Tenoris

The Latest data is on Tenoris, here are a few findings: June 2024 was a slow month for the jewelry market. Jewelry sales at US specialty jewelers softened 2.1%, as the number of units sold declined 3.5% year over year. Primarily, it was weak demand for natural diamonds that dragged down sales. According to Tenoris data collected from more than 2,000 US jewelry retailers, retailers’ cost of goods sold decreased 3.2% year over year, aiding them increase their overall gross margins to 50% during the first six months of 2024. Revenue from finished jewelry and diamond sales softened 0.6% in the first half of 2024. At the same time, the average retail price of sold items during the period rose 0.7%. See the full report here: https://lnkd.in/dVZgcsNB

A small 1.3% rise in sales at US jewelers in April. The increase in revenue was fully spurred by a 2.5% increase in the average consumer expenditure per unit purchased. A few of the figures: Natural diamond jewelry sales rose 1%, Prices of LGD-set DERs declined, Loose LGD was 57% of loose diamond sales, but just 25% of revenue. Here is an issue: LG prices are down, but gross margins and unit sales are up. What does it impact gross profits? Our team took a look at that and have some findings. https://lnkd.in/d2i8fHUv

Tenoris has completed a major overhaul of its operations, adding retailers to its market sample and offering new ways to understand the US jewelry market. The jewelry and diamonds trend data company doubled the number of retailers in its jewelry retailer panel. Tenoris also introduced new ways to analyze the data and updated existing ones. This makes the data more closely aligned with the US specialty jewelry market and easier to research. Get in touch with Edahn Golan or Chris Casey to learn more. #analytics #jewelry #diamonds #retail   https://lnkd.in/d6WWWY86

Here's our take on November jewelry sales. Overall US fine jewelry and diamond retail sales rose in November, dispelling some of the worries that US consumers lost interest in jewelry this year. However, they were not enough to turn the tide completely. Year to date, sales are lagging behind 2022 and it is yet to be seen if demand in December will close the gap. Year over year, sales rose 0.9% in November. Year to date, sales are down 7.3%. Considering the modest rise in November, the year over year decline may shrink. https://lnkd.in/dhHJ-ENj