LJOW Launches New Age Luxury Metal 'Lumineux Uno'

India: The precious international jewelry association has launched a new age metal which is very prestige, and has higher price than gold and platinum. “Lumineux Uno” promises to be an alternative precious metal both for jewelers & investors.

In India, the price of gold has seen the highest jump in the recent market, gold and silver are the best way for high investment returns. New age metal “Lumineux Uno”, is an advance innovation that shows promises to provide an alternative precious metal, which is of higher shimmer, sharper & more malleable.

According to TechSci Research, “Lumineux Uno” a new age innovation under prestige metals, is premium luxury metal which is combination of gold, platinum, palladium and silver, that consists of 95.5 per cent of pure precious metals. This new innovative metal, costs approximately USD19.23 per 10 grams. This metal can also be used for making jewelries, for both modern & intricate designs.

According to recent report published by TechSci Research, “Global Gems & Jewelry Market Forecast & Opportunities, 2020”, the global market for gems & jewelry is projected to grow at a CAGR of around 6% during 2015-20. In 2014, the gold jewelry segment dominated the global gems & jewelry market, followed by diamond and platinum jewelry. Demand for precious gem stones has also been growing due to changing preferences of younger generation from gold to colored gemstone, platinum and palladium jewelry. Growing brand consciousness is also boosting sales of branded jewelry in developed as well as developing economies, and this trend is expected to gain strengthen over the next five years. Few of the major branded gems & jewelry companies with operations spread across the globe include Tiffany & Co., Gitanjali, Signet, LVMH, Chow Tai Fook, and Richemont.