New Market Study Published: Jewellery in South Africa
The market for jewellery items in South Africa remains highly dependent on favourable economic conditions that put the consumer in a better position in terms of spending power. During the review period, consumer spending was under strain as the cost of living continued to escalate at a much faster rate than income growth for the average consumer. Considering that jewellery items are deemed to be luxury items, consumers were seen to cut their spending on luxury items as well as...
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