Luxury groups are increasingly relying on jewellery sales for growth as fashion stumbles, with segment leaders like Richemont and LVMH reporting strong gains. Vontobel analysts note jewellery "punches well above its weight" with steady growth and stronger margins. A rally in gold has significantly boosted jewellery's appeal as an investment, attracting shoppers away from traditional luxury fashion items. This sustained global interest in gold-backed jewellery as an investment could support international gold prices, potentially influencing local sarafa rates in Pakistan.
بحوالہ / Source: www.brecorder.com