Falling oil prices were a factor in the slight month-over-month improvement.
Meet the 2026 Gem Award Nominees
Notable jewelry designers, members of the press, and retailers are up for an award at next year’s gala.

On Tuesday, Jewelers of America unveiled the list of potential award winners for next year’s gala, set to take place March 13, 2026, at Cipriani 42nd Street in New York City.
The 24th annual event recognizes the achievements of individuals and companies whose work raises the visibility of fine jewelry and watches.
For the 2026 Gem Awards, nominees are divided into three categories: Jewelry Design, Media Excellence, and Retail Innovation.
In addition to these awards, as previously announced, Mark and Candy Udell of London Jewelers will receive the Gem Award for Lifetime Achievement at the gala. The award will coincide with the retailer’s 100th anniversary.
These are the 2026 Gem Award nominees.
Jewelry Design Nominees
Media Excellence Nominees
Retail Innovation Nominees
To support the honorees, purchase sponsorships, and view advertising opportunities, visit the Gem Awards website.
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