When it comes to self-expression, it’s hard to think of anything more tried and true than wearing jewelry. Carved shell beads estimated to be between 90,000 and 100,000 years old are the oldest known pieces of jewelry made by human beings, making jewelry one of the oldest types of archaeological artifacts in existence.
It’s no wonder, then, that jewelry has remained a consistently powerful and lucrative industry. Specific trends may change over time, but the desire to express yourself by wearing jewelry isn’t going anywhere.
To celebrate National Jewel Day, which falls on March 13th every year, we decided to do a deep dive into online demand for jewelry: Which types of jewelry are the most popular online? When do people do the most online shopping for jewelry? Which holidays drive the most demand? And how has the COVID-19 pandemic changed the way we shop for jewelry?
To find out the answer to these questions and more, our data science team analyzed market demand for gems, jewels, and jewelry on Amazon over the past few years.
We started by examining total market demand in all of 2021 for different types of jewelry. Here’s how demand for the top four most popular types compared to one another:
Note, these percentages do not represent the percent of overall total demand, but are simply comparing the total demand distributed among these four primary jewelry types.
Of these four primary types of jewelry, earrings were the most popular, making up 41% of the combined demand among these top four.
Rings were also quite popular, though, earning more demand than necklaces and bracelets combined.
Next we examined different types of gems and jewels.
Rose quartz was the most in-demand gemstone on this list, seeing an impressive 88% more demand than second place amethyst.
Diamonds, which you might expect to top such a list, came in third. This may be the result of weaning demand or a simple indicator that consumers are far more likely to turn to jewelry stores when shopping for diamonds.
Finally, we combined terms from both of the above charts and examined hundreds of types of jewelry. Here are the top 25 in terms of total demand in 2021:
Based on our previous charts you might assume that a type of diamond earring might be the most popular item on this chart, but pearl necklaces were far and away the most popular type of jewelry, earning far more demand than the second most popular item: rose quartz necklaces.
The next five most popular items were all rings: moonstone, opal, diamond, emerald, and turquoise.
Interestingly, while earrings are the most popular type of jewelry, earrings with jewels in them are decidedly out. The only specific type of earring on this list were pearl earrings, just barely cracking the top 25.
Next, we examined jewelry as a general term to see when demand was highest throughout the year:
We see the first bump in demand for jewelry take place around Valentine’s Day, but it’s actually Mother’s Day that brings the first real surge, with demand rising by 30% during the week of May 2nd compared to the week prior.
Demand then drops significantly for the next several weeks until Amazon Prime Day brings yet another significant spike before a more steady decrease throughout the rest of the year until the holiday shopping season brings a significant and sustained surge in demand.
Here’s a look at how the year impacted demand for different types of jewelry:
Beginning with the start of the year, necklaces got the biggest bump during Valentine’s Day, but the holiday was surprisingly mellow for the items in our analysis. As for Mother’s Day, once again necklaces got the biggest bump with a 56% increase in demand, and this time only rings didn’t receive a bump during the holiday.
Prime Day, meanwhile, had a major impact on rings, with demand surging by a stunning 240%. Now, we worked hard to ensure that this analysis was capturing demand for rings as a type of jewelry, but some of this surge may be from a combination of interest in other types of rings (like the “ring” doorbell camera and “ring lights,” etc.).
Summertime is really big for earrings, while bracelets experienced a midsummer spike of their own.
November was particularly large for rings, while the holiday shopping season seems to benefit bracelets and necklaces more than earrings.
The charts in the previous section clearly showed how demand for jewelry looked throughout last year, but we next wanted to examine the past few years to see if the pandemic has had any long term effects on demand for luxuries like jewelry.
To find out, we compared monthly demand for some of our broader terms over the past few years.
We see that demand for jewelry was up in 2020 compared to 2019, but took a huge hit during the initial outbreak of the COVID-19 pandemic. Since we’re examining Amazon demand, this is clearly a reflection of shoppers tightening their purse strings as opposed to the impact of brick and mortar jewelry stores closing up during lockdown.
Despite this, however, 2020 did see demand both rebound and remain higher than pre-pandemic levels throughout the year until December.
Last year, meanwhile, saw demand stay much steadier throughout the year, and frequently at levels even higher than 2020, with major exceptions being the first two pre-pandemic months of 2020, Mother’s Day, and October.
Interestingly, December 2019 remains the highest single month out of any in the analysis, suggesting that the pandemic may have cooled demand for jewelry when it comes to shopping for gifts during the holidays.
Let’s take this same view for different types of jewelry.
Once again, we see a big drop in demand in the first month of the pandemic, although this time one that remains far more permanent. While 2020 did see demand rise during Mother’s Day, it’s remained far behind 2019’s levels all the way until November.
2021 saw demand surge to well beyond 2019 and 2020 levels during the summer months, but by September, it fell once again to below pre-pandemic levels.
It’s a very similar view for necklaces as well, with demand dropping in March of 2020, this time rebounding to at, or slightly above, 2019’s levels.
2021, meanwhile, experienced a much stronger spring and Mother’s Day, but saw demand drop below both previous years by August. And even as demand rose again in November and December, it still fell behind.
The pandemic appears to have had a major impact on demand for bracelets. 2019 saw demand rise steadily from February to May, and peak again during the back to school shopping season.
In 2020, however, demand dropped in March and remained far behind 2019’s levels, receiving only a slight bump during Mother’s Day and no real increase during the back to school shopping season.
2021 did receive a slightly larger increase in July and December than 2020, but once again demand failed to ever match pre-pandemic levels.
Rings all experienced huge spikes in demand during the month of Prime Day in each of the previous three years, with 2019 seeing the largest such spike.
Aside from those, we once again see an immediate early-pandemic drop in demand in March 2020, where it remained consistently below the previous year. And in 2021 we also see demand by and large remaining close to 2020 levels.
Taking these views into account, it’s clear that COVID-19 had an impact on market demand for jewelry, but not universally so. Some types of jewelry recovered quickly from an initial dip, while others struggled to recover at all.
Our analysis makes it clear that major holidays like Mother’s Day and the holiday season still significantly increase demand for jewelry of all shapes, sizes, colors, and value. We also saw that even the economic anxieties and two years of social distancing brought on by the COVID-19 pandemic weren’t enough to completely erase demand for certain types of jewelry.
Understanding the factors that influence consumer behavior can help brands better understand how to forecast demand for their products on online marketplaces, and even inform product design and marketing strategy.
If you’d like to learn more about how you can best leverage our data to help your brand win online, holiday or not, get an assessment today.
Find relevant content to accelerate your ecommerce business. Stay on top of industry trends and best practices.
Peak season is almost upon us and with all signs pointing to it starting earlier than ever, with Christmas gifting searches now ramping up in August and September, it’s time to start preparing for peak. In this article, we’re sharing our top five tips for planning and preparing for peak season with Google Ads and the strategies required to get your Paid Search ready so you can drive success over this crucial period.
In 2021, gifting search terms started increasing in popularity in August. The general trend is that people are looking, researching and weighing their options early, so it’s best to start your Paid activity early to ensure that you’re capturing that early research traffic. This will help drive revenue alongside aiding those consumers who are in their research phase.
From 2020 to 2021, spend during Cyber Week actually only rose 2% but in the weeks leading up to it, it increased by 16%. However, Cyber Week is still the biggest period during the latter half of the year, accounting for 23% of all online spend by consumers over peak. Being prepared and starting early will help you to maximise your time during this period.
According to Google, 48% of global consumers have stopped buying or using a service due to privacy concerns. Privacy is front of mind when consumers are shopping online and we know that Google is phasing out 3rd party cookies in 2023. This is going to make it much harder to track users online and it’s something that brands need to think about this now – waiting isn’t an option.
From a Google Ads point of view, you want to ensure you have set up the Google Ads tag across your site and have enabled ‘Enhanced Conversions’, which ensures all conversions are tracked and allows you to monitor other actions such as ‘Add to Cart.’ This is relatively easy to set up, especially if you use ‘Google Tag Manager’.
It’s also vitally important that you build up your first-party data during this time as this is data you own and it can be used when targeting consumers that have provided your brand with their email address. Pattern’s own experience shows that by segmenting and using first-party data, you can see a 10% improvement in revenue and ROI.
A full-funnel approach is now more important than ever as consumers become more discerning and have more choices than ever of where to shop.
Pattern has seen success with Google Ads’ ‘Discovery Campaigns’ (image-based ads that appear on Google platforms such as Gmail and the Google app), which have driven success both from a traffic and revenue perspective.
The performance of these campaigns is significantly enhanced by adopting a segmented and nuanced approach to first-party data and incorporating these into your campaigns. Other options for a full-funnel approach include YouTube and testing bidding on keywords that are more representative of the research phase. (e.g. ‘best baby clothes’ for a baby clothes brand)
Earlier this year, Google announced that they were moving away from Smart Shopping and launched Performance Max. This is a new campaign type that incorporates features and placements from Smart Shopping but expands them onto other platforms such as Gmail but also alternative creative options, such as images and videos.
Since Google has already started automatically upgrading Smart Shopping campaigns to Performance Max, expect to see some fluctuations in the first 2 weeks following the switch over but results generally seem positive. We recommend upgrading sooner rather than later to limit any potential impact to peak period.
Peak period will be even more competitive than in 2021 and you’ll need your budgets to support this period, we recommend boosting budgets in October to start capturing that early peak traffic. As we enter November and the Cyber Period, start early and make sure you are capturing those consumers looking for early bargains, ensuring you are being nimble in your optimisations and reacting to the data that you are seeing.
Overall, peak period is vital to help drive your sales and by preparing early, you will see strong results and drive success for your brand. If you want to discuss how your brand can navigate this next peak period, contact us to discuss your options with our performance team now.
Entering the ecommerce landscape is a huge undertaking for any brand—it usually requires a large investment in resources and expertise to really be successful. Any brand can quickly get in over their heads trying to navigate the nuances of SEO, fulfillment and logistics, distribution control, listing optimization, and meeting the numerous other requirements and administrative tasks to show up well on marketplaces.
Unfortunately, because it’s so easy for third party, gray market, and unauthorized sellers to obtain and sell products online, many brands find themselves pressured to execute an ecommerce plan without the right resources to succeed on marketplaces and their other channels.
So, for brands looking to enter the ecommerce space or improve their current and future performance, it makes sense to partner with an ecommerce consultant.
Pattern’s global presence and proven success with hundreds of brands has allowed us to develop highly effective ecommerce consulting services. We can guide your brand to navigate issues both large and small in marketplaces worldwide. To maximize your ecommerce efforts, you’ll need to understand what an ecommerce consultant does and how to select one who drives the right value for your brand and products.
An ecommerce consultant is a specialist in the ecommerce space who can give you personalized guidance on how to market your products and grow their presence on digital marketplaces.
An ecommerce consultant should be able to analyze your brand, audience, category, opportunity, and current roadblocks and help you understand how to utilize your resources (or what resources are missing) to be most effective in capturing your opportunities in the ecommerce space.
Not sure how to evaluate a consultant? Here are 4 key attributes to look for as you make your choice.
At Pattern, we prioritize brand obsession for a reason—we know that a brand-centered mindset makes a crucial difference in the outcomes and results our partners achieve. So in our experience, when you begin your search for an ecommerce consultant, it’s important to look for a partner who is specialized in ecommerce, invested in the product, and passionate about helping brands build and improve their strategies. Typically, this means finding someone that consults exclusively for ecommerce marketplaces, rather than choosing a consultant who offers many different services.
It’s also important to avoid choosing a consulting partner who can’t deliver the right experience for your brand. The best indication of whether your potential consultant can do that is to review their history, data, and results with other brands. Ask if they’ve helped others in your selling category, if they’ve solved specific issues your brand is facing, and why they feel you are a good fit. The key is to leave the conversation feeling confident that you understand your consultants’ capabilities and whether or not they match up with your needs.
It’s best to pick a consultant who knows how to guide a brand onto and through multiple marketplaces worldwide. You’ll want to take a look at your long-term strategy and think about the regions and platforms you’re currently on and where you might want to take your brand in the future. If your consultant is truly great at what they do, they’ll be able to help you perform well enough with your current product roadmap that it’ll be a no-brainer to expand your presence at the right time.
The most effective partnership with an ecommerce consultant will be able to give you both recommendations and point you to solutions for making those changes in your planning, processes, and execution. Your time and money is valuable, so you want to make sure that you’re spending it as efficiently as possible as you follow your consultant’s advice. So, before you commit to an ecommerce consultant, ask about the resources and concrete solutions they typically recommend to the brands they work with.
Finding an ecommerce consultant that checks the boxes can be a difficult task. At Pattern, our entire focus and drive centers around giving brands the tools and resources they need to succeed on domestic and international ecommerce marketplaces.
With over 100 global ecommerce consultants across 10 global offices, we have the right tools to partner with brands across the world to achieve better ecommerce success. We give specialized advice, then make sure our partners have all the adequate SEO, social media, CRM, Amazon multi-channel fulfillment services, and ecommerce outsourcing services they need.
Interested in ecommerce consulting services? Set up a call here to learn what Pattern can do for your brand on global marketplaces.