On Data: The Second Week of December
Sherry Smith shares the numbers on independent jewelers’ sales from Dec. 8 to 14.
Number of units sold rose 6 percent, again slightly down from the previous week’s 9 percent increase, and the average retail sale was up 15 percent.
The discounting rate fell year-over-year, 27 percent in the same period in 2020 to 18 percent this year.
Gross sales in the diamond categories were up 23 in the second week of December, while number of units sold rose 15 percent and the average retail sale was up 8 percent.
Discounting has dropped from 32 percent last year to 21 percent during the period this year.
According to multiple sources, Saturday, Dec. 18, aka “Super Saturday,” and Thursday, Dec. 23, are predicted to be the first- and second-busiest shopping days of the holiday season, respectively.
The National Retail Federation reports that more than 148 million consumers plan to shop on Super Saturday despite having started holiday shopping earlier this year.
It would appear there’s still quite a bit of holiday business to be had.
Stay tuned and happy selling!
Sponsored by HiBid
Plus, JSA President John Kennedy talks about the trajectory of industry crime over the last 20 years.
The fair was evacuated temporarily Tuesday after four suspects smashed a showcase and stole jewelry from British jeweler Symbolic & Chase.
Rare & Forever is helping to create an enjoyable diamond buying experience for the millions of newly-engaged couples.
It is the fifth acquisition under the ownership of private equity firm Epiris, which bought Bonhams in 2018.
Experience all the Italian Jewelry market has to offer in Las Vegas.
Retail ounce sales were up 23 percent year-over-year in Q1, according to the recent Platinum Jewellery Business Review.
Scheduled for Sept. 8-11, the event will comprise more than 310,000 square feet of show floor, exhibits, and education space.
Continental Diamond in Minneapolis is awarding a total of $25,000 in prizes via daily sweepstakes.
“Confluence” is happening in August.
He first took a job at then Philadelphia-based Jewelers’ Circular-Keystone in 1963 and retired in 1996.
It cited two recent cases in California, plus incidents in Florida, Kansas, and Illinois.
The 10,000-square-foot location allows for expanded collections from design partners while continuing custom design and other services.
Svetlana Lazar’s “Wishing Well” collection utilizes an innovative component to mimic the movement of water beneath them.
Sponsored by AGTA
All proceeds up to $25,000 will benefit the It Gets Better Project, a nonprofit that supports LGBTQ+ youth.
It’s a reminder that life is best lived with discretion.
The end-to-end software allows for real-time control over all sales, inventory, repairs, customer communications, and marketing.
Associate Editor Lenore Fedow shares her impressions of the Las Vegas Antique Jewelry & Watch Show and a few of her favorite finds.
The Asian Institute of Gemological Sciences aims to set a color standard for the trade name.