The US has been historically leading in creating and adapting new technologies – the jewelry retail sector is not much different in this aspect. In the early 2000s, when the first jewelry point-of-sale (POS) systems were launched, technically-minded jewelry retail stores started to use these computerized POS systems instead of paper sheets to track their sales and inventory.

The IT segment has kept an eye on the growing demand for jewelry specific POS systems and today there is a fierce competition: retailers can choose from a dozens of systems.

But not all of them are scalable enough to keep up with the recent changes in the retail sector. In this article I would like to highlight some trends that I envision for the next few years. Whether you agree or not, share your thoughts with us in the comment section – I look forward to reading them and starting a conversation.

Changes and new challenges in the jewelry industry

We just came back from the JCK show in Las Vegas. It was interesting to hear the opinions of other exhibitors regarding the future of this and other similar jewelry shows: many of them mentioned that the number of visitors is less and less each year. It is not surprising that several exhibitors started to question their presence on these shows.

What’s happening with the jewelry industry? – we asked each other.

One of the potential answers is the virtual space. Yes, the online space has an increasing influence on the jewelry industry.