Demand grew 2%.
U.S. demand for gold jewelry in the first quarter was higher than in any first quarter since 2009, the World Gold Council reports.
Demand grew 2 percent year-over-year to 23.3 tonnes, the organization said in its “Gold Demand Trends Q1 2018” report.
“Aided by supportive economic conditions, the market continued to build on the uptrend that started in 2013, highlighting the positive effect income growth has on gold jewellery demand,” the council said. “Online sales again showed strong growth, a trend that is expected to continue.”
Worldwide, gold jewelry demand was 487.7 tonnes in the first quarter, down 1 percent from first-quarter 2017.
The council credited the even demand to “relatively stable gold prices and a broadly supportive economic environment.”
Family Legacy, New Chapter: How Wilkerson Turns 89 Years of History Into Future Success
After 89 years of serving the Albany community, Harold Finkle Your Jeweler faced a pivotal decision. For third-generation owner Justin Finkle, the demanding hours of running a small business were taking precious time away from his young family. "After 23 years, I decided this was the time for me," Finkle explains. But closing a business with nearly nine decades of inventory and customer relationships isn't something easily managed alone.
Wilkerson's comprehensive approach transformed this challenging transition into a remarkable success story. Their strategic planning handled everything from advertising and social media to inventory management and staffing — elements that would overwhelm most jewelers attempting to navigate a closing sale independently.
The results speak volumes. "Wilkerson gave us three different tiers of potential goals," Finkle notes. "We've reached that third tier, that highest goal already, and we still have two weeks left of the sale." The partnership didn't just meet financial objectives—it exceeded them ahead of schedule.
