Tuesday, January 8, 2008

Jewelry Purchases Increasing in U.S

A market research carried out from Research and Makets Co.Ltd indicated that, half of all American purchased jewelry or watches in 2007. The spending for jewelry range from $57.4 billion, which is 7.2 percent higher than 2004.

The study, "jewelry Report 2007 Update: The Who, What, Where, How Much and Why of Jewelry Shopping," finds out that women in their age of 20s to 50s with better and higher income represent the main contribution for the jewelry market.

The Study examines trends in both costume jewelry and fine jewelry for both sexes. In the fine jewelry segment, it includes information about the different types of metals and gemstones used in the jewelry.

Data about the different types of jewelry available in the market is also produced byu the research.There is also a part where it shows the motivating factors for male and female jewelry pachasers. Male purchase jewelry mainly due to his love ones, while female usually purchase jewelry due to her asthestic purpose. The study also examines where do these consumers choose to purchase their aesthetic. And surprisingly, internet sales make up a big pie of it.

For more information of good quality design of silver and jewelry, please visit www.silverurban.com

Looking back to Tiffany's Profits Drop in 2004

A quick flash back for year 2004. Dow Jones reported that Tiffany & Co. almost have an 100% percent increase in net income for that year due to the popular product, Aber Diamond Corp. However, the shares and profit margins continued to reduce.

Tiffany & Co products are getting more popular in developing countries where spending power is strong.However, what causes a rebound of net profit? After looking through the profit and lost statement for Tiffany & Co, a high inventory cost in the precious metal and diamonds accounted for the shrinking profit margins. In additional, other factors affecting gross margins included a drop in sales due to a higher selling price, and lower margin in diamond jewelry section. The weak sales in Japan's Tiffany & Co also further reduces the profit. To add on, the import tariffs on Tiffany & Co products maunfactured in United States are high, and thus causes lower profit in Tiffany & Co.

Among all the category of products, Tiffany & Co's pearls was the only one category that showed growth and increasing profits. Eventhough, there seem to be a slow projected profit in Tiffany & Co, their silver products are still as popular ever it got started in year 1837. For more information of good Tiffany & Co products, do visit www.silverurban.com