Sales for Richemont’s four jewelry brands increased 8 percent, while watch sales picked up toward the end of the year.
Average engagement ring spend inches closer to $6K
The average amount couples are spending on their weddings went up in 2014, including what they’re paying for engagement rings, according to a survey from The Knot.

New York--The average amount that couples are spending on their weddings went up in 2014, including what they’re paying for engagement rings, which increased from $5,598 in 2013 to $5,855 last year, according to a survey from The Knot.
The wedding website’s most recent Real Weddings survey shows that the average cost of a wedding across the country now is at $31,213.
The most expensive place in the U.S. to get married remains Manhattan, where the average wedding costs $76,328. The least expensive place to get married in the country in Utah, where couples spend an average of $15,257 overall.
An interesting, though perhaps not surprising, trend that The Knot noted is that couples are increasingly using their smartphones to help plan for the big day.
The use of mobile to access wedding planning websites has nearly doubled over the last three years--in 2011, that number was at 33 percent and last year it had increased to 61 percent.
And the trend of personalization that has taken the fine jewelry industry by storm also has seemingly taken over many more aspects of consumer spending, as couples are moving away from more traditional wedding venues to find unexpected places to get married to show their own unique style.
While traditional sites like banquet halls, country clubs and hotels are still popular, an increasing amount of couples are looking for unusual venues.
Since 2009, historic buildings/homes and farms have grown in popularity--historic buildings increased from 12 percent in 2009 to 14 percent last year, and farms have gone from 3 percent six years ago to 6 percent in 2014.
A third trend that The Knot spotted is that couples are starting to spend more on their receptions and less on the ceremony itself. The number of couples paying for a cocktail hour rose from 69 percent in 2010 to 76 percent last year; more also is being spent on catering, musicians and cake.
Other notable statistics from the survey include the following:
--Average amount spent on a wedding dress: $1,357;
--Average marrying age: women, 29; men, 31;
--Average number of guests: 136;
--Most popular month to get engaged: December;
--Average length of engagement: 14 months; and
--Most popular month to get married: June.
The Knot surveyed approximately 16,000 brides and grooms that were married between Jan. 1 and Dec. 31, 2014. This was the site’s eighth Real Weddings report.
The Latest

Two scholarships are available, one for new and non-members and another for NAJA certified members.

The retailer’s new flagship is set to open in October at the Tuscan Village development in Salem, New Hampshire.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

Sapphires, emeralds, and rubies are finding their place in a U.S. market captivated by the gemstones once referred to as “semi-precious.”


Plus, parent company Saks Global announces plans to cut ties with up to 600 vendors.

Peter Smith joined Michelle Graff to chat about the state of brick-and-mortar stores and share a few book and podcast recommendations.

Supplier Spotlight Sponsored by GIA

The necklace features a candy-colored Australian white opal in 18-karat Fairmined gold, as the brand was named a Fairmined ambassador.

Sponsored by the Las Vegas Antique Jewelry and Watch Show

A private American collector purchased the 10-carat fancy vivid blue diamond.

The designer has taken the appeal of freshly picked fruit and channeled it into a capsule collection of earrings, necklaces, and pendants.

The country’s gem and jewelry exports fell 5 percent year-over-year last month, while imports declined 18 percent.

Around 54 million Americans and counting live with a disability. Here’s how to make your jewelry store and website more accessible.

The event is also accepting poster submissions now through June 16.

Before Pope Leo XIV was elected, a centuries-old procedure regarding the late pontiff’s ring was followed.

The one-of-a-kind platinum Rolex Cosmograph Daytona was estimated to fetch up to $1.7 million.

While the product has entrenched itself in the market, retailers and consultants are assessing the next phase of the category’s development.

The police are trying to identify the man suspected of robbing two Tiffany & Co. locations in the area.

The well-known Maine jeweler takes over for Brian Fleming and will serve a one-year term.

The donation was the result of the brand’s annual Earth Day Ingot event.

Located in NorthPark Center, the revamped store is nearly 2,000 square feet larger and includes the first Tudor boutique in Dallas.

The nonprofit has made updates to the content in its beginner and advanced jewelry sales courses.

BIJC President Malyia McNaughton will shift roles to lead the new foundation, and Elyssa Jenkins-Pérez will succeed her as president.

As a nod to the theme of JCK Las Vegas 2025, “Decades,” National Jeweler took a look back at the top 10 jewelry trends of the past 10 years.

The company plans to halt all consumer-facing activity this summer, while Lightbox factory operations will cease by the end of the year.

Following weekend negotiations, the tax on Chinese goods imported into the United States will drop by 115 percent for the next 90 days.