Jewelers of America (JA) released the results of their US “Fine Jewelry Industry Consumer and Retail Market Study” conducted by Provoke Insights. The study surveyed two groups, the retailers and the consumers, and Michelle Graff listed some of the key findings.
Almost two months after the British electorate's decision to leave the EU and with the financial effect still unclear, Retail Jeweller magazine is surveying its readers to uncover how UK jewelers are being impacted by the Brexit vote. The survey aims to also find out what the jewelry industry believes being outside the EU might hold for them. Results of the survey will be published in the November issue of Retail Jeweller together with comment and analysis.
Residents of New York plump for higher-quality stones, while buyers in Maryland go for bigger diamonds, according to a state-by-state analysis by WP Diamonds, a division of White Pine Trading, a leading buyer and seller of recycled diamonds. The survey covers all 50 states and relates to the last 15,000 inquiries from customers.
Facebook knows about relationships due to its users' 'relationship status' function. When any of its 1.4 billion users moves in or out of a relationship, Facebook knows. Of the 156 million users in the United States 2.6 million changed their status to “engaged” last year, reports The Jewelers Blog. Turns out the most popular days for getting down on bended knee are Christmas Eve, Christmas Day, New Year’s Day and Valentine’s Day, meaning that, ironically, the day everyone assumes to be the most romantic for proposals actually come in fourth.
As reported by Rob Bates at JCK: Millennial consumers want to give and receive diamond jewelry as much as any other age group, the Diamond Producers Association found in a recent online poll. The post-Thanksgiving Day survey questioned 18-to-64-year-old consumers who are married or in a committed relationship, with a heavy sample of Millennials. The survey found that, contrary to the feelings of many in the industry, younger consumers still consider diamond jewelry “an authentic meaningful gift,” says Sally Morrison, marketing director for the Diamond Producers Association.
Pangolin Diamonds has announced the recovery of an eighth diamond from its wholly-owned Malatswae Diamond Project, in an area of the project that is located 105 km southeast of the Karowe diamond mine operated by Lucara Diamonds in Botswana. To date, seven of the eight diamonds recovered are white in color. The new discovery is one of four diamonds (three white and one brown) that have been reported from within an area of 0.32 km2. Olivine, ilmenites with reaction rims and a mantle xenolith, in addition to the four diamonds, have also been recovered from the same area.
The third biannual comprehensive report of The Knot 2015 Jewelry & Engagement Study found that spending on engagement rings is at an all-time high with men spending an average of $5,978, up from $5,403 in 2013. More than 12,000 U.S. brides and 1,200 U.S. grooms engaged or recently married from 2014 to early 2015 were surveyed to uncover the financial spending habits and trends of proposals in America.
Instoremag.com has published the results of "The Big Survey 2015", its annual, in-depth survey covering everything you might wish to know about independent jewelers in the world's largest jewelry market - the U.S. A few key takeaways: 87% of independent jewelers run one store; bridal is big; 35% are located on a downtown street, with only 2% doing Internet sales; white gold is used in 67% of bridal rings; 10% of independent jewelers offer lab-made diamonds, while 50% offer recycled diamonds; the most expensive item listed was a $425,000 fancy colored diamond ring ...
Jewelry industry authority JCK at the end of the summer published the results of its third biannual bridal retail survey, in partnership with online wedding planner The Knot. As 'engagement season' is just around the corner (commencing sometime in late November), it seems the right time to revisit their findings: 12,844 brides and 1,276 grooms participated in the 2015 survey: "They’re more educated than in past years, more likely to be employed full-time, and more affluent (the average household income of brides grew to $94,900)".
Although the sleek and simple lines of the Apple Watch may look and feel more masculine than feminine, a new study finds that women like it more than men.