CEO Dan Mano explains why RapNet became Rapaport Trade – and how the Price List will become truly transparent.
Category: Retail
Both plain gold and diamond- and gem-set products perform well.
Consumers likely to pay average of $890 per person, down from last year’s $902.
Division down 2% in third quarter.
Early festive season and improved diamond demand also drove increase.
Total spending to rise 5.3% year on year, according to Adobe.
Revenue from jewelry, watches, clocks and valuable gifts up 16% year on year.
Higher tariffs may have consumers steering away from luxury items and purchasing gift cards, which operate on a fixed budget, according to Mastercard.
Reed Krakoff will also continue his role as creative chairman of John Hardy.
Back-to-school shopping also drove August increase.
Small- and medium-sized retailers are showing steady memo demand for natural goods ahead of the holidays.