Russian Jewelry Market

There is no country which is immune to the global crisis, but jewelry business is brisk in Russia. The Russian consumers are turning to gold bullion/coins, jewelry and gemstones as safe investment options. My Russian friends in the gem and jewelry sector are doing very well. For obvious reasons the consumers aren't very happy with the Russian currency (ruble), instead believes gemstones and jewelry are going to appreciate in value. Hard to believe, really. Signs of the times. I wish them good luck.