Connect with us

Headlines

New Report Expects U.S. Demand for Jewelry to Grow Despite Uncertainty Elsewhere

mm

Published

on

Improved job market credited for last year’s increase in sales.

U.S. jewelry demand increased last year on the strength of sustained economic recovery and an improved job market, according to a new report from De Beers that’s cited by Rapaport. The article says that total U.S. jewelry sales jumped by 5 percent to $39 billion, though that wasn’t enough “to lift the global industry which contracted 2 percent because of sluggishness in emerging-market economies and the strength of the U.S. dollar.” De Beers expects U.S. demand to continue growing in 2016 amid an uncertain global economy.

Read more at Rapaport

Advertisement

SPONSORED VIDEO

Thinking of Liquidating? Think: Wilkerson

When Peter Reines, owner of Reines Jewelers in Charlottesville, VA, decided it was time to turn over the “reins” of his 45-year-old business to Jessica and Kevin Rogers, he chose Wilkerson to run his liquidation sale. It was, he says, the best way to maximize the return on his decades-long investment in fine jewelry. Now, with new owners at the helm, Reines can relax knowing that the sale was a success, and his new life is financially secure. And he’s glad he partnered with Wilkerson for this once-in-a-lifetime opportunity. “There’s just no way one person or company could run a sale the way we did,” he says.

Promoted Headlines

Most Popular