MajorsJan 23, 2026
Watches of Switzerland Acquires 4-Store Jewelry Chain in TexasFamily-owned jewelry and watch retailer Deutsch & Deutsch has stores in El Paso, Laredo, McAllen, and Victoria.
OtherAug 13, 2014
US gold demand grows for fifth straight quarter
U.S. demand for gold jewelry rose 15 percent year-over-year in the second quarter, topping growth in Eastern markets that typically are more robust.
London--U.S. demand for gold jewelry rose 15 percent year-over-year in the second quarter, topping growth in Eastern markets that typically are more robust.
Consumer demand for gold in the United States totaled 26.1 tonnes (also known as a metric ton, which is 2,204.6 pounds) in the second quarter up from 22.7 tonnes in the second quarter 2013, the World Gold Council’s Gold Demand Trends report shows.
In value terms, demand rose 5 percent, with the price of gold down 9 percent year-over-year.
The average price of gold was $1,414.80 in the second quarter 2013 but dropped to $1,288.40 over the course of a year. As of Thursday afternoon, gold was at $1,314 an ounce, according to Kitco.com, only 2 percent higher than the second quarter average.
Analysts have said they don’t expect much fluctuation in the metal’s price for the rest of 2014.
RELATED CONTENT: Metal prices expected to remain relatively steady
The U.S. continues to absorb more gold imports from India, China and Italy, and confidence is growing both in the supply chain, which is aided by higher margins, and among consumers who “continue to feel the benefits of an improving domestic economy,” the WGC said.
Consumer demand growth in the U.S., as well as other Western markets with the exception of Italy, outpaced growth in Asian and Middle Eastern countries, which experienced double-digit declines in demand.
Sharp declines in these key markets caused global demand for gold jewelry to sink 30 percent in volume terms and 36 percent in value terms year-over-year.
Still, global demand for gold jewelry, “seems to be extending the broad upward trend from the base established in the depths of the financial crisis in early 2009,” the WGC said.
The report also notes that the recycling of gold in the second quarter hit its lowest point since the first half 2007, and is returning to a level not seen since before the recession, when prices soared and cash-poor consumers rushed to sell their gold jewelry.
After experiencing a boom during the downturn, scrap dealers in the U.S. as well as in the United Kingdom have seen business slow in the last year or two, and many have shuttered their doors.
The WGC said it expects gold recycling to continue its decline, as consumers who needed to sell their gold already have done so and prices today are lower and
it seems unlikely the market will experience a repeat of the gold-selling rush seen during the recession.
More on Other
The Latest
WatchesJan 23, 2026
Damiani Group to Acquire Baume & MercierThe Italian luxury company purchased the nearly 200-year-old Swiss watch brand from Richemont.
TrendsJan 23, 2026
Martin Katz’s Earrings Call to Mind Wintry Weather Micro-set with hundreds of diamonds, these snowflake earrings recreate “winter’s most elegant silhouette,” and are our Piece of the Week.
Brought to you by
How Jewelers Can Fight Back Against Cell JammersCriminals are using cell jammers to disable alarms, but new technology like JamAlert™ can stop them.
MajorsJan 23, 2026
Rembrandt Charms Names New Director of Creative, Brand StrategyElla Blum was appointed to the newly created role.
Weekly QuizJan 22, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Supplier BulletinJan 22, 2026
The Rise of Centralized Sourcing in the Colored Gemstone MarketSponsored by RapNet
MajorsJan 22, 2026
Lugano Diamonds Finds a BuyerInvestment firm Enhanced Retail Funding, a division of Gordon Brothers, was the successful bidder.
Brought to you by
Impacting Tomorrow TodayHow Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.
SourcingJan 22, 2026
De Beers To Release ‘A Diamond Is Forever’ BookIt explores the history of the iconic tagline and the company’s strategy to redefine the role of diamonds in society.
MajorsJan 22, 2026
Swarovski Appoints New North America PresidentRetail veteran Sindhu Culas has stepped into the role.
MajorsJan 22, 2026
Stuller Names New Chief Merchandising, Marketing, Sales OfficerTaylor Burgess, who has been at Stuller since 2013, was promoted to the newly created role.
PodcastsJan 21, 2026
Episode 1: High Gold Prices, the Diamond Dilemma, & What’s NextWas 2025 a good year for jewelers? Did lab-grown diamonds outsell natural? Find out on the first episode of the “My Next Question” podcast.
EditorsJan 21, 2026
6 Jewelry Designers Poised to Have a Breakout Year in 2026Whether you recognize their jewels or are just discovering them now, these designers’ talent and vision make them ones to watch this year.
SourcingJan 21, 2026
Tucson Preview 2026: Earthy Tones and Innovative Shapes Buyers are expected to gravitate toward gemstones that have a little something special, just like last year.
CrimeJan 21, 2026
4 Men Charged in $1.7M California Smash-and-Grab Jewelry Store RobberyPlus, JSA’s Scott Guginsky discusses the need for jewelers to take more precautions as the gold price continues to climb.
IndependentsJan 21, 2026
Delaware Jeweler Felice Morris Dies at 91Morris’ most cherished role was being a mother and grandmother, her family said.
CollectionsJan 21, 2026
Bulgari Weaves New Collection of ‘Vimini’ Creations“Vimini” is the first chapter of the “Bulgari Eternal” collection that merges archival pieces with modern creations.
Events & AwardsJan 21, 2026
Jewelers Mutual’s ‘Conversations’ Retreat Returns to Discuss AIThe third edition will be held in Half Moon Bay, California, in April.
Events & AwardsJan 20, 2026
These Are the 5 Finalists for the David Yurman Gem Awards GrantThe grant is in its first year and was created to recognize an exceptional fine jewelry designer whose star is on the rise.
ColumnistsJan 20, 2026
First-Party Data Is the Most Valuable Asset Jewelers Have in 2026Data built on trust, not tracking, will be key to success going forward, as the era of “borrowed attention” ends, Emmanuel Raheb writes.
MajorsJan 20, 2026
Borsheims Hires New Assistant Facilities ManagerHeath Yarges brings two decades of experience to the role.
EditorsJan 16, 2026
Remembering Pete Yantzer for His Contributions and His Kindness Pete’s boundless curiosity extended beyond diamond cut and he was always eager to share his knowledge with others, no matter the topic.
FinancialsJan 16, 2026
Richemont’s Jewelry Brands Shine in Q3Cartier, Van Cleef & Arpels, Buccellati, and Vhernier had another successful holiday season, Richemont reported this week.
TrendsJan 16, 2026
Diane Lane's Brooch Buzzes at the 2026 Golden GlobesOur Piece of the Week is Lagos’ “Bee” brooch that was seen on the red carpet for the first time on Sunday.
CrimeJan 15, 2026
D.C. Rapper ‘Taliban Glizzy’ Sentenced to 18+ Years for Jewelry Store RobberiesTrevor Jonathan Wright led a crew in a string of armed robberies targeting South Asian-owned jewelry stores on the East Coast.
Events & AwardsJan 15, 2026
Jewelers of Americas’ ‘20 Under 40’ Nominations Now OpenThe program recognizes rising professionals in the jewelry industry.
Events & AwardsJan 15, 2026
Registration for JCK Las Vegas 2026 Is Now OpenA new lifestyle section and a watch showcase have been added to this year’s event.
