Headlines

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

Published

7 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.’”

Wilkerson Testimonials

Wilkerson: “They Feel Like Family”

Newton’s Jewelers in Fort Smith, Ark., was a true institution. But after being at the helm for most of his life, owner (and descendent of the original founder) Kelly Newton decided it was time to retire. He chose Wilkerson to handle the sale. “I’ve known the owners of Wilkerson for a long, long time. I felt at home with them,” he says. The final retirement sale was just a “blast” and the Wilkerson sales team made it so very simple and straightforward, says Newton. Would he recommend Wilkerson to others? Absolutely. “They’ve done incredible work,” says Newton. “They feel like family.”