Summary
Mr Rabalais is a 36 year veteran of the retail, wholesale manufacturing and Internet Jewelry Industry. He is a former Retail jewelry store owner and currently owns a jewelry and watch appraisal company and does consulting to jewelry companies on entering the highly successful Internet sales arena. The internet jewelry sales area is the fastest growing area of the jewelry industry
Analysis
To begin with Zales jewelers has been around since the 1940's and is one of the largest jewelery chains in America. JC Penny has been selling jewelry for at least 75 years etc. etc. Maybe gold sales have decreased in the US, but the sales of platinum jewelry has increased, which is a change to higher priced metals, because White colored metal jewelry is the current best sellers. Also factor in all of the gold recycling going on and there is an explanation for the drop in gold jewelry sales. Low quality will always be here and will sell same as high end jewelry. Currently on the Internet Sterling Silver jewelry is one of the hottest products. China right now is undergoing the same type of boom that we experienced after World War II. The current position China occupies on the world stage, with higher wages and freedoms to its population underscores the fact that everyone loves jewelry and will spend to own it once they have the means to purchase it.
