Headlines

Demand for Gold Jewelry Tumbles Across the World – Except in the U.S.

Published

8 years ago

May 13, 2016

INSTORE Staff

We’re up to nine straight quarters of year-over-year growth.

The World Gold Council says that global demand for gold jewelry declined by 19 percent in the first quarter, including big drops in the two largest gold markets of India and China, Forbes writes. However, the article notes, the appetite for gold jewelry in the U.S. continues to grow, with demand inching up 2 percent last quarter to make nine straight quarters of year-over-year increases. “Some retailers were re-entering the gold jewelry market after slashing or completely eradicating their gold product offerings, WGC said. In addition, double digit gains in gold jewelry imports in January and February ‘was a clear indication of US consumers’ continued desire for gold jewelry.’”

She Wanted to Spend More Time with Her Kids. She Called Wilkerson.

Your children are precious. More precious than gold? Absolutely! Just ask Lesley Ann Davis, owner of Lesley Ann Jewels, an independent jewelry store that — until the end of 2023 — had quite a following in Houston, Texas. To spend more time with her four sons, all in high school, she decided to close her store. Luckily, she was familiar with Wilkerson and called them as soon as she knew she wanted to move on to bigger, better and more family-focused things. Was she happy with her decision? Yes, she was. Says Davis, “Any owner looking to make that life change, looking to retire, looking to close, looking for a pause in their career, I would recommend Wilkerson. Hands down!”