Feb 10
Feb 10
When it comes to jewelry sales this Valentine’s Day, all that glitters may not be gold.
With the price of gold skyrocketing – up more than 55 percent from a year ago – and the economy continuing to slow, Valentine’s Day could be less than sweet for jewelry stores and consumers alike. Adding to the jewelry industry’s woes are price increases for other precious metals, such as platinum, and diamonds.
Valentine’s Day is a crucial holiday for the jewelry industry. The six weeks leading up to Feb. 14 are the the second-busiest time of year, followed only by the December holiday season. (more…)
Tags: diamond prices, diamonds, gold jewelry, jewelry business, jewelry sales, jewelry stores, platinum, precious metals, Valentine's gifts, watches
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