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Demand for gold jewelry in the United States rose 2 percent in the third quarter, as consumers continue to buy 10-karat and 14-karat pieces against the backdrop of a “hesitant economic recovery.”
According to statistics released by the JBT Monday, the number of retail jewelers who have ceased operations rose again in the third quarter and is up 30 percent year-to-date.
From watches to activity trackers, the number of consumers who own something “smart” for their wrist could increase as much as 4 percent this holiday season, the NPD Group said.
Nearly half of all holiday shopping will be done online in 2015, as shopping on mobile devices picks up speed and consumers look for holiday promotions and shipping deals, according to a recent holiday consumer spending survey by the National Retail Federation.
Retailers, mark your calendars. These are the days one retail analytics firm thinks will be tops in terms of foot traffic and sales this holiday season.
Though total sales of fine jewelry and watches in the U.S. were up during the month, sales at specialty jewelers fell flat as retailers reported weak foot traffic.
The National Retail Federation estimates that retail sales in the months of November and December will reach $630.5 billion this year.
Abstract: An NPD Group study found that this year, consumers plan to spend more money for holiday gifts than they did last year.
De Beers’ latest Diamond Insight Report shows that chain and department stores are taking diamond jewelry sales from independent retailers in the U.S. market.
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Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.