01172017Tue
Last updateWed, 11 Jan 2017 7pm
ASHI launches #LovebrightValentine Sweepstakes

ASHI launches #LovebrightValentine Sweepstakes

 

(NEW YORK) - After receiving a “fantastic response...

Retailer Roundtable: What is your outlook for the industry in 2017?

Retailer Roundtable: What is your outlook for the industry in 2017?

Q: What is your outlook for the industry in 2017?  

“...

How will Trump’s election affect retail jewelers?

How will Trump’s election affect retail jewelers?

President-elect Donald Trump has been in the publi...

Greg Lynn discovers art in the midst of struggle

Greg Lynn discovers art in the midst of struggle

When Greg Lynn’s parents were transferred from Nor...

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24K Club SEUS accepting applications for 2017 scholarships

24K Club SEUS accepting applications for 2017 scholarships

The 24 Karat Club Southeastern United States (SEUS) is pleased to announce that applications are currently being accepted for multiple scholarships. Individuals employed in the jewelry industry for a minimum of 2 years, currently working in the indus...

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Industry Events

Bangkok Gems & Jewelry Fair coming in February

Bangkok Gems & Jewelry Fair coming in February

The Department of International Trade Promotion (DITP), the Ministry of Commerce of the Royal Thai government has extended an invitation for U.S. jewelers to visit the upcoming 59th Bangkok Gems & Jewelry Fair 2017. The Fair will be held February...

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On The Move

Stuller commits to promoting health and wellness in Louisiana

Stuller commits to promoting health and wellness in Louisiana

Company designated as a top-level WellSpot

(LAFAYETTE, La.) - Stuller is proud to announce that they have been named a level one WellSpot by Well-Ahead Louisiana, an initiative started by the Louisiana Department of Health.

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What's New

MJSA launches Council of Custom Jewelers as part of new Custom Design program

MJSA launches Council of Custom Jewelers as part of new Custom Design program

MJSA, a trade association dedicated to professional excellence in jewelry making and design, has introduced the MJSA Council of Custom Jewelers as part of a wide-ranging program to advance the art and consumer appreciation of custom jewelry design.

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Featured Articles

Female wounded warrior finds passion, career and calling in jewelry

Female wounded warrior finds passion, career and calling in jewelry

There are many paths to finding the right career. Most are predictable, but sometimes the path becomes clear only through adversity. Richard Branson, whose net worth of $4.9 billion makes him nearly 10 times wealthier than Queen Elizabeth II, dropped...

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Latest News

24K Club SEUS accepting applications for 2017 scholarships

5 DAYS AGO
24K Club SEUS accepting applications for 2017 scholarships

The 24 Karat Club Southeastern United States (SEUS) is pleased to announce that applications are currently being accepted for multiple scholarships. Individuals employed in the jewelry industry for a minimum of 2 years, currently working in the industry and holding residence in the following states ...

Readmore

Police searching for suspects in $6M New Years Eve jewelry heist

13 DAYS AGO
Police searching for suspects in $6M New Years Eve jewelry heist

Three jewel thieves ended 2016 with a $6 million score, raiding safes at a Midtown jewelry wholesaler just after the ball dropped on New Year’s Eve.

Authorities believe the heist was an inside job, police sources said, since the thieves didn’t even have to crack the safes when they got inside.

“The sa...

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Bangkok Gems & Jewelry Fair coming in February

13 DAYS AGO
Bangkok Gems & Jewelry Fair coming in February

The Department of International Trade Promotion (DITP), the Ministry of Commerce of the Royal Thai government has extended an invitation for U.S. jewelers to visit the upcoming 59th Bangkok Gems & Jewelry Fair 2017. The Fair will be held February 22-26, 2017 at the IMPACT Exhibition & Conven...

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GIA’s annual Board and Research meetings bring together international experts

14 DAYS AGO
GIA’s annual Board and Research meetings bring together international experts

Board welcomes Barbara Dutrow and Stephen Kahler; honors Aron Suna and Hank Siegel for their 16 years of combined service

(CARLSBAD, Calif.) - GIA’s Board of Governors inducted Dr. Barbara Dutrow, Adolphe G. Gueymard Professor of Geology at Louisiana State University; and Stephen Kahler, senior vice p...

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Stuller commits to promoting health and wellness in Louisiana

5 DAYS AGO
Stuller commits to promoting health and wellness in Louisiana

Company designated as a top-level WellSpot

(LAFAYETTE, La.) - Stuller is proud to announce that they have been named a level one WellSpot by Well-Ahead Louisiana, an initiative started by the Louisiana Department of Health.

Readmore

U.S. Kimberley Process Authority appoints IGI’s Jerry Ehrenwald to Board

19 DAYS AGO
U.S. Kimberley Process Authority appoints IGI’s Jerry Ehrenwald to Board

(NEW YORK) - The United States Kimberley Process Authority (USKPA), the not-for-profit organization that administers the use of Kimberley Process certificates for exports of rough diamonds from the U.S., announced that Jerry Ehrenwald, G.G., A.S.A, president and CEO of the International Gemological I...

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MJSA launches Council of Custom Jewelers as part of new Custom Design program

5 DAYS AGO
MJSA launches Council of Custom Jewelers as part of new Custom Design program

MJSA, a trade association dedicated to professional excellence in jewelry making and design, has introduced the MJSA Council of Custom Jewelers as part of a wide-ranging program to advance the art and consumer appreciation of custom jewelry design.

Readmore

LaserStar introduces the FiberCube Compact

5 DAYS AGO
LaserStar introduces the FiberCube Compact

LaserStar Technologies, U.S. manufacturer of laser systems and solutions for laser engraving, laser welding and laser cutting specifically designed for jewelry production and repair, is pleased to introduce the 3802 Series FiberStar Compact Laser Engraving System.

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Self purchasing woman would buy more color

AGTA/JCOC study finds key industry barriers remain in place

(PASO ROBLES, Calif.) - The self-purchasing woman has become a powerful consumer force in the marketplace. However a recent market research study conducted by the Jewelry Consumer Opinion Council® (JCOC) on behalf of the American Gem Trade Association (AGTA) found that as a jewelry consumer this demographic is largely under exploited and ignored by the broad spectrum of the industry.

The JCOC study was conducted between September 18 and September 24, 2009 and was completed by 1,346 women.

“This study clearly identifies the need for stores to carry more selection of jewelry containing colored gemstones and cultured pearls and further defines the benefit of increased staff training. This study shows us that women shop to accessorize specific fashion outfits and need more selection and guidance from the store staff, ” says Douglas K. Hucker, AGTA CEO.

“There are many opportunities for our industry to increase sales with this growth demographic,” adds Mr. Hucker.

The JCOC study reports a significant majority of female self purchasers will purchase new shoes for themselves between 2-5 times (65%) in a typical year with an additional 12% saying they will purchase new shoes more than 5 times in a year.

The respondents say they will purchase a new dress or clothing outfit for themselves 2-5 times per year (45%) and 29% say more than 5 times per year. Yet, when asked how many times they would purchase jewelry containing colored gemstones or cultured pearls for themselves in a typical year the largest numbers are 1 time (23%), Not sure (19%) and None (23%).

“Clearly an opportunity exists for the jewelry industry to market to these self purchasing women particularly in light of the fact that the majority of those shopping for jewelry containing colored gemstones or cultured pearls may be shopping to accessorize a specific fashion outfit,” said Marty Hurwitz, CEO of MVI Marketing Ltd, the parent company of the JCOC.

Additional key findings from this research were:

35% of respondents still purchase jewelry containing colored gemstones or cultured pearls at local independent jewelry retailers, however 57% only sometimes find enough selection and choices and 61% only sometimes find prices within their budget

The 3 most important value drivers in importance to these consumers in terms of shopping for this product are:

  1. Knowing that the gemstone or pearls in the jewelry are real versus synthetic
  2. Having confidence in the person selling me the colored gemstone or pearl jewelry
  3. Being able to easily return or exchange a style of colored gemstone or pearl jewelry

The complete report of findings is available for free at www.mvimarketing.com and www.agta.org.

For more information, please contact AGTA at 800-972-1162 or MVI Marketing Ltd. at 805-239-2994 x101 or e-mail This email address is being protected from spambots. You need JavaScript enabled to view it..


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