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They also spent a little bit less on their engagement rings, the latest study from The Knot shows.
Online and non-store sales, meanwhile, should increase between 10 and 12 percent.
According to its annual survey, 19 percent of shoppers indicated they were going to give jewelry for the holiday.
Jewelers Board of Trade statistics show that the number of store closures was down 41 percent in 2017 while the number of new businesses also shrank.
The National Retail Federation’s final figures for the 2017 holiday season are in, and they’re even better than expected.
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Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.