需求， 这些是稳定增长的标志，并为行业注入希望和乐观情绪。 | Bernardette Sto. Domingo 杜明高 | With 2022 drawing to a close, industry leaders are taking stock of bright spots and hurdles during what they describe as a “promising and interesting” year. Throughout 2022, the international gemstone and jewellery trade demonstrated incredible resilience in the face of continued challenges – Covid-19, rising inflation in the US, the Russia-Ukraine war, and a generally unstable macroeconomic environment. The gem and jewellery business started to pick up amid difficulties, albeit gradually, as major markets progressively relaxed pandemic restrictions by end-2021 to early 2022. The US ended 2021 with US$886.7 billion in holiday retail sales, up 14.1 per cent from 2020, thanks to solid consumer demand. Clothing and clothing accessory stores, which include jewellery retailers, recorded the
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