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Advertising In Las Vegas: Time For Local Jewelry Stores To Shine

Jun 13, 2020 10:08:41 AM / by Larry Julius

Despite the pandemic, Las Vegas area consumers are expected to spend $112 million on fine jewelry this year. Based on projections from IBISWorld, here's what will be purchased:

  • $47 million worth of diamonds
  • $16 million worth of watches
  • $11 million worth of gold
  • $13 million worth of pearls and gemstones
  • $23 million in other goods and services

Clark County business owners will now have an easier time capturing a bigger share of jewelry expenditures as a monster competitive force disappears.

This week, Signet, the largest jewelry retailer in the country, announced that by December, it would be closing over 380 stores.  Signet's brands familiar to Nevada consumers include Kay, Jared, Zales, and Piercing Pagoda.

To successfully compete for the void created by fewer Signet stores, local retailers will need to advertise, especially between now and the end of the year. This is when 63% of all fine-jewelry sales traditionally occur.

By any metric, the best way to reach local jewelry buyers is by advertising on Las Vegas radio.

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Topics return on investment, roi, small business owner, radio advertising, bridal marketing, wedding marketing, retail, best way to advertise, consumer spending, small business, retail sales, retail stores, retailer, advertise on radio, jewelry store

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