Program aims to educate young consumers about mined stones’ positive qualities.
Lower inflation and stronger job market spurred November increase, National Retail Federation explains.
Mastercard also reports a strong overall performance for the category.
Revenue slipped 0.1% month on month in October, according to US Census Bureau.
Average outlay on gifts will be 5% above last year, NRF projects.
Revenue for November and December will rise 4.8% to $221.8 billion, predicts Adobe.
US retail sales will rise by 4% to 5%, predicts professional-services group.
Engagements declined during first half of the year.
Is inflation hitting the industry, or is the market experiencing a correction following a blockbuster 2021?