A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
1 in 5 to buy jewelry this Valentine’s Day
More than 20 percent of shoppers plan on purchasing jewelry this Valentine’s Day, spending a total of $4.8 billion on the category, the National Retail Federation said.
New York--More than 20 percent of shoppers plan on purchasing jewelry this Valentine’s Day, spending a total of $4.8 billion on the category, the National Retail Federation said.
This is the highest amount to be spent on jewelry since the NRF started tracking Valentine’s spending 12 years ago.
According to the NRF’s Valentine’s Day Consumer Spending survey, the average person celebrating the holiday this year will spend $142.31, up from $133.91 in 2013.
Total spending from consumers for Valentine’s Day is expected to reach $18.9 billion, which also is a survey high, NRF said, also noting that consumers will continue to look for deals and affordable options for gifts.
In addition to jewelry, more than 53 percent said that they would buy candy, spending a total of $1.7 billion; 38 percent indicated that they would buy flowers ($2.1 billion); and 35 percent said they would spend for a night out, like movies and restaurants ($3.6 billion).
Consumers also are expected to spend nearly $2 billion on clothing and $1.5 billion on gift cards.
The most-visited locations where consumers will go to shop are expected to be department stores (37 percent) and discount stores (35 percent), followed by specialty stores (19 percent) and florists (19 percent).
One in four also indicated that they would do some shopping online and 13 percent will shop at a local or small business to find that special gift for the holiday.
“It’s great to see consumers coming out of their shell this year, looking to spend discretionary budgets on those they love once again, though I fully expect many to continue to look for ways to cut costs where they can,” said Prosper Insights Principal Analyst Pam Goodfellow. “While many will splurge, some will still look for simple and affordable ways to show their appreciation for friends and family and celebrate in a way they are most comfortable with.”
The Latest
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.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Sponsored by the Las Vegas Antique Jewelry & Watch Show
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The Patek Philippe expert will serve as personal curator for the brand-focused company.
The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.
NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
John Carter received the AGS’s highest honor Tuesday afternoon at Conclave in Austin, Texas.
LVMH said the company performed well despite an uncertain geopolitical and economic environment.
B&D Sales and Service held a ribbon-cutting event for its new location in Cranston, Rhode Island.
It’s ultra-feminine and filled with gold, pearls, and soft pastels.
Emily Highet Morgan and Emily Bennett have joined the agency’s team.
Its updated book for mountings is also now available.
She has been with the organization since 2010, most recently serving as its chief officer of PR and industry relations.
Joyce’s Jewelry sued the bank after cybercriminals drained its accounts of nearly $1.6 million through a series of wire transfers.
He is remembered by loved ones for his loyalty, integrity, and kindness.
Hosted by Freeman’s | Hindman, the sale will take place May 7-8.
The auction house said all 24 timepieces offered in its underground sale of rare and avant-garde watches quickly found buyers.
From lab-grown diamonds and AI to the inevitable Taylor Swift mention, here are some of Conclave’s most intriguing educational offerings.
From cybersecurity liability to trade show coverage, insurance experts share tips on how to build the right policy.
The charm is a modern rendition of the evil eye amulet that has been worn for thousands of years.
Ahead of its trade show next month, TJS awarded free registration and accommodations to one jewelry professional and three students.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.