Surveys

Overall, jewelers report a solid holiday

SurveysDec 29, 2013

Overall, jewelers report a solid holiday

Most retailers reported that the 2013 holiday season ended with sales up slightly or on par with last year, though a few noted that the average price point plummeted.

Holiday-Sales-Report-Article.jpg

New York--Most retailers reported that the 2013 holiday season ended with sales up slightly or on par with last year, though a few noted that the average price point plummeted.

A number of retailers who spoke to National Jeweler say that en route to meeting their sales goal for the season, they sold a higher volume of smaller items this year, as opposed to fewer but more expensive pieces.

Others noted that foot traffic was down even if sales were the same, which could be the result of customers researching online before going out to shop.

National Jeweler publishes a weekly holiday sales roundup every Monday throughout the holiday season; this will be the final sales report for 2013.

The roundups encompass interviews with independent retailers in five regions: the Northeast, Southeast, Midwest, South Central and West.

Read on for a brief report from each region.

NORTHEAST
Christmas Eve and the day before were “two of the busiest days in the history of my company,” says Evan James Deutsch of Evan James Ltd. in Brattleboro, Vt.

“It was incredible. We were supposed to close at 5 p.m. on Christmas Eve, we didn’t close until almost 7 p.m.,” the jeweler says.

Deutsch says he sold “a ton” of Alex and Ani bracelets last Monday and Tuesday, as well as a lot of diamond jewelry, mostly stud earrings and pendants.

“It was a very traditional Christmas, and I think people were pretty comfortable spending in the range of anywhere from $300 to $2,000,” he says, adding that self-purchasers were in the store during the week.

Deutsch also says the day after Christmas was huge, with a lot of upsells and a few exchanges.

He isn’t sure how the holiday season will end up overall and is waiting on these last two days of the year, adding that he has two “good-sized” sales lined up for New Year’s.

It was “active” at David Craig Jewelers in Langhorne, Pa. on Christmas Eve and the day after Christmas, and a few big diamonds also sold this past weekend, President David Rotenberg says.

The jeweler says diamond jewelry, including pendants and earrings, were the hottest sellers on Christmas Eve, including a Forevermark “Center of My Universe” engagement ring. He also sold a lot of watches, with sales evenly distributed among the the four brands he carries.

Rotenberg says his two best sales

last week were $10,000 each, and all of his customers were shopping for gifts--no self-purchasers.

“This Christmas was without a doubt better than last year’s,” he says. “There was more activity and more meaningful purchases. My numbers came up higher this year.

The jeweler also says he’s noticed a “huge separation” in his customers.

“This year I saw more and bigger buyers, and then there was a huge gap where I didn’t have much activity at the lower end. So I think my (holiday) success would be that I had bigger buyers, but I think the average consumer is still getting squeezed out,” he says.

SOUTHEAST
Steve Allen of Allen’s Jewelers in Albany, Ga., says that weekend was flat for the jeweler compared with the same period last year, and the store is down 20 percent for the holiday season compared with 2012.

Allen notes that many of the store’s customers seem a little less comfortable with spending this season, perhaps due in part to the flux in the healthcare market as new laws begin to take effect.

“Our clients seemed to be buying pieces in the range of $1,200 to $1,500 this season,” Allen says. “It’s usually somewhere around $2,000 but it’s been much lower this year.”

In addition to the standard hot seller--diamond earrings--the store has also seen an increase in the popularity of pearls. Silver sales in general were up, though  Pandora sales slowed.

“We’ve sold a lot of silver this season,” he says. “We did well with lines that had mixed metals, especially Gabriel & Co.”

At Gause & Son Jewelers in Ocala, Fla., traffic and sales were both strong over the weekend as well as during the holiday season.

“We didn’t have any huge sales, but we had a lot of sales in the smaller to middle-priced ranges,” Jerry Gause says. He adds that the most popular price points this season have been between $4,000 and $10,000.

The store’s gold business was down, and silver was “good, not great” while diamond earrings and diamond pendants were, again, the most popular pieces for the holiday season.

Gause also notes that colored gemstone pieces under $5,000 performed well.

“I think 2014 is going to be a great year,” he says. “The economy is improving itself, despite the administration, and we feel optimistic.”

MIDWEST
Randy Cole of the Diamond Vault of Troy in Michigan reports that sales and traffic for the store were both strong on Saturday.

“Everything was moving at the right pace, and we were able to take every customer that came in,” Cole says.

Sales at the Diamond Vault were up  for the holiday season when compared with last year. The store’s custom bridal business continued to constitute the bulk of sales.

“We’ve been very fortunate, and I can’t complain. I know some stores who can’t say the same. It’s been a tough season.”

Jeffrey Mann of Jeffrey Mann Fine Jewelers in Toledo, Ohio, says that the weekend was up only slightly from last year. He adds that sales and traffic at the store seemed “pretty normal,” noting that it was nice to get back to a regular pace after the exceptional business that the store saw the day after Christmas.

“Though we never got that monstrous surge of last-minute business that maybe I was expecting our holiday season has been pretty much dead even with last year, but is less than what I was hoping for, when I look at it realistically,” he says.

Traffic was down in December, but that is likely due to the promotional event that the store holds the month before.

“We run a big event in November to intentionally dilute the business in December. We hold a customer appreciation party that is like an open house. We offer them food and cocktails, and we incentivize making their holiday purchases earlier,” he says.

Mann also notes that winter storms slowed foot traffic this month, but adds that he’s still happy with the way the holiday season went for the store.

Forevermark was a standout brand for Mann Fine Jewelers, as well as Breitling watches. Though the diamond fashion business was also up, Mann notes that diamond bridal didn’t seem to do any better than last year.
 
“The people that we’ve seen have been in a good mood. They’re very happy to be out spending money and I think that they’ll continue to do so.”

SOUTH CENTRAL
The season was good, but not great, for both Colorado retailer All That Glitters and Underwood’s Fine Jewelers in Fayetteville, Ark.

At All That Glitters, gemologist Michael Steenrod says they made more sales than last year but the items purchased were more moderately priced, $1,000 or less. While no one category stood out, he says they did sell a lot of colored gemstone jewelry and more diamonds than in recent years.

Also popular were “Mountain Band” rings in 14- or 18-karat white, yellow or rose gold by local artist Steven Powell McHone. The rings feature one of McHone’s three standard mountain scenes or can be made to order by the customer to depict a specific location or event.

Overall, Steenrod says the store’s sales were up this holiday season as compared with last year. “It was kind of surprising,” he says. “Leading up (to the holiday) it didn’t seem like it was going to be that way.”

Underwood’s President Craig Underwood says his store had a good Christmas and that sales were about on par with last year, noting that, relative to last year, the first half of December was stronger than the second half.

Like All That Glitters, Underwood’s Fine Jewelers experienced a strong year in colored stones, sapphires particularly, and diamonds while pearl sales were not as strong as anticipated.

“It was what I was expecting,” Underwood says. “I was very pleased with where we turned out.”

WEST
Traffic was down but sales were up year-over-year at Butterfield Jewelers in Albuquerque, N.M.

Mike Butterfield says that customers at his store were buying “pretty much everything” and his store also benefitted from the lack of a certain event this year: a nearby store running a holiday sale featuring deeply discounted merchandise.

“That’s didn’t happen this year,” he says.

Looking ahead to 2014, he says he is cautiously optimistic, as he has been for the last several years. 

At Hart Jewelers in Grants Pass, Ore., holiday season traffic also was down but sales were the same as last year, says Tom Hart. The store sold a lot of small diamond studs and silver, engagement and pre-engagement, or promise, rings and estate jewelry.

The store made many sales in the $300 to $1,000 range and a few over $10,000 but didn’t do much business in between. “It’s kind of that middle ground that never did materialize,” he says.

Hart Jewelers will end the year slightly ahead of last year. Hart says his area of Oregon is lagging in terms of recovering from the recession, with unemployment still high, but he is hopeful about next year.

“We are all optimistic going into 2014. I think we are going to start to see things turn around here,” Hart says. “Overall, we are happy.”

--Senior Editor Hannah Connorton contributed to this report.

Brecken Branstratoris the senior editor, gemstones at National Jeweler, covering sourcing, pricing and other developments in the colored stone sector.

The Latest

Lisa Bridge and Alexis Padis at AGS Conclave 2024
Events & AwardsApr 25, 2024
Alexis Padis Takes Over as AGS Board President

Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.

Jesse Cole Savannah Bananas
EditorsApr 25, 2024
5 Tips for Creating Fans from the Top (Savannah) Banana

Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.

John Mayer Audemars Piguet
WatchesApr 25, 2024
Audemars Piguet and John Mayer Partner on Limited Edition Watch

The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.

1-(3.18).JPG
Brought to you by
The Blueprint for Success in Scalable, Personalized Jewelry Retail

With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.

Stock image of rough diamonds mined by De Beers
SourcingApr 25, 2024
De Beers Lowers Production Guidance for 2024

The announcement came as the company reported a 23 percent drop in production in Q1.

Weekly QuizApr 26, 2024
This Week’s Quiz
Test your jewelry news knowledge by answering these seven questions.
Take the Quiz
Jared Goff Presents Jared Jewelers’ Donation to Give Merit
MajorsApr 25, 2024
Detroit Lions’ QB Jared Goff Keeps Going to Jared

The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.

Stock image of police crime scene tape
CrimeApr 24, 2024
Jewelry Crime Declines Significantly, But Dollar Losses Remain High

A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.

Jewelers of America Fly In Washington, D.C.
Brought to you by
How Jewelers of America Represents Your Business

For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.

Kirsty Hume models Pippa Small Venus collection
CollectionsApr 24, 2024
Pippa Small Announces ‘Venus’ Collection

Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.

Pomellato Pom Pom Dot necklaces
FinancialsApr 24, 2024
Kering’s Jewelry Brands a Bright Spot in Tough Q1

The luxury titan posted declining sales, weighed down by Gucci’s poor performance.

JCK Industry Fund Logo
Events & AwardsApr 24, 2024
JCK Industry Fund Announces 2024 Grant Recipients

The selected nine organizations have outlined their plans for the funds.

Aerial shot of the Diavik Diamond Mine in Canada’s Northwest Territories
SourcingApr 24, 2024
Rio Tinto’s Q1 Production Drops Amid Pause to Honor Lost Colleagues

The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.

Rolex Oyster Perpetual Deepsea in 18-karat yellow gold
WatchesApr 24, 2024
These Are Rolex’s New Watches for 2024

The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.

National Jeweler columnist Emmanuel Raheb
ColumnistsApr 23, 2024
The Smart Lab: Advanced Email Marketing Strategies for Mother’s Day

Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.

Hannoush Jewelers Queensbury NY location
IndependentsApr 23, 2024
Hannoush Jewelers Opens New Store in New York

Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.

203-carat, 116-carat, and 42-carat diamond
SourcingApr 23, 2024
Lucapa Sells 3 Diamonds for $10.5M in First Lulo Tender of 2024

A 203-carat diamond from the alluvial mine in Angola achieved the highest price.

William Ruser: The Jeweler Who Charmed Hollywood book cover
GradingApr 23, 2024
GIA Has a New Book About William Ruser

Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.

Adam Levine and Behati Prinsloo modeling Jacquie Aiche’s Rebel Heart collection
CollectionsApr 22, 2024
Jacquie Aiche’s New Campaign Stars Adam Levine, Behati Prinsloo

The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.

American Gem Society Conclave logo 2024
EditorsApr 22, 2024
The 22 Best Quotes from AGS Conclave 2024

Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.

Virtual Diamond Boutique
SourcingApr 22, 2024
Virtual Diamond Boutique Rebrands as ‘VDB’

The overhaul includes a new logo and enhanced digital marketplace.

Signet Jewelers employees and St. Jude Children’s Research Hospital
MajorsApr 22, 2024
Signet Raises Nearly $9M for St. Jude Children’s Research Hospital

The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.

Retrouvaí’s Treasure Necklace
CollectionsApr 19, 2024
Piece of the Week: Retrouvaí’s Treasure Necklace

A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.

Stock image crime handcuffs
CrimeApr 19, 2024
Grand Jury to Hear Case Against Jeweler Charged in Fatal Shove Following IJO Show

Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.

China Pearl collage
MajorsApr 19, 2024
Unique Designs Acquires China Pearl

The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.

Printed and digital AGS Ideal grading reports
GradingApr 19, 2024
AGS Ideal Report Now Available in Printed Form

From now through mid-May, GIA will be offering the reports at a 50 percent discount.

Stock image of a polished diamond in tweezers
SourcingApr 18, 2024
Diamond Trade Remains Cautious Amid Economic Uncertainty

De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.

LVAJWS24_carousel_images_1872x1052_1.jpg
Supplier BulletinApr 18, 2024
Discover History’s Hidden Gems at the Las Vegas Antique Jewelry & Watch Show

Sponsored by the Las Vegas Antique Jewelry & Watch Show

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy