"The report on the state of the US jewelry market contains unique information that was never before available to the diamond industry, and includes detailed demographic studies of who buys jewelry and what, and the cost of these purchases." In the study, we proved that today's 20-35-year-olds are the main demand for jewelry, "said Edahn Golan, global consultant to the diamond industry and author of the report.
Partly thanks to this trend, jewelry sales in the US rose 1.4% to $ 68.8 billion. Sales of watches were particularly successful, growing 7.7% to $ 9.13 billion. The average price of jewelry was a record $ 434 per household . However, despite the fact that demand for jewelry increased, experts observed a decline in the average price of jewelry purchased. Holiday Christmas sales of jewelry products also fell 1.2%, although they are now the main time frame for the sale of jewelry.
Diamonds are an important component of the jewelry business. They are offered not only as an engagement gift, but also used to replace stones lost from jewelry or to improve such luxury items. It is not uncommon for customers to change a diamond in their favorite jewelry, such as a ring, for a larger and beautiful stone.
In 2014, the US imported $ 24.16 billion worth of diamonds, the average price of stones was $ 2023 per carat. However, polished exports amounted to $ 20.93 billion.
With regard to the net import of diamonds, Israel's share was $ 9.25 billion in 2014. In second place is India with $ 7.68 billion, and on the third - Belgium, its share was $ 4 billion.
Thanks to the recovery of the US economy, consumers plan to buy more premium segment products. The natural choice in this case are jewelry, and the increased demand for them means that this trend continues even now.
Completely with the report of Edan Golan can be found here .
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