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Research Firm Identifies Top 5 Emerging Trends in Diamond Jewelry Market Through 2019

Published

9 years ago

February 25, 2016

INSTORE Staff

There’s a rising demand for vintage.

A new report from Technavio, a tech research and advisory firm, identifies five key trends the company expects to impact the global diamond jewelry market through 2019. The firm defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

The top five emerging trends are:

Rising preference for branded jewelry
Emerging market for men’s diamond jewelry
Rise in online sales of diamond jewelry
Rising demand for vintage jewelry
Innovative options in daily wear

According to the firm, the global diamond jewelry market is expected to exceed $93 billion by 2019. “The rise in per capita disposable incomes, increasing number of diamond jewelry retailers, and rising number of consumers accepting the culture of giving diamond jewelry are some of the factors contributing to the rise in demand in countries like India, China, and Japan,” says Arushi Thakur, a lead research analyst at Technavio.

Read the release from Technavio here.

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.”