The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
Demand for gold jewelry up slightly in the US
It rose 4 percent to 22.4 tons in the period, up from 21.5 tons in the first quarter 2014, the fifth quarter in a row that demand has increased.
London--Demand for gold jewelry in the United States continues to inch up just a bit every quarter, the World Gold Council’s Gold Demand Trends report for the first quarter shows.
U.S. demand for gold jewelry rose 4 percent to 22.4 tons in the period, up from 21.5 tons in the first quarter 2014, the fifth quarter in a row that demand has increased.
Specifically, U.S. consumers continued to go for higher-carat jewelry but were cautious in their spending.
The WGC said while gold jewelry imports to the U.S. also increased in the first quarter, a sign the trade is stockpiling for sales in the second half of the year, the general mood is one of guarded optimism, with a mix of factors coming into play.
The report states of the U.S. market, “Rising household wealth and economic growth provide support, but conservative consumer attitudes toward spending and a general lack of innovation in the design and market are potential headwinds.”
A market where jewelers struggled for years to sell gold, especially during the economic downturn, the U.S. has seen jewelry demand increase year-over-year in eight of the last 10 quarters, with the only declines coming in the third and fourth quarters of 2013.
It was a “pocket of strength” in the first quarter, a quarter in which global gold sales fell and one that was “generally quiet” worldwide for gold demand as a whole, the WGC said.
Globally, demand for gold--counting jewelry, technology and investment sectors--fell 1 percent year-over-year in volume terms in the first quarter.
Demand for gold jewelry was down 3 percent, including a 10 percent drop in China where buying for the Chinese New Year was “restrained,” the report states.
The average price of gold was down 6 percent compared to the same time a year ago, dropping from $1,293.10 to $1,218.50 per ounce, but is up slightly from the fourth quarter when it averaged $1,201.40 an ounce.
The Latest
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
May’s birthstone is beloved for its rich green hue and its versatility.
Jacqui Larsson joins Opsydia with nearly two decades of experience in the industry.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
The brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
Sales will be paused while the relocation takes place over the next few months.
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
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.
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.
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.