International News
American Gem Society relaunches Find a Jeweler Week, December 1–5
Just in time for the holiday season, the American Gem Society (AGS) is bringing back Find a Jeweler Week, running December 1–5. First launched in 2021, this annual campaign is held during the first week of December to help educate consumers on the importance of shopping with a credentialed AGS jeweler.
In addition to spotlighting trusted AGS retailers, the campaign will also feature mini gift guides throughout December, showcasing jewelry from AGS members to help shoppers find meaningful, high-quality gifts for their loved ones.
Katherine Bodoh, CEO of the American Gem Society, shared why this annual initiative is so important to the organization and to consumers. “Our goal with Find a Jeweler Week is simple: to help drive consumers into AGS retailers’ stores this holiday season. When shoppers work with a knowledgeable and trusted AGS jeweler, they can feel confident in their gift purchases. This campaign gives consumers an easy way to discover jewelers who prioritize education, ethical practices, and exceptional service.”
International News
US Jewellery Companies Continued To Shrink In The Third Quarter:JBT
During Q3, Business Closures Dropped To 116 Compared To 126 In The Prior Year’s Third Quarter, Driven By 88 General Operational Cessations, 28 Acquisitions Or Mergers, and Zero Bankruptcies.
The number of active US jewelry companies continued to shrink in the third quarter, but at a slower pace than a year ago, according to the latest data from the Jewelers Board of Trade (JBT).The US jewelry industry continued its structural consolidation through Q3, though the pace of business closures showed signs of stabilizing compared to the previous year. Data from the Jewelers Board of Trade (JBT) reflects ongoing consolidation across retail, wholesale, and manufacturing, coupled with heightened credit volatility.
Key Data & Metrics
Nationwide, the active business footprint stands at 21,831 companies, reflecting a 1.4% year-over-year decline. During Q3, business closures dropped to 116 compared to 126 in the prior year’s third quarter, driven by 88 general operational cessations, 28 acquisitions or mergers, and zero bankruptcies. Meanwhile, new market entrants also slowed, with 67 new business openings recorded in Q3 down from 89 during the same period last year.
Sector-by-Sector Breakdown
| Sector | Active Count | YoY Change | Impact Summary |
| Retailers | 16,564 | -1.5% | Makes up the majority of the sector; experienced the largest net store count reduction. |
| Manufacturers | 2,061 | -1.7% | Steepest percentage decline among all segments. |
| Wholesalers | 3,206 | -0.9% | Relatively stable, holding the mildest contraction rate. |
Credit & Financial Health Trends
The JBT report highlights dynamic shifts in creditworthiness across US and Canadian businesses, signaling bifurcated financial health:
- Credit Downgrades: Jumped sharply to 1,655 (up from 620 in Q3 of the prior year).
- Credit Upgrades: Rose significantly to 1,480 (up from 551 in Q3 of the prior year).
While net business closures are tapering off, high numbers of simultaneous upgrades and downgrades point to a split market where resilient operators are strengthening their positions while vulnerable businesses face tighter financial pressures.
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