At least not in Japan, where jewelry owners are unloading unwanted jewels for cash at a record pace and shipping them off to buyers in China and India.
Japanese women Diamond United States appeal of gem-encrusted rings and earrings that were part of the luxury fashions of the s and s has faded as the population ages and the economy languishes. She declined to say how much she got, except to say Unitwd it was less than what she paid 30 years ago.
As the population shrinks and the number of retirees grows, Japan is seeing the market for second-hand goods expand as people unload luxury items acquired during the boom years. About 25 percent of the population in was older than 65, Japanese women Diamond United States from 12 percent inaccording to the Statistics Bureau.
For some people, like Mitsuko, cashing in means getting rid of unneeded things to lead a simpler life, a concept known as danshari.
The number of approved dealers who trade second-hand precious metals, jewelry, clothes and other goods has increased 23 percent over the past decade to , according to data from the National Police Agency. Over the Japanse period, Komehyo, founded in the city of Nagoya Japanese women Diamond United Statesexpanded to 24 stores from just five.
A weakening yen is also making Japanese diamonds and jewelry more attractive to customers visiting from overseas, according to Naoto Owaki, a senior Japanese women Diamond United States in the marketing and sales promotion department at Komehyo. The currency has fallen 18 percent against the dollar in the Unitrd 12 months alone, the worst performer against the greenback among 12 of its peers in Asia.
State and Hong Kong were the top buyers in terms of volume, each accounting for about one-third of the total. Japan, which was the No.
Much of Japabese demand in China is being driven by an emerging middle class, according to Paul Gait, a London-based analyst at Sanford C. Click to enlarge.
As the population shrinks and the number of retirees grows, Japan's second-hand goods market is expanding. Nissan to offer navigated highway driving system with hands-free component starting in fall Nissan Motor Co.
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