Its the same time of the year wherein the yearly round ups make their way to the news headlines. Twitter, Facebook and Google have just released the top 10 trends observed on their site. While I was going through that, I just thought of compiling a list of top 7 trends observed in our very own jewelry segment, in 2010. The trends are as follows :
High Demand of Sterling Silver jewelry
As the gold prices soared to new heights, sterling silver made a remarkable comeback as one of the sought after fashion trend which went on to become stronger with each passing month. More and more jewelers and jewelry manufacturers are experimenting with sterling silver and have confirmed the strong continuity of this trend.
The bolder, The better - Mantra
It was not just the Bigg Boss which went to become bolder and successful, the jewelry designers too tried to encash the trend. From big cocktail rings to stack of big bangles, bold jewelry styles were flaunted in almost all the party circles. As more and more people are shedding their inhibitions and experimenting with new looks , bolder designs are here to stay.
Consolidation of Key pendants
In the early 2009, key pendants arrived with a bang and became unpredictably popular among the masses. In 2010, this trend got further consolidated and got a wider appeal. A noteworthy observation was the use of this pendant more in gold than any other traditional metal.
The Return of Dangling earrings
Dangling earrings made a grand comeback and were appreciated both by men and women alike. These types of earrings made a unique style statement and added a glamorous look to the overall persona of a women. This trend seems to have longer shelf life and is expected to remain favourite even in 2011.
Metallic Jewelry - Everyone's delight – During the downturn, as the price of other precious metals sky rocketed, punk jewelry got a renewed demand. Bronze, copper and brass became the new eye candies. One more reason for their popularity was their ability to be easily textured which made them a hip jewelry to wear. Jewellers, took creative freedom and gave their buyers a whole new set of designs to adorn their bodies.
Large cuff bracelets: The Gatecrashers – This was a surprise entry and was spotted in most of the upmarket fashion circles . This great accessory worked fine with almost any outfit. Any type of hammered metal like gold or bronze as a bracelet, seemed like a must have by the end of the year.
Nature-inspired Accessories: New Kids on the block – When the entire world has started singing the - Go Green anthem, how can the jewelry industry be left behind? Accessories like snake rings and cuffs, leaf designs, green, yellow and brown gemstones and natural stones were spotted in many high profile fashion segments.
Overall 2010, did not give any path breaking trend even then these trends helped the debt ridden jewellery industry to bounce back and make quick recovery. As they say, "Don't follow the trends, Start them!”, we hope that 2011 will throw new exciting fads with a longer shelf life.
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Silver, like any other commodity, has an intrinsic value, which is not arbitrary, but is dependent on its scarcity and the quantity of labour bestowed in procuring it - David Ricardo
Metals don't lie, at least not in the commodity market. Experts believe that silver will rise exponentially in the next few months. The rise in the price would remain a matter of intense debate both for the investors and the jewelry makers. A recent report released in UK observed that - " This year’s consumer demand has already reached its all-time high, which is 5% more than last year’s volume. In 2010, jewellers bought 10% more silver while the industry increased its consumption by 18% as compared to 2009."
Many forecasters believe that investing in silver may turn out to be more profitable than investing in gold, shares or government bonds. Since the beginning of 2010 the price on silver has gained 46% , delivering better ROI than other metals, including gold.
Sterling silver jewelry manufacturers are unanimous about the surge in demand and are keeping their fingers crossed in anticipation of higher profits. However, a small section of exporters also fear a backlash, in case the price reaches beyond the affordable limits.
Trade pundits acknowledges that Indian silver jewelry has become a hot property among the fashion lovers worldwide. Most people prefer to go with classic and modern designs which not only compliment their looks but also helps them make an original style statement. The young spenders usually prefer funky designs and styles specially in sterling silver necklaces, watches, silver bracelets and earrings.
Industry insiders also add that in 2011, there would be specific demand for silver chains and interlocking hoops. Though some experienced jewelry makers suggest, as has been the case in the past, ethnic influences would continue to remain strong.
Celebrities from all over the world can often be seen flaunting their sterling silver masterpieces giving a huge push to the already rising demand of silver jewelry. With the availability of new funky themes and unique designs, it has carved a niche of its own in a short span of time. It can be said with great conviction that, sterling silver jewelry has succeeded in setting up new benchmarks in the world of jewelry industry.
On the domestic front, most of the research reports and expert's opinion have painted a bright picture for Indian silver jewelry market. Indian silver jewelry exporters too are confident of better prospects next year. It would be of great interest to watch if their performance actually lives up to the expectation in 2011 .
PS: If you are a sterling silver jewelry exporters , get your online catalogue today and make profits by tapping the business queries being generated on the web, 24/7. To know more click on Silver Jewelry suppliers.