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Gold's high prices boost traffic but slash jewelry sales by 11% in London's Hatton Garden.
Record gold prices are impacting London's Hatton Garden jewelry quarter.
While central banks' high demand for gold as a safe-haven investment boosts foot traffic, the rising costs make jewelry unaffordable for many, leading to an 11% drop in jewelry sales in 2024.
Jewelers face more sellers than buyers and are shifting to alternative materials like blue resin.
Despite challenges, total spending on jewelry rose 9% due to higher prices.
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Los altos precios del oro aumentan el tráfico, pero reducen las ventas de joyas en un 11% en el Hatton Garden de Londres.