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Valentine’s Day jewelry spending  in US to hit new high – NRF

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US shoppers will buy $6.5 billion worth of jewelry for Valentine’s Day, setting a new record for the segment, according to the National Retail Federation (NRF). That will make it the biggest category for consumer spending by value, ahead of an evening out, flowers, candy and greeting cards, the NRF said Thursday. That figure is 2% higher than the $6.4 million consumers were set to spend on jewelry for the holiday a year ago.

More than a third of consumers plan to shop online for gifts leading up to Valentine’s Day, the top destination, according to new data from the National Retail Federation and Prosper Insights & Analytics.The survey asked 8,020 adult consumers in the first week of January about their Valentine’s Day shopping plans, the authors said. They found that consumers plan to spend an average of $188.81 on the holiday. That’s up slightly from $185.81 in 2024, the NRF noted.

Overall outlay on gifts for loved ones will come to $27.5 billion, the NRF forecast — up 7% from the $25.8 billion estimate it released before Valentine’s Day last year, and the highest figure since the NRF and Prosper Insights & Analytics began conducting their annual survey in 2004. The last record for spending was in 2020.

More than half of US consumers said they would celebrate the holiday in 2025, the NRF noted. Of those looking to spend, the average consumer will lay out $189, up 2% from last year and on par with 2020’s pre-pandemic level. The rise is the result of increased spending on significant others, which will reach a record $14.6 billion, up 3% year on year. Total outlay on gifts for family members is set to grow 7% to $4.3 billion. 

Popular choices for gift givers included candy, which 56% of respondents chose, while flowers and greeting cards each attracted a 40% share. More than a third said they would spend on an evening out, while some 22% opted for jewelry as their number-one purchase for a loved one. The survey found that 38% of all shoppers were set to make their purchases online, while 34% aimed to buy from department stores, 29% from discount shops, and 18% at both florists and specialty shops.

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DiamondBuzz

De Beers Group Launches “Heera Hai Aapke Liye” Program at IIJS Bharat Signature to Revolutionize Natural Diamond Accessibility in India

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De Beers Group, the world’s leading diamond company, marked a significant milestone in the Indian jewellery landscape with the official launch of the “Heera Hai Aapke Liye” program at IIJS Signature. The star-studded event featured actress Sonakshi Sinha, who joined Shweta Harit, Global Senior Vice President of De Beers Group and CEO of Forevermark, to unveil an initiative dedicated to making natural diamonds an integral part of daily life for the modern Indian consumer.

The “Heera Hai Aapke Liye” (Diamonds are for You) program is strategically designed to promote natural diamonds by raising awareness, boosting market visibility,and creating a seamless connection between retailers and consumers. With a focus on modern designs and attractive price points, the program also lets local retailers use De Beers Group campaigns as their own—second-piercing earrings, ‘Bestie’ bracelets, and ‘Intention’ pendants. It positions diamonds as a lifestyle choice for self-expression and daily wear.

Speaking at the launch, Shweta Harit, Global Senior Vice President of De Beers Group and CEO of Forevermark, detailed the evolution of the brand’s storytelling, stating, “De Beers Group has a rich legacy of creating iconic ritual campaigns that have shaped how the world perceives diamonds. With ‘Heera Hai Aapke Liye,’ program we are evolving that narrative for the Indian market to another level.

We are not just selling jewellery, we are making natural diamonds more accessible and desirable in India. Our goal is to empower retailers through INDRA (Indian Natural Diamond Retailer Alliance)  to ensure that every ‘First Diamond’ journey is as credible as it is beautiful.”

Kirit bhansali

Speaking on the occasion, Kirit Bhansali, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), said, “IIJS has always been a powerful platform for shaping the future of India’s gem and jewellery industry, and the launch of ‘Heera Hai Aapke Liye’ at IIJS Signature reinforces that role. GJEPC is proud to partner with De Beers Group on the INDRA (Indian Natural Diamond Retailer Alliance) project, which is a critical step towards strengthening domestic demand for natural diamonds.

By empowering retailers, enhancing consumer confidence, and expanding access across metros and Tier 2 markets, this initiative aligns perfectly with our vision to grow the natural diamond category sustainably within India.”

The program ‘Heera Hai Aapke Liye’, rests on few strategic pillars aimed at industry growth and scalability:

  • Stocking & New Consumer Opportunity: Identifying gold wholesalers and distributors across 15–20 cities to focus on a first-phase target of 500 retailers.
  • Retailer Advantage: Providing a “Design Advantage” and strict “Product Hygiene,” backed by a clear buy-back policy and robust training and marketing support via the INDRA alliance.
  • Heera Hai Aapke Liye is robust entry-level product kit featuring earrings, bangles, bracelets, etc supported by exclusive visual merchandising (VM) for display.
  • Growth and Scalability: A PAN-India reach strategy designed to unlock new business opportunities for both manufacturers and retailers.

As India continues to grow as the world’s second-largest market for retail diamond jewellery, De Beers Group remains committed to strengthening the natural diamond narrative. By combining the emotional appeal of natural diamonds with the practical “Heera Hai Aapke Liye” framework, De Beers aims to build a sustainable future for the category across both metros and Tier 2 cities. De Beers and GJEPC aim to expand the base of Natural Diamond buyers, increase self-purchase consideration, and establish long-term credibility for the category.

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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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