Artificial Jewellery is most in demand as Gold prices are touching the skies

Gold Jewellery has been the most desired piece of ornament for women for centuries and even today females are really obsessive for it. No doubt gold is one of the expensive metals and its Jewellery is considered to be one of the priciest gift a person can give to a women. Although there has been a decreasing trend in the gold prices some months back but still its prices are above reach of people with average income. The precious metal experienced a huge fall in price until last month but it has started to rise once again.

The craze for Jewellery cannot be taken from a women and when gold prices are going sky high, what can be done? A very simple alternative to this problem has been developed in the shape of artificial jewellery which looks identical to gold. Skyrocketing gold prices, worsening law order situation, increasing incidents of snatching have affected the gold Jewellery business really bad. People are rapidly shifting to artificial Jewellery, as it is within their purchasing power.

The trend of artificial jewellery

The trend of artificial

jewellery shoots up not just because it is inexpensive but is having a huge variety of designs and colors as well. The artificial jewellery currently available in the market looks even better than the yellow metal and has caused a real drop in the sales of the gold accessories.

Locally manufactured artificial jewellery in the country is of the highest quality and can meet its competitors all over the globe very easily. However, the increase in demand of this cheap Jewellery has taken such rapid hype that the local manufacturers are facing difficulties in meeting the needs. On the other hand, the retailers have resolved this issue with importing artificial jewellery from China and Italy, and it has grown even popular among the lower-income population.

Market Trends

Artificial jewellery in the market includes the entire variety of ornaments, including ear-tops, bangles, rings, chains, nose pins, necklaces, toe-rings, anklets, bracelets and much more. The markets are filled with these items and women are buying them like hot cakes. However, due to the rapid increase in demand of artificial Jewellery, its prices are on the rise as well. Of course its prices are nothing as compared to the gold accessories, yet high quality artificial sets of Jewellery might cost as much as $100. This demand of artificial Jewellery is subjected to rising even more if gold prices keep moving towards the skies.