The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The Benchmarking Survey for Jewelers Is Back
The study formerly known as The Cost of Doing Business is back and is now called the Retail Jewelers Benchmarking Study.
New York—Remember the Cost of Doing Business Survey?
Well, it’s back, and it has a new name.
Jewelers of America and the Jewelers Board of Trade announced Tuesday they are teaming up to launch the Retail Jewelers Benchmarking Study.
Using an online platform powered by Dynamic Benchmarking, the study allows retailers to input key data and run dynamic reports.
It is designed to bring retail jewelers the information they need to make informed decisions about their businesses that can improve profitability by allowing them to see how their performance compares with that of their peers.
“Benchmarking shows not only what we’re really good at, but also where there’s room for improvement to help the bottom line,” Jeff Corey, Day’s Jewelers owner and JBT board member, said in a press release. “I’m thrilled that JBT has partnered with JA to produce this valuable tool and encourage all retailers to participate.”
JA and JBT are asking retailers to complete the survey by Oct. 1. Those who complete it by Sept. 17 will be entered to win one of five $100 gift cards.
Once the data collection period ends, participants who complete all the required questions will have access to aggregated data, as well as the ability to compare their financials and key performance indicators (KPIs) using dynamic filters based on demographics of their choice (e.g., location, store size, etc.)
Examples of KPIs include: merchandise units sold, inventory turn, net sales per square foot, employee expenses, cost of goods sold, gross profit and gross profit margin.
In addition, the study includes questions about lab-grown diamonds for the first time.
JA used to publish the Cost of Doing Report; the last one came out in 2015, based on 2014 data.
JA President and CEO David J. Bonaparte said the organization is “thrilled” to be working with JBT to bring back a benchmarking study.
“We know it will be a valuable tool for participants and the industry at large,” he said.
The study is live now and can be completed online at Benchmarking.Jewelers.org.
Only companies that complete the survey will have free access to the interactive and customizable comparative data tables, charts and reports.
All participant information is confidential; reporting is only presented as aggregated results with a minimum of 10 respondents.
Following the data collection period, non-participants can purchase access to the data for $295.
National Jeweler is a for-profit subsidiary of Jewelers of
The Latest
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.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
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.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
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.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.