{"id":30604,"date":"2025-03-27T13:45:25","date_gmt":"2025-03-27T08:15:25","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=30604"},"modified":"2025-03-27T13:45:25","modified_gmt":"2025-03-27T08:15:25","slug":"us-jewellery-sales-slowdown-as-affluent-spending-shifts-forbes-com","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/us-jewellery-sales-slowdown-as-affluent-spending-shifts-forbes-com\/","title":{"rendered":"US Jewellery Sales Slowdown As Affluent Spending Shifts: Forbes.com"},"content":{"rendered":"<p>Signet Jewelers, the world\u2019s top diamond jewellery retailer, reported a 7% revenue drop for fiscal 2025, falling to $6.7 billion from $7.1 billion, after a 12% decline the prior year, according to a report by <em>Forbes.com<\/em>. Operating brands like Kay Jewelers and Zales, Signet forecasts 2026 sales between $6.53 billion and $6.8 billion\u2014a 13-16% drop over three years. CEO J.K. Symancyk admitted to <em>Forbes.com<\/em>, \u201cGrowth has been elusive.\u201d<\/p>\n<p>Despite a 5% U.S. jewellery market rise to $85.4 billion in 2024 (Bureau of Economic Analysis, via Forbes.com), affluent consumers are pulling back. <em>Forbes.com<\/em> notes Pandora\u2019s 14% US growth in the mass market, while luxury brand Richemont (Cartier) rose 15% to $4.3 billion. LVMH\u2019s jewellery group (Tiffany) grew just 1% to $2.8 billion. Tenoris reported a tepid 1% sales increase among independent jewellers, <em>Forbes.com<\/em> reported.<\/p>\n<p>Chandler Mount of Affluent Consumer Research Company told <em>Forbes.com<\/em>, \u201cThe luxury market will shift in 2025,\u201d driven by preferences for experiences, sustainability, and economic caution. ACRC data shows jewellery purchase intent among high earners ($200k+) fell from 28% in 2022 to 22% this year\u20141.5 million fewer buyers quarterly. <em>Forbes.com<\/em> highlights lab-grown diamonds (LGD) gaining traction, with 43% unit sales growth and lower prices, cutting into natural diamond sales. Mount noted to <em>Forbes.com<\/em> that affluent consumers favour experiences like travel over goods, signalling a \u201cnotable\u201d jewellery market contraction ahead if economic optimism doesn\u2019t rebound.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Signet Jewelers, the world\u2019s top diamond jewellery retailer, reported a 7% revenue drop for fiscal 2025, falling to $6.7 billion from $7.1 billion, after a 12% decline the prior year, according to a report by Forbes.com. Operating brands like Kay Jewelers and Zales, Signet forecasts 2026 sales between $6.53 billion and $6.8 billion\u2014a 13-16% drop&hellip;<\/p>\n","protected":false},"author":1,"featured_media":30605,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-30604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US Jewellery Sales Slowdown As Affluent Spending Shifts: Forbes.com - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/us-jewellery-sales-slowdown-as-affluent-spending-shifts-forbes-com\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Jewellery Sales Slowdown As Affluent Spending Shifts: Forbes.com - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Signet Jewelers, the world\u2019s top diamond jewellery retailer, reported a 7% revenue drop for fiscal 2025, falling to $6.7 billion from $7.1 billion, after a 12% decline the prior year, according to a report by Forbes.com. Operating brands like Kay Jewelers and Zales, Signet forecasts 2026 sales between $6.53 billion and $6.8 billion\u2014a 13-16% drop&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/us-jewellery-sales-slowdown-as-affluent-spending-shifts-forbes-com\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-27T08:15:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2025\/03\/shutterstock_183036212.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/us-jewellery-sales-slowdown-as-affluent-spending-shifts-forbes-com\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2025\/03\/shutterstock_183036212.jpg\",\"width\":1000,\"height\":600,\"caption\":\"\\u00a9 Shutterstock\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/us-jewellery-sales-slowdown-as-affluent-spending-shifts-forbes-com\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/us-jewellery-sales-slowdown-as-affluent-spending-shifts-forbes-com\/\",\"name\":\"US Jewellery Sales Slowdown As Affluent Spending Shifts: Forbes.com - Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/us-jewellery-sales-slowdown-as-affluent-spending-shifts-forbes-com\/#primaryimage\"},\"datePublished\":\"2025-03-27T08:15:25+00:00\",\"dateModified\":\"2025-03-27T08:15:25+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/us-jewellery-sales-slowdown-as-affluent-spending-shifts-forbes-com\/\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/30604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=30604"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/30604\/revisions"}],"predecessor-version":[{"id":30606,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/30604\/revisions\/30606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/30605"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=30604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=30604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=30604"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=30604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}