Watch: What to expect in 2023

National Jeweler

From inflation to lab-grown diamonds, jewelry industry experts Paul Zimnisky and Sherry Smith share their predictions for the year ahead.

The jewelry industry has enjoyed strong sales in recent years, despite the COVID-19 pandemic. Whether that momentum will continue into this year is the question on many jewelers’ minds.

With prices rising and geopolitical tensions growing, there is a level of uncertainty in the retail world.

In our latest episode of My Next Question, Associate Editor Lenore Fedow and her co-host David Bonaparte, president and CEO of Jewelers of America, talked with industry experts Paul Zimnisky of Paul Zimnisky Diamond Analytics and Sherry Smith of the Edge Retail Academy about the year ahead.

The panel discussed a variety of issues impacting the jewelry industry, from inflation and a possible recession to the lab-grown diamond market and the importance of customer retention.

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Source National Jeweler