Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
Survey: Millennials Prefer More Personal Gifts
The latest Time Inc./YouGov survey on the buying habits of the wealthiest Americans sheds light on what each age group will be giving this holiday season.
New York--Twenty-four percent of affluent consumers in the United States plan to give jewelry or watches this holiday season, according to the latest Time Inc./YouGov survey, which polls the top 10 percent of American households.
The bad news: The percentage of those with jewelry/watch holiday purchasing intentions is down slightly as compared to last year, when it was at 30 percent.
The good news: Among the top 1 percent of U.S. households (household income $450,000 a year or more), 31 percent said they were planning to buy jewelry/watches for the holidays this year, up from 29 percent last year.
What’s more, despite the industry’s constant consternation about reaching the younger generation, the survey shows that wealthy millennial consumers really do enjoy giving jewelry as a gift.
When asked to list all the categories in which they plan to buy gifts this holiday season, 35 percent of millennial-aged respondents said jewelry/watches, topping both travel/vacations (28 percent) and experience gifts (23 percent.)
YouGov Managing Partner Cara David said what affluent millennials don’t like giving are gifts that are impersonal, such as gift cards.
In fact, the survey showed that millennials are actually the least likely age group to buy gifts cards. Only 22 percent of Gen Y survey-takers said they’ll be giving cash or pre-paid gift cards this holiday season, compared with 30 percent of Generation Xers, 39 percent of baby boomers and 44 percent of matures (ages 70 and up).
David said younger consumers like to give gifts that expose the recipient to new experiences, or that are more personal, which jewelry is.
Time Inc., which publishes Time magazine along with People, Fortune, Real Simple and others, conducts The Survey of Affluence and Wealth a few times a year with market research firm YouGov.
For the 2015 holiday edition, they surveyed 1,076 affluent U.S. consumers online in September.
Other insights from the survey include the following.
- More people are adopting a “one-for-you, one-for-me,” shopping philosophy this year. A total of 42 percent of survey-takers said “yes” when asked how likely it was that they would buy gifts for themselves while shopping for others, up from 36 percent in 2012. Among those self-gifting, 74 percent were millennials and 47 percent were women.
- A lot of people want jewelry for the holidays. When asked what the one gift is that they really hope to receive this year, the third most
The Latest
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Nicolosi, president and CEO of The Kingswood Company, previously sat on WJA’s board from 2011 to 2018.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
Karina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
May’s birthstone is beloved for its rich green hue and its versatility.
Jacqui Larsson joins Opsydia with nearly two decades of experience in the industry.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
The brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
Sales will be paused while the relocation takes place over the next few months.
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
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.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.