Events & AwardsJun 06, 2025
Here Are the 2025 Retailer Hall of Fame InducteesThis year’s honorees include a Midwest retailer and two multi-store independents, one in New York and the other in New England.
MajorsAug 04, 2017
US Gold Jewelry Demand Up 4% in Q2
Global demand also was up on the back of a 41 percent increase in India.
Demand for gold jewelry in the U.S. was up 4 percent in the second quarter. Pictured here is Gurhan’s “Pointelle” cuff with scattered diamonds set in 22-karat yellow gold ($14,500).
London--Gold jewelry demand was on the rise in the second quarter of 2017, posting increases in both the U.S. market and worldwide.
In its latest Gold Demand Trends Report, the World Gold Council said Q2 demand in the United States rose 4 percent to 26.9 tons in the second quarter, falling just under the five-year quarterly average of 28.9 tons.
Demand in the first half of the year also rose 4 percent to reach 49.9 tons, due to improving consumer sentiment, the WGC said. This marks the highest first-half total since 2009.
The average gold price was $1,256.60 per ounce in the second quarter, about flat when compared with the same period last year.
Global demand for gold jewelry was up as well in Q2, rising 8 percent year-over-year to 480.8 tons, though this is compared to a very weak Q2 2016, the WGC said. It also remained well below the five-year quarterly average of 586.2 tons.
India drove global Q2 jewelry demand growth almost singlehandedly, the WGC said, with demand there rising from 89.8 tons last year to 126.7 tons this year.
This strong recovery was expected after exceptional import figures were reported and hit an all-time high in May as the market stockpiled gold ahead of the June Goods and Services Tax rate announcement.
Second quarter demand in Europe was weak, falling 4 percent.
Demand was particularly weak in the U.K., where uncertainty over Brexit deterred consumers from spending money. Q2 jewelry demand there was down 3 percent, hitting a three-year low of 3.8 tons.
Italian demand stablished at 4 tons, and the market is expected to manage some growth in the second half of 2017.
In China, jewelry demand weakened again but the pace of the decrease slowed. Demand decreased 5 percent year-over-year to 137.7 tons, the lowest second quarter for the country in five years. In the market, younger consumers are pulling away from the 24-karat gold tradition and pieces with lower gold content are being produced to fill that void.
In the Middle East, regional jewelry demand was flat but, on a country-by-country basis, there were marked differences, the WGC said.
In Egypt, demand was down 20 percent to hit a new low at 4.7 tons, while demand in Iran was up 15 percent to 10.2 tons. A dip in the local price of the metal in Turkey, meanwhile, triggered a
20 percent year-over-year increase in demand.
More on Majors
The Latest
CollectionsJun 06, 2025
Piece of the Week: Harwell Godfrey’s ‘Granny Squares Eleanor’ Necklace As an homage to iconic crochet blankets, the necklace features the nostalgic motif through a kaleidoscope of cabochon-cut stones.
Events & AwardsJun 05, 2025
The 12 Fresh Faces in Couture’s Design AtelierDiscover the dozen up-and-coming brands exhibiting in the Design Atelier for the first time.
Brought to you by
The True Power Behind the Counter: Why Sales Associates Are the Heart of the Jewelry BusinessWhen investing in your jewelry business, it's important not to overlook the most crucial element of success: the sales associates.
SourcingJun 05, 2025
A Rare Suite of Rubies Has Arrived in Las VegasThe “Royal Ruby” Collection is a quintet of untreated rubies curated by collector Jack Abraham.
Weekly QuizJun 05, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Events & AwardsJun 05, 2025
Daymond John to Give Keynote at JCK Las VegasThe entrepreneur and “Shark Tank” star will share his top tips for success.
Events & AwardsJun 05, 2025
Zillion Announces 'Women in STEM' Scholarship RecipientMeredith Tiderington, an electrical engineering student, was selected for the award.
Brought to you by
Clienteling Isn’t a Buzzword. It’s an Essential Business Model.More shoppers are walking out without buying. Here’s how smart jewelers can bring them back—and the tool they need to do it right.
Lab-GrownJun 04, 2025
GIA Reverting to More General Terminology for Lab-Grown DiamondsIt will quit assigning the stones specific color and clarity grades in favor of applying “new descriptive terminology.”
Events & AwardsJun 04, 2025
As JCK Talks Returns, Don’t Miss These 12 SessionsFrom design trends to sustainability, here’s a roundup of can’t-miss education sessions at JCK Las Vegas.
CrimeJun 04, 2025
10 Safety Tips for the Las Vegas Shows The Jewelers’ Security Alliance offers advice for those attending the annual trade shows.
CollectionsJun 03, 2025
In Her Latest Collection, Viviana Langhoff Is Leaning Into GoldThe designer is embracing bold pieces with weight to them in “AU79,” a collection she celebrated with a creative launch party.
FinancialsJun 03, 2025
Signet Jewelers Sees Turnaround in Q1 With Sales Ticking Up 2%On an earnings call, CEO J.K. Symancyk discussed what’s working for the company and how it’s preparing for the potential impact of tariffs.
SurveysJun 03, 2025
Consumer Confidence Improves in May The index partially rebounded after months of decline, due in part to the U.S.-China deal to temporarily reduce import tariffs.
CollectionsJun 03, 2025
Dakota Johnson Is Roberto Coin’s New Brand AmbassadorThe actress stars in the latest campaign set in Venice, Italy, and is set to participate in other creative initiatives for the jeweler.
GradingJun 03, 2025
Mason-Kay Jade Adds ‘Fei Cui’ to Jade ReportsThe company has joined other labs, including GIA and Lotus Gemology, in adopting the Chinese term for "jadeite jade."
SourcingJun 02, 2025
Gemfields’ June Auction to Include 36-Carat RubyThe large stone will be offered at its June sale along with a selection of secondary-type rubies from a new area of the Montepuez mine.
GradingJun 02, 2025
GSI Opens New Lab in Thailand Located in Bangkok, the laboratory is Gemological Science International’s 14th location worldwide.
TrendsJun 02, 2025
Amanda’s Style File: Three Gems for June Those born in June have a myriad of options for their birthstone jewelry.
SourcingJun 02, 2025
David Allouche Joins Grandview Klein DiamondsThe diamond industry veteran has been named its senior sales executive.
FinancialsMay 30, 2025
Movado’s Q1 Sales Slip Amid ‘Challenging’ Retail Environment The company plans to raise the prices of select watches to offset the impact of tariffs.
Policies & IssuesMay 30, 2025
Tariffs & Designers: Navigating Pricing in an Unstable EnvironmentBetween tariffs and the sky-high cost of gold, designers enter this year’s Las Vegas shows with a lot of questions and few answers.
CollectionsMay 30, 2025
Piece of the Week: Renato Cipullo’s ‘Hematite Blaze’ NecklaceDesigned by founder Renato and his daughter Serena Cipullo, it showcases a flame motif representing unity and the power of gathering.
Policies & IssuesMay 30, 2025
Trade Court Declares Trump’s Tariffs InvalidHowever, the tariffs remain in effect in the short term, as an appeals court has stayed the U.S. Court of International Trade’s decision.
CollectionsMay 29, 2025
Britney Spears Files Trademark for New Jewelry LineThe pop icon is one step closer to launching her “B Tiny” jewelry collection, a collection she first began posting about last fall.
Supplier BulletinMay 29, 2025
Inoveo Platinum Grain, Exclusively Distributed by StullerSponsored by Stuller
SourcingMay 29, 2025
Grizzly Auctions 6,620-Carat EmeraldIt was featured in the miner’s latest sale, which brought in $24.8 million.
