Venus Jewel’s Daily Online Diamond Auction at JCK Las Vegas
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Friday,June 10 2022 [ Issue 2 June/ 2022 ]
Venus Jewel’s Daily Online Diamond Auction at JCK Las Vegas
JCK Las Vegas that just launched and will go on till June 13 has 52 Indian exhibitors at the India Pavilion. The Gems and Jewellery Export Promotion Council has taken a contingent of 52 exhibitors to the show and they are to be showcasing a wide variety of trendy and innovative jewellery made for new-age consumers keeping in mind consumers in the US market. India’s total gem and jewellery exports were $38.15 billion in 2021, the US market alone accounted for more than two-thirds (37%) or $14.01 billion, informed the Chairman of the Council. A first look at the Couture Show in Wynn Las Vegas reveals positive energy. According to an official press release, the event that included salons, ballrooms and villas saw steady traffic throughout the day and there was an air of expectant joy at anticipated sales!! The U.S. Bureau of Economic Analysis (BEA) has released preliminary data that was debated during a session at the recently concluded American Gem Society Conclave where panelists mentioned data figures that stated that watch and jewellery sales in the US were up by about 9 percent year-over-year and expected to reach an estimated $125.53 billion this year . In 2021, rise in watch and jewellery segment was reported at 103% by the BEA and reached an estimated $115.29 billion, a 51% increase year-over-year, according to preliminary data released by the governmental Bureau. The brand will conduct its first ‘PDS @ Show’ at the event. Venus Jewel conducts Preferred Diamond Selectio
 
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