The “River of Heaven” necklace, our Piece of the Week debuting at Couture, combines 26 salt and pepper diamonds spaced by Tahitian pearls.
Half of Consumers to Put Tax Refund Into Savings This Year
Thirty-five percent also said they’d use it to pay down debt, according to a recent survey from the National Retail Federation.
Washington--More consumers will hold onto their tax refunds this year, according to a recent survey from the National Retail Federation.
The annual tax refund survey released by the NRF and Prosper Insights & Analytics, which asked 7,657 consumers about their tax return plans between Feb. 5 and 13, shows that of the 65 percent of taxpayers expecting a refund this year, 49 percent said they plan to put it into savings.
This is up from 48 percent who said the same thing last year and is the highest level in the 12-year history of the survey, NRF said.
Meanwhile, 35 percent said they will use it to pay down debt. This is in line with last year’s results and is well below the peak of 48 percent who said they would do so during the recession in 2009.
Only 22 percent said they will spend their refund on everyday expenses, which represents the second-lowest level in survey history, falling behind 2017’s 21 percent.
Another 12 percent said they’ll put the money toward a vacation, 10 percent will “splurge” on dining out, trips to a spa or apparel, nine percent will invest in home improvements and eight percent will use it for major purchases like a television, furniture or a car.
The NRF added that younger consumers, especially those between 18 and 24, are being more mindful about their money than any other age group, and while most in the demographic will allocate a portion to savings, they’re also more likely to use them for everyday expenses than the other age groups.
Fifty-nine percent of survey-takers had either already filed their taxes or expected to do so by the end of February, while 27 percent will file this month and 14 percent in April.
The Latest

This year’s inductees include second-, third-, and fourth-generation jewelers.

The author, speaker, and entrepreneur will give his presentation, “Spiritual Billionaire,” on Saturday morning.

As gold prices rise, today’s retailers are looking for alternatives at prices that will appeal to wider audiences.

Three-time Grammy award-winning artist Nelly is set to perform at the annual event at Tao Beach on Sunday night.


Signet will integrate the online-only, natural diamond-focused jeweler into Blue Nile, which it wants to position as a higher-end retailer.

These up-and-coming jewelry brands are bringing their distinct aesthetic and unique point-of-view to the Design Atelier for the first time.

With the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.

The lab’s proprietary diamond cut grade has been expanded to include the popular fancy shape.

This year, it’s what could happen outside of show hours that worries JSA Executive Vice President Scott Guginsky.

High-end fashion houses know how to emotionally connect with customers online. Retail jewelers should take note, Emmanuel Raheb writes.

The designers are the third cohort of mentees from the show’s Belonging @ Couture mentorship program.

Buying discipline at trade shows starts with clarity about your inventory levels, Smith writes.

The trade show’s education series returns, with sessions on retail trends, AI, watches, marketing, corporate responsibility, and more.

The Curated Designer Project has expanded to highlight eight independent jewelry designers during CBG’s Las Vegas show.

Bring a cool tone to your summer jewelry with these white metal pieces.

The deal closed this week, which means Instore will produce the JA NY show slated to take place this fall.

The company’s jewelry sales were up in Q4 and the fiscal year, with Richemont raising prices in part because of the cost of gold.

The “Bauble” capsule collection of colorful one-of-a-kinds includes our Piece of the Week, the “Bauble” earrings, featuring rose zircon.

The updated catalog has a newly dedicated section for gift wrapping.

Everett covers colored stones’ surging popularity, the mellow return of the “Mellon Blue,” and his “The Devil Wears Prada” doppelgänger.

Fourth-generation CEO Lilly Mullen wants to emphasize experience, connection, and personalized service.

The new award, created in partnership with Henne Jewelers, honors the late designer’s legacy through supporting jewelry education.

The addition of the diamond-producing countries as nation affiliated members broadens the federation’s global representation, WFDB said.

The NYPD is warning elderly New Yorkers to keep their jewelry hidden when walking outside to avoid being a target.

Designer Viviana Langhoff has realized her dream of owning a space for her Chicago jewelry store that looks and feels like her brand.

The sessions will run from Friday, May 29, to Sunday, May 31, with one being a live taping of an episode of Couture’s podcast.


























