Education, Science, Technology, Innovation and Life
Open Access
Sign In

Dynamic Analysis of Ruby Price Changes on Future Trends in the Jewelry Market Based on Genetic Algorithm Model

Download as PDF

DOI: 10.23977/ferm.2023.060909 | Downloads: 23 | Views: 448

Author(s)

Jiayue Xin 1

Affiliation(s)

1 School of Statistics, Capital University of Economics and Business, Beijing, 100026, China

Corresponding Author

Jiayue Xin

ABSTRACT

As a precious gemstone, ruby's price fluctuations have an important impact on the jewelry market. However, accurate analysis of ruby price trends and their impact on the future of the jewelry market has been difficult. This article aims to reveal the impact mechanism of ruby price changes on the future trend of the jewelry market through dynamic analysis based on a genetic algorithm model. To achieve this goal, we collected relevant data including supply and demand data, market stability indicators, changes in consumer demand and external factors, and applied genetic algorithm models for analysis. Through the analysis of data and the operation of the model, this article has obtained the trend prediction of ruby prices and the impact of price changes on the jewelry market. The contribution of this study is to provide a dynamic analysis method based on a genetic algorithm model, which can more accurately predict the trend of ruby prices, and provide an in-depth analysis of the factors affecting the price changes on the jewelry market. These research results provide important references for practitioners in the jewelry industry, allowing them to better understand market dynamics and make appropriate decisions. At the same time, this study also provides reference and inspiration for future research on dynamic analysis of trends in the jewelry market.

KEYWORDS

Genetic Algorithm Model, Ruby Price Changes, Jewelry Market, Dynamic Analysis

CITE THIS PAPER

Jiayue Xin, Dynamic Analysis of Ruby Price Changes on Future Trends in the Jewelry Market Based on Genetic Algorithm Model. Financial Engineering and Risk Management (2023) Vol. 6: 62-69. DOI: http://dx.doi.org/10.23977/ferm.2023.060909.

REFERENCES

[1] Ratakam P, Petison P. From means to end: Understanding the millennial mind when buying luxury jewelry brands. Journal of Global Fashion Marketing, 2023, 14(1): 35-47.
[2] Thomsen L, Hess M. Dialectics of association and dissociation: spaces of valuation, trade, and retail in the gemstone and jewelry sector. Economic Geography, 2022, 98(1): 49-67.
[3] Chen H, Prompanyo M. The Impact of Customer Perceived Value of Contemporary Art Jewelry on Purchase Behavior: A Case of Beijing, China. Modern Economy, 2021, 12(6): 1082-1091.
[4] Brandão A, Ramos S, Gadekar M. Artist jewelry designer entrepreneurship: does it only glitter or is it also gold? Journal of Research in Marketing and Entrepreneurship, 2021, 23(2): 251-267.
[5] Kang H R. A case study on metaverse marketing of jewelry brand. Journal of Digital Convergence, 2022, 20(1): 285-291.
[6] Kurt D. Obesity and compensatory consumption: Evidence from jewelry shopping. Psychology & Marketing, 2022, 39(1): 101-110.
[7] Zahid R, Jaleel J, Mehmood M A, et al. Factors Influencing Purchase Intentions towards Fashion Jewellery: An Exploratory Study. Pakistan Journal of Humanities and Social Sciences, 2022, 10(1): 135-148.
[8] Negev M, Berman T, Goulden S, et al. Lead in children’s jewelry: the impact of regulation. Journal of Exposure Science & Environmental Epidemiology, 2022, 32(1): 10-16.
[9] Pang W, Ko J, Kim S J, et al. Impact of COVID-19 pandemic upon fashion consumer behavior: focus on mass and luxury products. Asia Pacific Journal of Marketing and Logistics, 2022, 34(10): 2149-2164.
[10] Chen Q. Exploring the Development Prospects of International Brands in the Chinese Jewellery Market: Tiffany as an Example. Journal of Economics, Finance and Accounting Studies, 2023, 5(2): 20-24.
[11] Qishen Z, Binyan W, Hao Liu, et al. Overview of the International Ruby Jewelry Auction Market and Analysis of Its Price Influencing Factor. Journal of Gems & Gemmology, 2021, 23(3): 63-71.
[12] Mo M O, Weizhang L, Lei Luo, et al. Analyzing the Laboratory-Grown Diamond Market Development Trend from the Study of International Laboratory-Grown Diamond Brand Building. Journal of Gems & Gemmology, 2021, 23(6): 74-83.
[13] Fening P A, Agyei I K, Bruce T. The Impact of Covid-19 Pandemic on the Traditional Gold Jewellery Industry in Ghana: The Gold Price Factor. Neuroquantology, 2022, 20(17): 131-141.
[14] Christodoulides G, Wiedmann K P. Guest editorial: a roadmap and future research agenda for luxury marketing and branding research. Journal of Product & Brand Management, 2022, 31(3): 341-350.
[15] Zaware N. Gold Retailing in India: The Marketing Inferences from Consumers for Retailers. Vidyabharati International Interdisciplinary Research Journal, 2021, 12(2): 181-191.
[16] Feng H. Research on Innovative Marketing of Baltic Amber Jewellery in China Market. Humanities and Social Sciences Latvia, 2022, 30(1, 2): 93-107.
[17] Kaspin S. Identifying Factors Leading to Gold Losses during the Fabrication Process and Assessing Its Impact on the Smes Jewellery Industry. Turkish Journal of Computer and Mathematics Education (TURCOMAT), 2021, 12(7): 975-985.
[18] Çitir B, Cebeci U, Tuncer Ö. Application of Quality Function Deployment with Different Consumer Behavior of Generations in Jewelry Sector. Technology, 2021, 7(1): 75-92.
[19] Yuridhista R, Ariska D, Xin D, et al. Analysis of Development in the Creative Industry with the Existence of the Craft Sector in Pearl Jewelry in the City of Mataram. Journal Markcount Finance, 2023, 1(3): 182-195.
[20] Pankiw S A, Phillips B J, Williams D E. Luxury brands’ use of CSR and femvertising: the case of jewelry advertising. Qualitative Market Research: An International Journal, 2021, 24(3): 302-325.

Downloads: 18413
Visits: 353761

All published work is licensed under a Creative Commons Attribution 4.0 International License.

Copyright © 2016 - 2031 Clausius Scientific Press Inc. All Rights Reserved.