The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
US Demand for Gold Jewelry Inches Up 3 Percent
The upswing that began in 2013 continues today but feels “fragile,” as consumers are choosing to spend their money on experiences rather than things.
London--U.S. demand for gold jewelry keeps increasing a little bit each quarter but the continued upswing feels “fragile,” the World Gold Council said in its Gold Demand Trends report released Thursday, as consumers are choosing to spend their money on experiences rather than things.
Demand for gold jewelry in the United States crept up 3 percent in the fourth quarter, from 45.6 tons to 44.4 tons, and rose 3 percent on the year, from 116.6 tons to 119.6 tons.
The WGC said the jewelry industry benefitted from a drop in the gold price in the third quarter, a time of the year when many retailers were restocking for the fourth quarter. The per-ounce price of gold sank as low as $1,080 during that time, according to historical charts from Kitco.
The upswing in demand for gold jewelry in the U.S. began in 2013 and continues to hold, though the WGC noted that the hold feels “fragile.”
Lower oil and heating prices have helped put more money in consumers’ pockets but they are choosing to spend that on travel and leisure, i.e., experiences, rather than retail goods.
“While creeping improvement in economic indicators provides some support, there is little call for enthusiastic optimism in the outlook for 2016,” the WGC stated.
Globally, second half demand for gold jewelry reached its highest level in 11 years, totaling 1,299.9 tons, up 2 percent when compared with the second half of 2014. The last time there was that much global demand for gold jewelry in the last six months of the year was 2004.
For the full year, global demand for gold jewelry 3 down percent, with economic and socio-political concerns causing “significant declines” in a number of markets, Turkey, Russia and the Middle East among them.
The Latest
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The announcement came as the company reported a 23 percent drop in production in Q1.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.