In a column for the 2026 State of the Majors issue, Golan spells out how the growing economic divide in the U.S. is reshaping the market.
Study Gauges Fine Jewelry Shoppers’ Holiday 2020 Attitudes
Commissioned by Platinum Guild International, it shows that millennials and Gen Z are the most likely to purchase fine jewelry.
New York—According to a survey Platinum Guild International commissioned, half of millennial and Gen Z fine jewelry lovers are likely to add to their collections this holiday season.
Conducted by 360 Market Reach, the study polled 1,000 American consumers ages 18 to 64 who either have or are open to purchasing fine jewelry costing at least $1,000.
The bullish attitude of millennial and Gen Z consumers was countered by a more conservative response from older demographics.
When asked if they would shop for fine jewelry this holiday season, 49 percent of Gen Z respondents and 50 percent of millennial respondents said they definitely or probably would, compared with 38 percent of Gen Xers and 24 percent of baby boomers.
But it isn’t safety concerns that have boomers and Gen X potentially holding onto their wallets.
A majority of survey respondents indicated concerns around COVID-19 won’t put them off visiting a jewelry store for in-person shopping, with 64 percent saying they felt “completely” or “mostly” comfortable.
A total 87 percent of respondents said they would shop in-store for any holiday fine jewelry purchases, with 70 percent saying they would shop online in addition to visiting stores.
For in-person shopping, 48 percent of total respondents buying fine jewelry this holiday season planned to visit a local independent jewelry store, followed by 42 percent who planned to shop at a national chain like Jared, Kay or Helzberg.
Of those who also planned to do some of their fine jewelry shopping online, 29 percent said it would be via a national chain’s ecommerce site, while 22 percent said they would visit a high-end retailer’s website, like Tiffany or Saks, followed by 21 percent who said an independent jeweler’s website.
The survey also asked which safety practices would make shoppers the most comfortable in stores.
The top responses were “seeing employees wearing masks at all times” as well as “requiring customers to wear masks at all times.”
“Limiting the number of customers allowed in the store at one time,” was another top response, followed by “enforcing social distancing measures” and “providing hand sanitizer upon entering the store.”
PGI added that the study also reinforced the importance of jewelers communicating with their customer base via email, social media and direct mail that they are open, as well as the COVID-19 safety measures they’re employing.
The Latest

The “Limitless Expansion of Joy and Hope” collection evokes summer through colored gemstones and motifs of butterflies and florals.

The jewel, circa 1890, is from the late Victorian era and was owned by descendants of the last high king of Ireland.

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

This is what the nine recipients plan to do with the funds.


The Western star’s 14-karat gold signet ring sold for six times its low estimate following a bidding war at U.K. auction house Elmwood’s.

The discussion, "Rebuilding the Jewelry Workforce," will take place on Saturday, May 16, in Troy, Michigan.

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

The jewelry industry is reassessing its positioning as Gen Z reshapes the retail landscape and lab grown continues to gain market share.

A matching pair of 18.38-carat, D-color diamonds from Botswana’s Jwaneng mine sold for $3.3 million, the top lot of the jewelry auction.

Sponsored by A Diamond Is Forever

The next generation of lapidarists are entrepreneurial, engaged online, and see the craft as a means for artistic expression.

It was the second auction appearance for the fancy vivid blue-green diamond, which sold for $7.8 million at Christie’s Geneva 12 years ago.

Members of the U.S. Marshals Task Force took a 22-year-old man into custody. He was charged with tampering with evidence.

While the overall number of crimes was down, there were more incidences in which robbers pulled out guns, mace, or rammed cars into stores.

Jack Sutton Fine Jewelry is closing its store inside the downtown shopping center after 40 years in business.

Reena Ahluwalia’s painting of the rare red diamond is the first contemporary painting to join the National Gem Collection.

The price of gold has risen, affecting the number of pieces designers make, the materials they use, and how they position themselves.

Peter Smith gives tips on leading meetings, developing marketing, and making trade show appointments in the age of short attention spans.

The 11-piece “Medallions” capsule collection features five motifs: a crying eye, a heart on fire, a spiral, a flower, and a swallow.

From Gen Z’s view of luxury to “doom spending,” these are the six consumer trends to note this year.

The partners have announced the second cycle of the program, which has expanded to include a $25,000 student scholarship.

The owners of Staats Jewelers are heading into retirement.

Jeffrey Gennette, who retired in 2024 after 41 years with Macy’s, is the newest member of the jewelry retailer’s board of directors.

May babies are lucky to have emeralds, a gemstone admired for centuries, as their birthstone, writes Amanda Gizzi.

The new module allows retailers to plan, promote, and measure the success of events from a single dashboard.

NDC said in an open letter that Pandora’s statements about the carbon footprint of lab grown versus natural diamonds are inaccurate.

























