As per the reports, jewelry still remains a top choice for many fashion industries. The highest consumers of gold are from China, India and United States. Diamond jewelry consumer demands increased up to $80 billion worldwide and US topped its demand in the world with about 40 billion USD. The demands reached its all-time peak record in the year 2017, and its demands are expected to grow in coming years. Diamonds are mostly used for , and about 20% is used for other purposes.

Jewelry like bracelets, necklace, pendant, earrings, etc. are made with different gemstones and metals, and its consumers increase most when the middle-class population increases its financial power. About 70% of jewelry are owned by individuals while others are mostly produced by demands in fashion trends. Though the overall amount spent on jewelry for celebrities and luxury fashion designs are almost average compared with common market consumption. Most consumers purchase jewelry as a gift because of its longevity, durability, and clarity.

Many cultures centuries back value gems and gold as the most priced positions and used them in ceremonies. Chinese and Indian still follow their culture of using jewelry in wedding or sculpturing statues of famous people of their ancient history. India alone buys about 25,000 tons of gold per year and is the 2nd highest consumer of gold. Chinas love for gold and its growing economy in recent years have placed them on top, and it was reported that China made purchase equivalent to the total purchase of India and US.

Jewelry is mostly seen on special occasions, celebrities and fashion design contributions have a great impact on society especially in middle-class society. It was found that a wedding is the highest grossing category for the consumer of jewelry across the globe which involves all sections of the community. For more information please visit https://www.mavysjewels.com/



mavysjewels is the best place to shop for the best jewelry with different types of metals and gems stones. The designs are crafted by a team of fashion enthusiasts to meet the beauty with the best quality.



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