What Is Driving the Upswing in Jewelry Spending?

What Is Driving the Upswing in Jewelry Spending?

Assessment

Interactive Video

Business, Life Skills

University

Hard

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Quizizz Content

FREE Resource

The video discusses the consistent growth in jewelry sales over 21 months, highlighting data from MasterCard and Ibisworld. It explores consumer spending trends, noting that jewelry is often purchased when vacations or homes are unaffordable. The average transaction value has increased, reflecting economic confidence. The discussion also covers the impact of economic factors like energy prices on disposable income. The video concludes with insights into the jewelry market, noting the presence of over 60,000 businesses and the roles of major players like Tiffany and Signet.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one reason for the consistent growth in jewelry sales over the past 21 months?

Jewelry is seen as a permanent investment.

Jewelry is a temporary trend.

Jewelry is cheaper than vacations.

Jewelry is only popular during holidays.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has the average transaction value for jewelry changed according to the data?

It has remained the same.

It has doubled from a year ago.

It has decreased by half.

It has increased by 10%.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What economic factor is mentioned as contributing to increased disposable income for consumers?

Increasing tax rates

Decreasing energy prices

Rising housing prices

Stable gold prices

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which company is mentioned as being smaller than Signet in the jewelry market?

Kay Jewelers

Jared

Ibisworld

Tiffany

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential opportunity mentioned for the jewelry market?

Increasing holiday discounts

Opening more online stores

Mergers between jewelry companies

Expanding into new countries