Blogs
Looking Ahead: Strategies For 2019
The outlook among economic forecasters is positive for U.S. retail sales for the holiday season and year in total. Deloitte, the London-based multinational financial services firm, forecasts holiday retail sales this year (excluding automobiles and gasoline) to surpass last year’s 5% growth to reach upwards of 5.6% year-over-year between November and January, exceeding $1 trillion. […]
Retail Remains Robust, But Challenges Loom
The coming year promises a robust retail environment, as a growing economy supports greater purchasing power, reports Moody’s Analytics, a New York City based economic research firm. Retailers will enjoy brisk economic tail winds in 2019, says Moody’s, attributing liberal spending to a strong labor market, while a robust business climate is fueling higher corporate […]
Pitching Your Best Sellers
In the fine jewelry category there were no clear winners in product this year, but rather a potpourri of items attracting attention. “I don’t see any category blowing out sales—it’s a little bit of this and a little bit of that, but nothing like the major campaigns for two- and three-stone jewelry, which we’ve seen […]
The Future is Fine in Fashion
The rise of self-purchasing women is influencing key product categories for 2019, notably color stones, pearls and diamond fashion jewelry. JCK’s State of the Industry 2018 says female self-purchasers are changing ideas about who should buy jewelry and for what reasons, and growing the business while doing so. Sixty-five percent of jewelers polled by JCK […]
Growth Opportunities Abound For Men’s Jewelry
Men’s jewelry is a key category with immense growth opportunities to elevate its sales and visibility to that of men’s watches, guys’ No. 1 accessory. Cultural norms are blurring the line separating gender roles, as reflected in the jewelry sector with men today exploring new consumer realities, finds The Futurist, publisher of TrendVision. “Images of […]
Best Omni-Channel Strategy is a Unified Approach
Merging the in-store and online experiences to engage, inform, and connect with customers. The leading challenge luxury and jewelry companies face today is defining a comprehensive and unified omni-channel strategy that works best for their business. The Futurist, global luxury forecasting firm, in research conducted for The Plumb Club, finds that jewelers are struggling to […]
Gems & Pearls Top Product Categories In 2019
Colored gemstones and cultured pearls are top product categories for 2019, and the most exciting thing happening in this segment is that there’s more demand for more varieties of gems and pearls than ever before, a trend with longevity. Colored stones and pearls are benefitting from the great variety of material in this product category. […]
Up With Self-Gifting
The gift market has always been essential to the jewelry industry. Fine jewelry offers the ideal solution for people searching for message-bearing gifts — those with highly personal and emotional connections, made of precious materials and designed to last. But there have been some significant shifts in jewelry gifting, mainly based on changing attitudes among […]
The Plumb Club Supports the Industry Through JCK Industry Fund
The JCK Industry Fund was founded in 1997 at the behest of members of The Plumb Club, who urged the JCK show management to give back to the trade. Since then, The Plumb Club has continued its support of the Fund, which, to date, has awarded more than $6 million in grants to organizations working […]
Love Millennial Style
While romantic love remains the key driver for diamond jewelry sales among Millennials, according to De Beers, their attitudes toward how they express and symbolize their love are evolving. Although many still want to follow tradition, Millennials want personalized products and relaxed experiences that reflect their values and preferences. Couples are expressing their personalities in […]