The Swiss watchmaker said the company’s plans to use a new version of the Hallmark crown on jewelry would confuse consumers.
NPD Group Says Watches Poised to Do Well
Coming off a strong first half of 2018, the market analysis firm is expecting a solid holiday performance for timepieces.
Port Washington, N.Y.—According to market analysis firm The NPD Group, quite a few consumers can expect to receive a timepiece as a Hanukkah gift or wrapped up beneath their Christmas tree come Dec. 25.
In the first half of 2018 watch sales were up 8 percent over the year prior, the strongest half-year watches have recorded in three years.
NPD is taking that as an indicator that the second half of 2018 will be just as fruitful.
Luxury timepieces account for much of the category uptick, with sales of watches priced above $3,000 increasing more than 10 percent so far this year. NPD noted that for brands like Rolex and Patek Philippe, which don’t sell direct to consumer or online, this will benefit the independent jewelers that carry them.
High price tags don’t necessarily mean the best-selling watch models are formal, however; sports models are currently outperforming dress models as society becomes more sartorially casual.
Sales of women’s watches will continue to grow after seeing an increase in sales in the first half of 2018 after three years of decline.
Cartier ladies’ styles will lead the way, but there is also a growing emphasis on unisex styles, even ones that couples can share via interchangeable bracelets and straps that don’t require tools.
One style that’s a safe bet to give to an individual (or couple) is a blue dial timepiece, a trend NPD said is continuing to gain momentum.
Though an NRF survey showed that fewer consumers shopped between Thanksgiving and Cyber Monday, numerous reports indicated that overall sales were up, a sentiment echoed by the 10 retailers National Jeweler interviewed post-holiday weekend, who overall predicted a strong rest of the year.
The Latest
The executive talked about the importance of self-purchasers and how fuel cell electric vehicles are going to fuel demand for platinum.
The Indian jeweler’s new store in Naperville, Illinois marks its 350th location, part of its ongoing global expansion plans.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
It will award a graduating high school student with about $10,000 toward a GIA diploma and an internship with the Seattle-based jeweler.
Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
Nicolosi, president and CEO of The Kingswood Company, previously sat on WJA’s board from 2011 to 2018.
Karina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
“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.
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.”
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.