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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.’”

Looking for a Seamless Sale? Call Wilkerson

After almost 60 years in business, Breakiron Jewelers in Erie, Pennsylvania, was closing its doors. And the store’s owner, Linda Breakiron, was ready for it. She had run the store as its sole owner since the beginning of the millennium and was looking forward to a change. Of course, she called Wilkerson. Breakiron talked to other jewelers who had used Wilkerson and was satisfied with their response. “They always had positive feedback,” she recalls. With the sales, marketing and even additional inventory that Wilkerson provided, Breakiron insists she could never have accomplished her going-out-of-business sale without Wilkerson’s help. She’s now ready for the journey ahead, but looking back, she’d be sure to recommend Wilkerson. “They just made the whole process very seamless.”