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On the other hand, Silvershop, which was based in 1999, has now expanded to seven stores in Queensland making it a small chain. After 121 years of operation, the Thomas family determined to shut its iconic Bourke Street Mall store in Melbourne in October 2017, in addition to the Warnambool, Wagga Wagga, Albury, Shepparton, Bendigo, Ballarat and Geelong stores. Australian jewelry retailing has undergone significant evolution over the past decade, but, surprisingly, the adjustments are very different to what was anticipated when Jeweller revealed its final State of the Industry Report in 2010.

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Some man-made gems can serve rather than natural gems, corresponding to cubic zirconia, which can be used in place of diamond. Most cultures in some unspecified time in the future have had a practice of maintaining giant quantities of wealth stored in the form of jewelry. Numerous cultures retailer marriage ceremony dowries within the form of jewelry or make jewelry as a method to store or show cash. Alternatively, jewelry has been used as a forex or commerce good to purchase and promote. Sumeth Prasongphongchai, director of GIT, warned that failing to align with the growing sustainability development presents a major danger for entrepreneurs. He advised that their manufacturing processes ought to fulfill the standards prescribed by the Responsible Jewellery Council .