High household savings rates and progress in the fight against COVID should keep consumers spending.
It has become, and will continue to be, an important factor in diamond purchases, according to the 2021 Diamond Insight Report.
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However, their optimistic outlook comes with a hint of caution due to a number of factors out of their collective control.
Holiday retail sales are forecast to grow between 7 and 9 percent, as per the firm’s annual forecast.
The state of retail is changing, but the traditional retail experience could still live on.
Mastercard’s SpendingPulse survey said early shopping, bigger price tags and digital experiences will be the hallmarks of holiday 2021.
The category is getting a boost from two interesting groups: younger consumers and men.
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Rolex and Retrouvaí are among the top luxury resale brands, as per The RealReal’s annual report.