Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
Gemfields Commissions Study on US Colored Stone Market
It is trying to get a better sense of U.S. consumers’ buying habits and attitudes toward jewelry set with rubies, sapphires and emeralds.
London--Gemfields just released the results of a study it commissioned in the United States on consumers’ buying habits and attitudes toward jewelry set with rubies, sapphires and emeralds.
Conducted by a third party company, the study was designed to gauge the overall size and potential of the market and to better understand consumers’ beliefs and perceptions about the value, price and use of “precious” gemstone jewelry, meaning jewelry set with sapphires, rubies or emeralds.
The study surveyed a nationally representative sample of about 12,900 consumers between the ages of 21 and 64.
Of those, the survey found that about 31 percent had acquired jewelry featuring a ruby, emerald or sapphire within the past 24 months. That figure jumps to 41 percent for millennials, who also are almost twice as likely to use social media and mobile devices to research jewelry as non-millennials.
Precious colored gemstone jewelry also gets worn a lot, the study found.
Forty-three percent of women who own the gemstones wear their rubies, emeralds or sapphires every day, while 24 percent said they wear them at least once a week. Only 7 percent indicated that they only wear them on special occasions.
The study also found that 38 percent of U.S. consumers who purchased or acquired ruby, emerald or sapphire jewelry in the past two years actually got two pieces.
A total of 15 percent gained three pieces, and 10 percent acquired four or more pieces.
When it came to the most important attributes of a stone leading to purchase, color and clarity were tops--even more important than carat weight--while the stone’s country of origin was a significantly less influential factor.
The average price paid for a piece of jewelry with precious colored stones is $1,386, the study found.
When it’s a man making the purchase, that increases to $2,048, and for those who identify as affluent (household income of more than $100,000), it is $2,499.
In addition, half of U.S. consumers who have purchased in the last two years, and two-thirds of affluent consumers, indicated they are likely to buy another piece of ruby, sapphire or emerald jewelry within the next year.
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.”
Concerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
May’s birthstone is beloved for its rich green hue and its versatility.
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
“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.
Gifts that are unique and thoughtful are top of mind this year, according to the annual survey.
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.