SINGAPORE - For all the talk of a global retail slump, one thing will never go out of style: diamonds. In fact, an economic downturn only makes luxury jewellery more valuable over time, say industry players.
During a "period of crisis" two to three years back, Italian jewellery label Zydo actually managed to increase its turnover, said company director Jack Zybert. He added that back then, a weak market affecting industries from real estate to jewellery had swayed confidence worldwide. But he took the opportunity to invest in rare stones and create new collections instead.