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US jewellery consumption could  reach record high on Valentine’s Day:NRF

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Valentine’s Day consumer spending demonstrates sustained growth momentum, with total projected expenditures of $29.1 billion in 2026 compared to $27.5 billion in 2025. This represents the highest spending level recorded since the NRF and Prosper Insights & Analytics initiated their annual Valentine’s Day consumer survey two decades ago. More than half of US consumers indicated plans to participate in Valentine’s Day celebrations, with the average shopper expected to spend approximately $200 per person, a 6% increase from the prior year and exceeding the previous peak of $196 established in 2020.

  • Market Leadership: Jewellery tops revenue despite 25% purchase intent (vs. higher for candy/flowers); average spender plans ~$200/person (up 6% from $196 peak in 2020), with >50% of US consumers celebrating.
  • Recipient Shifts: Romantic partners drive $14.5B (down 0.7%); family gifts rise 4.7% to $4.5B; friends (1/3 of buyers), kids’ teachers/classmates (27%), colleagues (21%) stable; pet gifting surges 24% to $2.1B record.
  • Demographic Drivers: Middle/upper-income groups expand gifting to broader networks, boosting spend per gift and recipient count amid stable participation.
  • Category Breakdown: Candy (56%), flowers/cards (41% each), dining (33%), jewellery (25%)—but jewellery’s premium pricing secures #1 revenue spot.
  • Channel Mix: Online leads at 38%, followed by department stores (34%), discount (30%), specialty (21%), favoring omnichannel strategies.
  • Strategic Opportunities: Jewellery retailers should target non-romantic lines (e.g., friendship/family pieces), optimize inventory/marketing, enhance e-commerce, and leverage 8% category growth outpacing overall market.

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International News

Hard Pure Gold to redefine China gold jewellery sector

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Record-high gold prices and continued geopolitical uncertainty have strengthened gold’s appeal as a safe-haven asset. However, these same factors also create challenges for the jewellery industry, as rising prices increase the cost of entry for consumers. In response, the industry is exploring product innovation to sustain demand. In Greater China, Hard Pure Gold is emerging as a strategic initiative designed to balance high purity, design flexibility, and affordability.

Promoted by the World Gold Council, Hard Pure Gold combines traditional purity levels—typically above 99%—with advanced manufacturing technologies such as electroforming and lost-wax casting. These processes increase the hardness of pure gold, allowing jewellers to create more intricate designs, improve durability, and support gemstone settings. At the same time, hollow-forming techniques enable lighter pieces that maintain visual impact while reducing overall weight and price.

The category also benefits from the introduction of an industry-wide standard in 2025, which clarified production guidelines and unified marketing terminology across manufacturers. Standardisation has helped build consumer trust and strengthened the positioning of Hard Pure Gold as a distinct product segment.

A key driver of its growth is changing consumer demographics. Traditionally, pure gold jewellery in China appealed primarily to middle-aged buyers who valued gold for wealth preservation. Hard Pure Gold, however, is attracting younger consumers aged 20–35 by offering contemporary designs, lighter weight, and lower entry prices without sacrificing purity. Surveys conducted by the World Gold Council indicate that it is currently the fastest-growing category within the gold jewellery segment in Greater China.

In a high-price environment, the ability to produce jewellery that looks substantial yet weighs as little as 1.5 grams helps make gold more accessible to new buyers. At the same time, increasing trade-in activity—where consumers exchange older jewellery for newer designs—encourages repeat purchases and keeps demand active.

From a strategic perspective, Hard Pure Gold demonstrates how technological innovation and coordinated industry standards can reshape consumer perception. By merging investment-grade purity with modern design and affordability, it offers a compelling pathway for sustaining gold jewellery demand in Greater China

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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