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Impressive Retail Jewelry Sales Reported for First Quarter 2022

Retail jewelers seem to be purchasing more for stock and quickly replacing fast sellers to avoid potential inventory shortages.

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(PRESS RELEASE) Retailers are reporting strong sales during the first quarter of 2022. Whether it is the increase in lab grown diamonds, loose diamond bridal sales, diamond studs, tennis bracelets and tennis necklaces, consumers are buying

Retail jewelers seem to be purchasing more for stock and quickly replacing fast sellers to avoid potential inventory shortages.  According to Mastercard Spending Pulse Retail Jewelry sales are up 11.9% over 2021. Comparatively, they are up over 78.8% from 2019, pre pandemic.

At GN Diamond, we have seen retailers expand their lab grown diamond inventory as this market has exploded. GN continues to increase their inventory in lab grown diamonds with the goal to have one of the largest inventories in the marketplace.

GN has partnered with US-based Diamond foundry, who is one of the strongest vendors for lab grown diamonds. They offer a variety of shapes and sizes and their rough is whiter and brighter with 95% being an E,F,G color and VS clarity. Diamond Foundry specializes in creating elongated rough which allows the cutting process of fancy shapes to be energy efficient and cost-effective.

Lab Grown diamond studs and diamond jewelry certainly may account for the large growth in retail jewelry sales for 2022. This trend continues to gain traction among shoppers of all ages, but especially millennials.

Natural diamond sales continue to be on a strong path especially as the bridal season is upon us. GN Diamond offers a 100% sell through guarantee on all natural, loose diamonds and diamond jewelry.  This takes the risk out of buying for stock now and helps to increase sales.  Buyers, in general, want to buy that very same day; so not having the right inventory on hand may jeopardize a sale.

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GN is open 7 days a week at www.gndiamond.com with free overnight shipping. Feel free to call 800-724-8810, or email any questions to sales@gndiamond.com.

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Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”

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