The company said Benjamin Clymer will return to his role as head of the watch news website, which will maintain editorial independence.
New Nielsen Study Shows Consumer Optimism Toward Jewelry
The survey showed Americans are becoming more optimistic about their financial futures and view precious jewelry as an important category.
Platinum Guild International USA commissioned the study, which was conducted by Nielsen IQ in four key global markets: the United States, mainland China, India and Japan.
In the U.S., Nielsen interviewed 500 consumers in February and early March this year.
While only 33 percent surveyed called current economic conditions “positive,” with 28 percent deeming them “neutral” and 39 percent “negative,” the survey showed higher expectations for economic conditions in the next three months.
More than half, or 53 percent, said they expected economic conditions in the next three months to “get better,” 26 percent said they expected them to “stay the same” and only 22 percent thought they would “get worse.”
When asked about their own financial situations, 46 percent indicated their current status was “positive,” 35 percent said “neutral,” and 19 percent said “negative.”
But again, respondents were optimistic about the coming three months, with 54 percent believing their personal financial situations would “get better,” 35 percent believing they would “stay the same” and only 10 percent indicating they thought they would “get worse.”
PGI USA shared several jewelry-specific insights from the study, such as over half of respondents indicating they were looking to purchase non-bridal jewelry in the next year.
Females age 18 to 45 are the most likely to buy themselves non-bridal jewelry, while males age 31 to 45 are the most likely to gift jewelry. Eight out of 10 respondents said they now feel comfortable shopping in-store.
Fine jewelry perception also proved to be positive.
Thirty-three percent of respondents “strongly agreed” that precious jewelry remains important for commemorating important occasions, while 43 percent “agreed,” 18 percent felt “neutral” toward the statement, 4 percent disagreed and 2 percent strongly disagreed.
Thirty-three percent of respondents also “strongly agreed” that precious jewelry is personally meaningful to them, with 39 percent “agreeing,” 20 percent saying they felt “neutral” toward the idea, 4 percent “disagreeing” and 3 percent “strongly disagreeing.”
When asked if they agreed with the statement: “Precious jewelry is a great purchase as it retains its value, which is important in today’s times,” 33 percent “strongly agreed,” 39 percent “agreed,” 19 percent said they felt “neutral” toward the statement, 7 percent “disagreed” and 3 percent “strongly disagreed.”
Lastly, 30 percent of American respondents said they “strongly agreed” that “precious jewelry signifies significant emotions and relationships that I cherish more than other luxury items.”
43 percent “agreed,” 18 percent felt “neutral,” 6 percent “disagreed” and 3 percent “strongly disagreed.”
The Latest
The industry veteran is also the president-elect of the Women’s Jewelry Association.
Slither into spooky season with this scary snake ring that boasts two heads with tsavorite eyes.
This fall, sharpen your skills in jewelry grading, quality control and diamond assessment.
Plus, how to apply for emergency funds and donate to recovery efforts.
A strong economy, a growing middle class with an affinity for brands, and rapid expansion of organized retail have fueled the market’s rise.
Ladell Tharpe, 39, took part in a 2022 jewelry store robbery and then posted pictures of cash on Instagram with the text “Robbery Gang.”
Don't miss this one-stop-shop in October, curated with buyers’ needs in mind.
The trade organization welcomed Sheryl Jones to its board of directors for a three-year term.
New Chief Marketing Officer Berta de Pablos-Barbier has worked for LVMH’s champagne brands and Kering-owned Boucheron.
Transition to fall with this month’s birthstones of opal and tourmaline.
Sotheby’s will auction jewelry belonging to the “Diamonds Are Forever” singer Oct. 10 in Paris.
The De Beers-owned lab-grown diamond company is rebranding and creating new collections, though its long-term future remains unclear.
The collection is part of the retailer’s new “Rethink Everything You Know About Diamonds” campaign.
The sale includes the custom-made, diamond-set Audemars Piguet watch the QB wore for Netflix’s “The Roast of Tom Brady.”
The Armenian Jewellers Association is hosting its design competition for the second year, with winners showcasing at GemGenève in May 2025.
The jewelry retailer has named her successor and also will expand the role of Chief Financial Officer Joan Hilson.
The Signet Jewelers-owned banner has a new campaign and plans for store redesigns.
Creative Director Jen Insardi brings a new take on classic gold bead designs to her “Solar” collection.
The recipient, Glenn Douglass, also was inducted into the OJA Hall of Fame.
The manufacturer recognized several team members at its 2024 Milestone Anniversary Banquet.
The single-owner collection sale, which took place in New York last week, achieved $4.8 million, with almost every lot finding a buyer.
While statement pieces always shine, it’s time for everyday staples to be the star of the show.
Jewelers of America leadership and members recently headed to D.C. to share the industry’s top concerns with lawmakers.
Three members of JA's 2024 "20 Under 40" class join Amanda Gizzi and Lauren McLemore to share their tips for seasonal retail success.
The necklace, inspired by ancient artifacts, celebrates strength, endurance, and the natural world.
Rocksbox is the first banner owned by Signet to sell its jewelry through the retail giant.