Dollar’s Weakness Hits Americans

With the dollar continuing to sink against the euro, BaselWorld 2005 was no bargain for American buyers. The European pavilions were conspicuously slower than the generally mobbed buildings for Asian, Indian, Turkish, and other national delegations. European designers responded to the dollar/euro situation either by bringing labor costs down or adjusting their designs to use fewer stones, less metal, or alternative materials. Others had wisely hedged against a currency fluctuation, although this only worked until inventory ran out. The currency issue was of less concern on the higher end. Quite a few European manufacturers said that while the American market is tough right now, there's a tremendous emerging market in both Eastern Europe and non-Japanese Asia, and strong buying from both has helped to offset losses of American business. There was no one single overriding trend. Colo
JCK PRO

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).

SUBSCRIBE TO CONTINUE

Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out