Plus, National Retail Federation Chief Economist Jack Kleinhenz shares his thoughts on inflation and a possible recession.
The data comes from Tenoris, the new trend analysis company started by Edahn Golan and Chris Casey.
Retail ounce sales were up 23 percent year-over-year in Q1, according to the recent Platinum Jewellery Business Review.
“Today’s Wedding Jewelry Consumer” shares data about engagement ring market size, lab-grown and natural diamonds, and more.
The Consumer Confidence Index dipped in April, but U.S. consumers remain “cautiously optimistic” overall, The Conference Board said.
According to a National Retail Federation survey, 41 percent of consumers are predicted to give jewelry as a gift this year.
PGI said its U.S. partners recorded their best performances in 2021.
Here’s which factors influence—and which don’t—their purchasing decisions.
Retail sales are expected to grow 6 to 8 percent in 2022.
Fewer consumers expect to make big purchases, like homes or vacations, over the next six months.
Jewelry spending for the holiday is estimated to reach a record $6.2 billion.
Two of the brands in the top slots may come as a surprise.
Despite a dip in confidence and a rise in prices, consumers continue to spend.
High household savings rates and progress in the fight against COVID should keep consumers spending.
It has become, and will continue to be, an important factor in diamond purchases, according to the 2021 Diamond Insight Report.
Mastercard’s SpendingPulse survey said early shopping, bigger price tags and digital experiences will be the hallmarks of holiday 2021.