8/30/2023 0 Comments Benchmark jewelry logo![]() But this came a long time after Great Britain’s 14th-century decree for hallmarking, which required a date letter stamp – a letter that would link to the year in which it was registered. In 1906, the United States mandated that jewelers add a purity mark on their wares in the National Gold and Silver Stamping Act. Markings are typically found on items made of silver, gold, platinum, and though small in size, they have quite a serious impact on an item’s worth. Throughout history, these marks were etched into noble metals to certify their legitimacy, leaving little-to-no question as to where each piece had come from. To back the authenticity of their pieces, jewelers will inscribe their wares with a distinguishing mark. But first thing’s first: knowing what’s what. To make that educated purchase, here is everything you need to know. ![]() ![]() Whether you’re choosing a staple piece, an intentional family heirloom, or you’ve simply found a favorite at an estate sale (lucky you!), there’s a great deal of information that lives behind each piece of jewelry. Knowing what exactly to look for will help in deciphering a piece’s value, helping you make an educated purchase and ultimately feel confident in what you’re wearing or gifting. And when making a new purchase – especially a large one – proof of authenticity is abundantly important.įine jewelry lives in a world all its own, and wading through the expanse of real authenticity can be tricky. The modern world may not always outwardly show the true disparity between culture and class, but jewelry still stands as a highly prominent countenance of outward distinction. If we consider its interpretations in, say, the reign of Cleopatra, it was both a staple of her exotic style as much as it was a reflection of her eminence. Throughout history, jewelry has been an early identifier of a person’s social status. Ornamentation is nothing if not a reflection of one’s personal style, a marking of both taste and creativity. It’s this process of authentication that endorses quality jewelry for what it is: a highly refined work of art. was acquired by the luxury powerhouse, LVMH.Distinguished jewelry requires the proper distinguishing marks. Tiffany & Co., with its iconic New York flagship store, is arguably the biggest name in the world of jewelry. Signet Jewelers, whose brands include Kay and Zales, was one of the market leaders among retailers of jewelry in the United States, with worldwide retail sales of over 7.8 billion U.S. During this month, retail sales are often double those of any other month of the year. dollars in each of the last five years with sales tending to peak in December. Jewelry store sales have been upwards of thirty billion U.S. As of 2021, there were a total of around 19,100 jewelry stores in operation in the United States. Jewelry stores are a feature of high streets and malls throughout the United States. This was driven by an average annual consumer spend on jewelry of more than 136 U.S. jewelry market was valued at about 70 billion U.S. The United States ranked sixth in the list, exporting jewelry worth over seven billion dollars in 2021. ![]() In the previous year, China and Switzerland were the leading exporters of jewelry worldwide. In 2022, the global jewelry market amounted to about 270 billion U.S.
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