Program aims to educate young consumers about mined stones’ positive qualities.
Apparel and restaurants performed well, Mastercard reports.
Mastercard also reports a strong overall performance for the category.
Revenue from category will fall 0.3%, Mastercard predicts.
Inflation and tough labor market resulted in 1% decline in March, according to US Census Bureau.
Consumers sought discounts in February amid inflation, according to Mastercard.
Category up 6.5% following nine months of stagnant growth, according to Mastercard SpendingPulse.
Category down 3.9% year on year, according to Mastercard SpendingPulse.
US jewelry sales rose in July, driven by strong demand and consumers’ desire to spend on products that made them happy, according to Mastercard SpendingPulse.