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A TANGLED WEB

The Latest Jewelry Industry News By Maia Adams, Adorn Insight

No one with even a passing interest in global affairs could deny that as turbulent years go, 2016 will be one to remember. It will also be a year in which international politics have had far-reaching, if as yet unpredictable, effects on the jewellery industry. November 8th, in particular, was a game-changer. In the United States, Donald Trump won the US elections. In India, Prime Minister Narendra Modi announced the demonetisation of old Rs500 and Rs1000 notes. Both events led to serious market volatility. Trump’s victory, and speculation over a revived US economy, sent the dollar higher and gold (which typically has an inverse relationship with the dollar) lower.