Diamonds & Engagement Rings News

Finejewelrynews.com is a website that was launched recently for women who would like to share their interest in jewelry, as well as give and receive advice about it.

The website has a link called, “Fine Jewelry Connection,” which offers members to share ideas and advice, tell stories, or ask questions. “A View from You,” is another link that allows women to cast votes and find out similarities they have with other jewelry lovers.

Fine Jewelry News is very helpful to women with such interest in jewelry but, is also very much beneficial to the jewelry industry. The jewelry industry can get a good idea about what women think of jewelry and what’s important to them through Fine Jewelry News. With new ideas of jewelry designs on the website, the jewelry industry will be able to better serve their customers.

Once thought to be little more than trinkets, old jewelry stuffed away in attics and keepsakes in boxes has suddenly become a small treasure because of the extraordinarily high price of gold and silver.

Gold which is now being sold for $900 an ounce has more than dubbeld compared to four years ago and silver has hit a record high of $20 an ounce up from last years $7.

People are now walking into stores and selling there gold and silver some people have even resorted into selling the metal coupling out of their air-conditioners and walking out of the store with thousands of dollars.

However lucky these prices are not making a dent in those people who are wishing to buy engagement rings.

These people don’t care that the gold or silver in their engagement rings are going to cost more because it is believed that when the economy is going through some rough times gold and silver is looked at to be rarity and beauty and who wouldn’t want to have that.

For more information about the prices of gold and silver and where you can if you are interested in selling click on the link below.

http://www.redorbit.com/news/business/1338071/

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The price of platinum, the metal choice by consumers for their engagement rings, wedding rings, and wedding bands has risen meteorically over the past year and on a daily basis especially in the last few weeks.

From mid-December 2007 until present the price of Platinum has risen by $800.00 an ounce!

The weak dollar, rising oil prices, and power and electricity shortages in South Africa which mines the bulk of the world Platinum have all contributed to the price increase.

Manufactures of Platinum Jewelry have no option but to raise prices and pass on theses price increase to their retail jeweler. As a consequence your Gold and Platinum Jewelry is becoming dramatically more expensive and costly.

Precious Metals Analysts expect these price increases to continue in the foreseeable future.

Valentine’s Day, The second most important day of the year for jewelry retailers, is approaching fast, and both men and women will be shopping around to buy gifts for their loved ones.

When asked “what is your idea of the perfect Valentine’s Day gift” the reply was diamond jewelry. However, even if they haven’t received it, almost 30 percent of women stated that in the past they have bought themselves jewelry gifts for Valentine’s Day.

Discover Card’s third annual Valentine’s Day shopping survey revealed that people planning to buy gifts this year will spend an average of $76.60 on gifts, with men spending almost double that.

In this survey, 34 percent said they plan to get their loved ones jewelry. While only 22 percent said they would like to receive jewelry. The most popular gift on the list was a very special dinner; 68 percent saying they they would buy dinner for their partner, and 57 percent saying they wanted to have dinner bought for them.

Men who are planning on purchasing a Valentine’s Day gift indicated that they would intend on spending an average of $92.80 down form last year, while women said they plan to spend on average 54.20 up from last.

Single people will on average spend more than a married couple; however every girl dreams of getting an engagement ring on Valentine’s Day. Eight-five percent said they would prefer to shop for a Valentine’s Day gift in the store, while only 22 percent said they would shop online.

    This year’s review of the U.S bridal jewelry offers an amazing snapshot of sales, brand recognition, non-diamond engagement ring alternatives, and more.          

   JCK surveyed its nationwide panel of jewelry industry members, 100 percent of whom carry bridal jewelry. In October 2007 some of 430 bridal jewelry retailers answered email surveys. 

1.10 cts.: Average Center Stone Size

$3,200: Average Price of a DER

$2,633: Average Price of a DER 5 years ago

Annual Averages

$809,433: Revenue from bridal jewelry

36%: Total % sales from bridal jewelry

$5,241: Price point of DERs in 1st-time marriages

$8,425: Price point of DERs in 2nd-time marriages

50%: % sales from 1st-time engagement rings

28%: % sales from 2nd-time engagement rings

SOURCE: DIAMOND INFORMATION CENTER

American Marriages Fast Facts

54%: % of married Americans

2.2M: Number of annual weddings

19%: % of widowed, divorced, or separated

27%: % never married (age 15+)

6,000: Number of daily weddings

25.3 + 27.1: Median marrying ages of women and men