Connect with us

Headlines

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

mm

Published

on

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.’”

Read more Forbes

Advertisement

SPONSORED VIDEO

When Sales Beat Projections, You Know Wilkerson Did Its Job

There are no crystal balls when it comes to sales projections. But when Thomasville, Georgia jeweler Fran Lewis chose Wilkerson to run the retirement/going-out-of-business sale for Lewis Jewelers and More, she was pleasantly surprised to learn that even Wilkerson could one-up its own sales numbers. “Not only did we meet our goal, but we exceeded the goal that Wilkerson had given us by about 134%,” she says. After more than 40 years in the business, Lewis says she decided a few years ago to “move towards retirement.” And she was impressed by Wilkerson’s tenure in the industry. Overall, she’d recommend the company to anyone else who may be thinking it’s time to hang up their loupe. “As a full package, they’ve done a very good job and I’d definitely recommend Wilkerson.”

Promoted Headlines

Most Popular