Leveraging Luxury Industry Trends
Your Jewelry Store Can Profit from Luxury Industry Trends!
According to research, the future of the jewelry industry sparkles brightly!! However, the jewelry customers of today are very different from customers of the past. They have different expectations of “what they buy”, they’re changing “where they buy” and they want good reason on “why to buy”!
The Plumb Club was pleased to host a valuable, retail-learning webinar on these evolving trends, presented by Jewelers of America (JA) in connection with Synchrony Financial. The webinar took place virtually at the Jewelers Resource Center Auditorium on Thursday, August 17th, 2023 at 2pm EDT.
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The webinar, entitled “Leveraging Luxury Industry Trends”, was presented as a conversation between Regina Ciarleglio of JA., Jonathan Preciado of Synchrony Financial and Amanda Gizzi of JA. The trio discussed how retailers can leverage a variety of research findings and recent trends such as:
- The predicted surge in personal luxury goods purchasing
- The projected increases in online sales
- The changing face and expectation of the luxury customer
- The importance of personal style reflection in jewelry purchasing
- The evolving trends of the wedding market
Additionally, the group pointed out the importance of financing in ensuring a consumer’s comfort level and reducing a barrier to purchase.
Jonathan Preciado is VP of Strategic Research and Insight Communications at Synchrony Financial, where he leads the development of Synchrony’s perspective on consumer and industry trends. He oversees strategic research initiatives to assess changes in market dynamics and shifts in consumer behavior. His work ensures that Synchrony and partners are equipped with the latest knowledge and actionable insights. Jonathan has over a decade of experience in research across a number of industries.
Amanda Gizzi is the Director of Public Relations & Events for Jewelers of America (JA), a unique resource for trend forecasting, industry information, statistics and shopping tips. As a nationally recognized industry spokesperson, Gizzi appears regularly on television morning shows, is quoted in magazines, and is an authority on fine jewelry and watch trends.
Regina Ciarleglio is the Director of Membership for Jewelers of America (JA). She began her career in the industry over 30 years ago at Cartier and has worked for brands such as Swiss Army, Gucci, Dior and GE Capital. She is a GG candidate at GIA and serves on the board of Providence Jewelers Club and WJA Providence.