People Are Interested To Spend More On Traveling Instead Of Investing On Diamonds: Prices Fall

Oct 4, 2023

News

The prices of rug diamonds have dipped as consumer behavior changed in the post-pandemic era. Based on the CNN report of CNN, people are shying away from investing in such luxury items. The Zimnisky index reports said the prices have reached their lowest point in many years.

According to industry analysts, diamond prices are changed in terms of customers’ preferences who prioritize experiences such as traveling over luxury goods and dining out. A diamond analyst, Paul Zimnisky, said that consumers had extra spending during the pandemic since expenditure on traveling and dining was considerably low.

Another diamond analyst, Edahn Golan, said diamonds are a consumer-driven market. He stated in an interview, “Shopper demand for diamond jewelry influences rough diamond prices and, to an extent, retail prices. Retailers stoke consumer demand by pouring hundreds of millions of dollars into advertising.” The sales rate of diamonds is expected to see the final jump during the winter holidays, and it will be in early 2024. There will be many holidays in this period, including Valentine’s Day and Christmas. Retailers don’t know how to adjust in-store prices based on the rough diamond market in the short term.

Learn More About:

  • How To Save Money On Your Next Trip?
  • Olight Warrior Mini 2 Edc Tactical Light

Share on Social Media

Leave a Reply

Your email address will not be published. Required fields are marked *

title-img Related

READ MORE World's Most Famous Christmas Tree Has Reached Trafalgar Square

World’s Most Famous Christmas Tree Has Reached Trafalgar Square

BY Sarmind SafiDec 5, 2023

The people of Norway have sent a Christmas tree to Trafalgar Square. Every year since 1947 it has been a tradition of Norway to send Britain a Christmas tree in order to commemorate their support during the Second World War. The Norwegian spruce is nearly 20 meters high and is around 70 years old. It has been chosen to be the "queen of the forest" from the woodlands of Oslo. It was felled in the presence of the Lord Mayor of Westminster, Patricia McAllister, who described the spruce saying it was "spectacular". Every year, the selected tree is brought to the UK by a sea route which then ends up getting delivered by a lorry. The Christmas lights will be draped vertically in traditional Norwegian style. The energy efficient bulbs will be switched on during a ceremony on Thursday 7 December. Ms McAllister helped fell the Christmas tree in Oslo. "It was astonishing, spectacular, emotional: especially when the tree was hoisted [from where it's been for] the last 70 years," she said. "It really is a spectacular tree. It's stunning." She further added. Few of the previous Christmas trees that were sent From Norway, were not so warmly received. They would sometimes be of the opinion that they were either "sparse" or "anemic". However, the Norwegian foresters who take care of these trees described the chosen tree to be the "queen of the forest". Every year The Poetry Society commissions a poem based on the Oslo Christmas Tree. This year poem is set to be called "T for Tree" written by Isabel Galleymore. It is composed mainly for children and it will be read during the tree-lighting ceremony. The spruce will stay in Trafalgar Square until the 5th of January when it will be composted and chipped. Read Also: Traveling Christmas Tree For The Western Lawn Of U.S. Capitol Ghana Is Ready To Host The Rest Of The World: Ghana Tourism Authority On Christmas Concerts Excited For Christmas? Leicester Square’s Glittering Christmas Market Is Returning To London From Nov 8

READ MORE Play Airlines Is Celebrating Black Friday And Cyber Monday Deals

Play Airlines Is Celebrating Black Friday And Cyber Monday Deals On Flights To Europe

BY Sarmind SafiNov 25, 2023

For Black Friday, Cyber Monday, and Travel Tuesday, Play Airlines is offering a new deal. You can now get a 35% discount on flights from Stewart Airport to several popular European destinations, including Iceland, Paris, Berlin, Frankfurt, London, Copenhagen, Dublin, and Amsterdam. This offer is valid between November 24th and 28th, and you can book flights for travel between December 2023  and May 2024 on flyplay.com. You do not need a promo code to avail of this offer. Two former executives of Wow Air, which ceased operations and went bankrupt in March 2019, founded Play. The airline has been operating daily flights from Newburgh to Reykjavik since June 2022, and it has been expanding its list of destinations. Recently, Play launched new routes to Amsterdam, Glasgow, and Venice, allowing travelers to plan spring getaways, summer trips, and spontaneous vacations, as stated by Play CEO Birgir Jónsson. For Hudson Valley residents, Stewart Airport is a convenient option, while for those coming from New York City, Play provides a Stewart Airport Express shuttle that is timed with its flights. “(Stewart) is a popular airport for New York and surrounding area travelers as it offers the convenience that other airports in the area do not. It is uniquely situated as a hub for travelers in Manhattan, the growing Hudson Valley area, and surrounding states,” Jónsson said. Play's fares encompass all necessary fees, taxes, and carrier charges. However, there are limitations and baggage fees that may apply. You can visit Play's website to obtain more information on their baggage fees. From Friday, November 24 to Tuesday, November 28, Play Airlines, an Icelandic budget airline, is providing a discount of 35% on its already budget-friendly flights from Boston Logan International Airport (BOS), Baltimore/Washington International Thurgood Marshall Airport (BWI), and New York’s Stewart International Airport (SWF) to various destinations in Europe. Reyjavík Paris Berlin Frankfurt London Copenhagen Dublin Amsterdam Read More About: Venice Reveals 2024 Dates For Tourist Entry Fees: Report Zanzibar Or Oman: Which Do The Hungarian Tourists Like?

READ MORE Zanzibar Is Luring Tourists With A 30Kg Christmas Cake

Zanzibar Is Luring Tourists With A 30Kg Christmas Cake  

BY Sarmind SafiDec 1, 2023

The World Food Association said in 2022 that culinary tourism is crucial in order to boost local pride. It will help attract travelers that are sustainable. Food and drink intake plays a huge role in the tourism industry. During holidays everyone is bound to eat and research has shown that tourists are as attracted to culinary experiences as they are to the natural beauty of their destination. Travelers are also seen to be willing to pay more for local food and unique tastes. Keeping this in mind the Maru-Maru Hotel in the Stone Town has decided to involved the tourists in this hotel. The staff led by chefs will be mixing the ingredients for a special cake for this year's Christmas Holiday. Reception manager Phillip Mwakimo spoke at the event, and said, “Getting our visitors and staff from the kitchen in mixing ingredients for the Christmas cake, is an interesting exercise and sort of fun that many tourists enjoy.” According to the chefs the cake weighing 30kgs will be baked on Christmas Day after soaking some of the ingredients for over 20 days to soften them with alcohol. Mr Odd-Helge Fjeldstad, one of the enthusiastic visitor in Zanzibar said during the mixing of the cake at the rooftop of the hotel, “I am happy to witness the mixing of the cake.” Zanzibar's leading industrial sector is its tourism. It contributes to more than 60,000 jobs and over 25% of the Isles GDP. Learn More About: Record-Breaking Holiday Travel Anticipated As TSA Prepares For Busy Season! The Italian Train Group FS Will Launch A New “Night Train Like Hotel”: Rome To Dolomites Chinese And US Presidents Have Come To A Common Ground Regarding Tourism Facilitation!