Kaiser, whose illustrious career spanned decades, died suddenly on Friday.
Consumers to Spend $4.2B on Jewelry This Mother’s Day
The National Retail Federation’s recent survey shows that more than one-third of shoppers will give jewelry as a gift for mom this year, spending an average of $96.
Washington--According to a recent survey from the National Retail Federation, 35 percent of shoppers plan on giving jewelry as a gift this Mother’s Day. They are expected to spend an average of $96, down slightly from the $103 consumers said they were going to spend last year.
Total spending on jewelry for Mother’s Day is expected to hit $4.2 billion this year, which also is down from last year’s prediction, $4.32 billion.
All told, U.S. consumers are expected to spend $21.4 billion on gifts for mom across all categories this year. Individually, they will spend an average of $172.22, down slightly from last year’s record high of $172.63.
In addition to jewelry, shoppers indicated they would spend on flowers (67 percent), “special outings” like dinner or brunch (55 percent), gift cards (43 percent), clothing (35 percent), electronics (14 percent) and personal services like a day at the spa (23 percent).
For the first time, NRF also asked consumers about experiential gifts like tickets to a concert or sporting event. According to the survey, 24 percent want to receive a gift like this while 22 percent plan to give it.
When asked where they will shop, one out of three consumers indicated they will head to department stores and 29 percent will shop at specialty stores, while 23 percent plans to shop at a local small business.
Outside of brick-and-mortar, 27 percent will shop online, up from 25 percent last year. Thirty percent will research gift ideas on their phones while 16 percent will use them to actually make a purchase.
“It’s clear that Americans want to honor their mothers this Mother’s Day,” NRF President and CEO Matthew Shay said. “Whether it’s a special meal at her favorite restaurant, jewelry or a new smartphone, families are planning to indulge mom again this year.”
He will step into the retailer’s newly created role of chief development officer.
When it comes to knowing the identity and quality of your pearls, count on GIA as your independent pearl experts.
GemIntro is meant to give a broad introduction to gems and gemology.
Three industry experts discuss “recycled” gold vs. mined, their challenges and benefits, and how jewelers can navigate the area.
Cartier, Van Cleef & Arpels, and Buccellati put on stellar performances.
Advanced technology levels the playing field, helping jewelers give customers what they want.
The New York jeweler made this incredible, colorful Art Deco bracelet featuring tropical birds in 1927.
Once a part of Julius Klein Group, the diamond company combines its direct supply and cutting expertise with a keen eye to the future.
John A. Green of retailer Lux Bond & Green and Niveet Nagpal of Omi Privé have joined the board of directors as of May 18.
The retailer also said demand for Rolex, Patek Philippe, and Audemars Piguet watches continues to exceed its supply.
The Connecticut jeweler reflected on five decades in the industry and what the future holds for the family business.
The chapter has organized a day trip to the Sterling Hill Mine and Museum in Ogdensburg on Saturday, May 21.
The stones come from a deposit close to Mahenge and have been on the market for several months.
The jewelry designer is partnering with popcorn brand Angie’s Boomchickapop on a whimsical diamond cut.
In the latest article from The Smart Lab, Emmanuel Raheb outlines the website changes jewelers can expect with this new software.
The new app allows salespeople to quickly and easily access a lot of inventory.
Following its Paris debut, “Cartier and Islamic Art: In Search of Modernity” has landed at the Dallas Museum of Art.
The Kansas retailer is aiming for a fall 2023 opening.
It will be located in Vietnam’s Binh Duong Province, and construction is slated to start early next year.
The company is feeling the impact of the uncertain geopolitical and macroeconomic environment, said CEO Beth Gerstein.