CPM Group study projects rising silver prices
New York—The CPM Group has released the 2008 update to its Silver Long-term Outlook market study, which forecasts higher silver prices over the next decade due to increased supply coupled with...
U.S. gold jewelry demand decreases in 2007
London—A 4 percent increase in gold demand coupled with a price that raced toward the long-held $850 per ounce record, created a record-breaking $79 billion demand for gold in 2007, the World...
Gold classics with twist emerge in face of higher prices
New York--The upward swoop of gold prices might be deterring some, but a heightened cost can also help to drive desire, and a variety of innovative designs are keeping gold jewelry at the top of many...
Wobbly market drives record Q3 gold demand
London--As Lehman Brothers collapsed and bank fears grew in recent months, investors worldwide seeking safe havens turned to gold, with dollar demand for the metal reaching all-time records in the...
Survey: U.S. consumers reduce spending to combat gas prices
Schaumburg, Ill.—Nearly half (49 percent) of U.S. consumers are reducing their spending to compensate for rising gas prices, up four points from June 2007, according to new research from The...
Study: Gas prices disrupt U.S. consumer spending
Schaumburg, Ill.—Dramatic fluctuations in gas prices are disrupting U.S. consumer spending, leaving shoppers with less money to spend at retail and on entertainment and dining out, according to...
Gold tops $900 an ounce
New York—High oil prices, a weak dollar and fears of a U.S. recession continue to push the price of gold skyward.
Special Delivery attendees hopeful for holiday
New York--Jewelry retailers and exhibitors combing the aisles at the JA New York Special Delivery show over the weekend shared the same sentiment: Christmas is still coming, despite the dismal...
Weak dollar, investors to push gold prices higher
New York—Two industry experts predicted gold prices would push past $1,100 an ounce in the coming year, fueled by a weak U.S. dollar and growing inflation fears.
Jewelry scrapped as gold prices skyrocket
High gold prices make it more profitable for Michigan-based Wepman Brokers to sell certain pieces of jewelry for scraps rather than clean and resell them, mLive.com reported. Owner Tonja Wepman...
Special Delivery attendees hopeful for holiday
New York—Jewelry retailers and exhibitors combing the aisles at the JA New York Special Delivery show over the weekend shared the same sentiment: Christmas is still coming, despite the dismal...
Gold prices dominate spring buying plans
New York—Retailers strolling the aisles at the JA New York Winter Show presented a mixed picture of expectations for 2008, a year overshadowed by the threat of recession and increasing gold...
Study: Pressure at pump curbs spending
Schaumburg, Ill.—Nearly two-thirds of U.S. consumers (63 percent) are reducing their spending due to rising gas prices, up 18 points since June 2007 and up 14 points in the last six months...
JBT phone lines down
Warwick, R.I.—Due to inclement weather last weekend, the Jewelers Board of Trade (JBT) is unable to receive phone calls to its main number, (401) 467-0055, and is offering an alternate line,...
Star Ring presents new metal, Platina 4
Chatsworth, Calif.—Fine-jewelry supplier Star Ring will be setting up shop at the JCK Show in Las Vegas with jewelry designs in its new patented metal, Platina 4, a blend of four precious...
U.S. chain-store sales up 3.6 percent
New York—High fuel prices and severe storms across the nation this winter caused a modest same-store sales increase of 3.6 percent between Black Friday and Dec. 24 for U.S. retailers compared...
Survey: Consumers making fewer store runs
Schaumburg, Ill.—High gas prices and other economic pressures mean consumers today are more likely to combine shopping trips, according to The Nielsen Co.
Palladium finds niche amid record-high metal prices
Billings, Mont.—As precious metal prices continue to break records, and consumers cut down on luxury spending, designers and manufacturers are moving toward lower-cost options such as...
Mass-market consumers may not trade up in 2008
As the economy sputters and mall retailers continue to lose market share to other distribution channels, industry experts expect to see a range of factors impacting the high-volume jewelry sector this...
EXCLUSIVE: Jewelers see uptick in sales since Black Friday
New York—Sales were more robust over this second weekend of the holiday season when compared with the same time last year, with diamonds the clear jewelry-gift frontrunner, reported several...