cosmeticssettlement-com

© cphoffman42

Wealthy Americans are expected to substantially increase spending on luxury goods, especially in jewelry stores, this year, a survey shows. When asked about the amount spent in jewelry stores in the past year, a third of survey-takers said they did not buy any, while 17 percent said they spent less than $100. 9 percent of those surveyed gave their jewelry stores price range as $1,500 to $2,999.

The No. 1 reason affluent Americans gave for patronizing jewelry stores in the past two years was an anniversary, followed by self-purchase, Christmas/Hanukkah, a birthday or as a special gift while on vacation. The greatest percentage of survey-takers said that their purchases took place at local watch or jewelry stores that sell multiple brands, or branded jewelry stores such as Cartier or Tiffany & Co.

© Lars Plougmann

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© NATALIA PHOTOS

Jewelers agree that consumers are feeling upbeat this year around and spending more on jewelry. Sales on Mother's Day just proved it.

Owner of Warren Jewelers in Lancaster (Pa.), Mike Warren says, Mother's Day sales have been fabulous this year compared to the last. Pandora's low price points made it the number one choice for several consumers and the store was immensely competitive with that of other jewelers. It seemed more like a Pandora holiday, says Amanda Beane, assistant for Calvin Broyles Jewelers in Hurricane (W.Va.). She raves that overall sales were 'fantastic.'

Sales of diamond jewelry have also been up this time around. Susan Eisen, owner of Susan Eisen Fine Jewelers in El Paso (Tex.) reports that sales have run the gamut this year.

Maybe this is because people have not been spending for the last few years due to the recession, so this time they are spending a little more.