Headlines

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

Published

9 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.’”

After 139 Years, A Family Legacy Finds Its Perfect Exit With Wilkerson.

When third-generation jeweler Sam Sipe and his wife Laura decided to close Indianapolis’ historic J.C. Sipe Jewelers, they turned to Wilkerson to handle their retirement sale. “The conditions were right,” Sam explains of their decision to close the 139-year-old business. Wilkerson managed the entire going-out-of-business sale process, from marketing strategy to sales floor operations. “Our goal was to convert our paid inventory into retirement funds,” notes Sam. “The results exceeded expectations.” The Sipes’ advice for jewelers considering retirement? “Contact Wilkerson,” Laura says. “They’ll help you transition into retirement with confidence and financial security.”