The report shows that couples are searching for vintage and antique rings, gold jewelry, pearls, and colorful pieces.
33 percent of rich women want jewelry for the holidays
Fine jewelry and watches top the wish lists of some of the wealthiest American women this holiday season, a new survey finds.
Atlanta--Fine jewelry and watches top the wish lists of some of the wealthiest American women this holiday season, a new survey finds.
According to preliminary results of the latest survey from the Atlanta-based American Affluence Research Center, 33 percent of affluent women surveyed said they want fine jewelry/watches for the holidays, a desire topped only by money/gift cards at 44 percent.
Overall, the survey shows that while wealthy Americans plan to spend a little less on holiday gifts this year on a per-household basis, more plan to shop, which will be enough to buoy the total holiday spend.
A total of 97 percent of affluent consumers polled said they will buy Christmas or Hanukkah gifts this year, up from 93 percent who said the same in 2012. The 97 percent figure represents a return to 2006, or pre-recession, levels of holiday gift-buying.
Of those buying gifts, 73 percent said they would spend the same amount as they did in 2012. A total of 20 percent said they would spend less (average decrease was 14 percent) and 7 percent said they would increase their spending (average increase was 10 percent), making the weighted average change in per-household spending a negative 2 percent.
With this 2 percent decline in average spending, the estimated average for holiday spending is $2,513 per affluent household, which equates to a total of $27.8 billion spent on gifts, a 2 percent increase over 2012.
The affluence center’s survey, released Sept. 23, is one of a number of holiday polls and predictions to surface as December draws nearer.
Chicago-based ShopperTrak, an analytics firm that has devices in place at shopping centers that measure foot traffic and shopping patterns, said earlier this month it expects sales to increase 2.4 percent in November and December. Deloitte issued a more optimistic forecast, calling for sales to increase between 4 and 4.5 percent in the November-January timeframe.
The American Affluence Research Center conducts two surveys a year polling a national representative sample of the wealthiest 10 percent of Americans with a net worth of $800,000 or more. The respondents’ average net worth was $3.1 million.
The Latest
He’s remembered as a “font of passion,” leaving behind a legacy of dedication to his craft and community.
The first one will take place next month during the Jewelers of Louisiana’s and Mississippi Jewelers Association’s conventions.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The redesigned boutique features interactive displays and a workshop space for hands-on learning about watchmaking.
There is a willingness to comply with new government-mandated regulations, with an insistence that they should be practical and realistic.
A combination of factors is driving growth in the industry despite the precipitous drop in prices across the board.
Ho Brothers offers scalable solutions for the future of custom jewelry.
The zone’s modernization will enhance and increase India’s jewelry manufacturing capabilities while aiding small and mid-sized businesses.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
The company plans to invest $25 million in marketing initiatives to boost awareness around its namesake and licensed brands.
The former WJA executive director is MFM’s new managing director.
DDG encourages retailers to educate customers on the positive impact of purchasing natural diamonds.
Highlighting the most iconic Tiffany collections, it’s inspired by the company’s late window designer, Gene Moore.
Jen Cullen Williams and Duvall O’Steen explore how jewelers can save time and money by using AI to analyze engagement and create content.
The retailer previously turned down an $8.4 billion offer in 2018.
The Florida store’s owner Miguel Gonzalez is retiring.
The lab stresses the importance of accurate identification, as the difference in price is “substantial.”
The brand also plans to expand its retail footprint from 138 to 200 stores over the next three years.
One is reserved for a NAJA member, the other for a non-member.
Longtime employees Carie Lehrke and Megan Mattice have received promotions.
Three guests joined National Jeweler and Jewelers of America to discuss trending time periods, spotting reproductions, and more.
Chris Clipper and Robert Lepere join the company with 50 years of combined experience.
The trendy, metallic earrings wink at classic spring colors.
JSA said a man and woman pulled the safe out of an Oakland jewelry store but couldn’t quite get it into their van.
The miner’s March auction generated $19 million.
Helen McCluskey will succeed H. Todd Stitzer when he meets his 12-year term limit in June.