International News
US NRF forecasts total holiday sales to cross $1 trillion; Clothing , jewellery are second most-wished-for gifts
The US National Retail Federation (NRF) forecasts strong consumer spending on gifts, including jewellery, for the 2025 Christmas season, projecting overall holiday retail sales growth of 3.7% to 4.2%. While the NRF doesn’t provide a specific forecast for jewellery, it notes that clothing and accessories (including jewellery) are highly desired gifts, and younger shoppers are particularly likely to purchase jewellery, often finding inspiration on social media platforms like TikTok and Instagram.
Key NRF holiday forecast details
- Overall sales: NRF forecasts total holiday sales to grow between 3.7% and 4.2% over last year, reaching over $1 trillion for the first time.
- Consumer spending: The forecast is driven by strong underlying consumer fundamentals, with shoppers prioritizing spending on gifts for loved ones.
- Shopping habits: Shoppers are starting early to manage budgets, avoid crowds, and take advantage of promotions. Online shopping remains the top method, followed by grocery stores and department stores.
Jewellery-specific insights
- High-demand gift: Clothing and accessories (including jewelry) are the second most-wished-for gifts, after gift cards.
- Younger shoppers: Consumers aged 18-24 are especially likely to purchase jewellery, and they find gift ideas on social media platforms like TikTok and Instagram.
GJEPC is led the gem and jewellery sector’s presence during Hon’ble President of India Smt Droupadi Murmu’s state visit to Botswana from 11 to 14 November.As part of Indian delegation, led by South Gujarat Chamber of Commerce & Industry (SGCCI), Jayanti Savaliya, Regional Chairman – Gujarat, GJEPC, is headed a team representing the diamond sector that includes Hitesh Shah of Venus Jewel, Darshak Narola of Shree Ramkrishna Exports, and Brijesh Dholakia of Hari Krishna Exports. The broader Indian delegation is led by Nikhil Madrasi, President, SGCCI, which was invited by the Botswana government to accompany President Murmu.
Savaliya, along with the rest of the Indian delegation, received a special invitation to the state dinner from H.E. Advocate Duma Gideon Boko, the President of Botswana, and presented him with a handcrafted memento showcasing a blend of traditional Indian crafts. The centrepiece was created in the GI-tagged Sadeli marquetry style, known for its precise geometric wood-inlay work. It was paired with artisanal detailing drawn from India’s broader gem and jewellery heritage, including fine metalwork and miniature decorative techniques. President Boko appreciated the craftsmanship and the cultural narrative conveyed through the piece.
US designates silver as “critical mineral”, adds new layer of appeal to the white metal
D.P. Jewellers Launches Weddings of India in Ratlam and Neemuch, celebrating the Grandeur of Indian Bridal Jewellery
Napoleon’s diamond brooch sells for $4.4m at Sotheby’s Geneva
VBJ SINCE 1900 Fiesting Over 2000 Unique Jhumka Designs
Indriya unveils Rajashree, the Bridal Collection of Maharashtra
Reva by P. N. Gadgil & Sons Debuts ‘The Bridal Collection’: Merging Timeless Heritage with Contemporary Diamond Splendor.
-
BrandBuzz4 days agoVBJ SINCE 1900 Fiesting Over 2000 Unique Jhumka Designs
-
National News2 days agoIndriya unveils Rajashree, the Bridal Collection of Maharashtra
-
BrandBuzz1 day agoReva by P. N. Gadgil & Sons Debuts ‘The Bridal Collection’: Merging Timeless Heritage with Contemporary Diamond Splendor.
-
International News11 hours agoPrecious metals remain elevated on hopes that US data will boost FED rate cut bets AUGMONT BULLION REPORT
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.