Skip to primary navigationSkip to main contentSkip to footer
Lester Martin logo
  • Engagement
    • Shop Complete Rings
    • Find Your Diamond
    • Start With the Ring Setting
    • Diamond Education
  • Collections
    • 302
    • Alisa
    • Ashi
    • Dugout Mugs
    • Barbela Design
    • Bassali
    • Chisel
    • Citizen
    • Cosi Bella Coins
    • Dilamani
    • Elysium
    • Ever & Ever
    • Fingerprint Jewelry
    • Hidalgo
    • La Vie
    • Lafonn
    • Leslie's
    • Lester Martin Collection
    • Meira T.
    • Lightning Ridge Opal
    • Mova Globes
    • Reflection Beads
    • Religious Collection
    • Rembrandt Charms
    • Roger Dery Gem Design
    • Romance Diamond
    • Royal Chain
    • Shardz
    • Stuller
  • Jewelry
    • LMJ Deals and Steals
    • Engagement
        Complete Diamond Engagement RingsSemi-mount Diamond Engagement RingsAnniversary Bands
    • Wedding Bands
        Diamond Wedding BandsGemstone Wedding BandsGold Wedding BandsAlternative Metal Rings
    • Pendants
        Diamond PendantsGemstone PendantsGold PendantsSilver PendantsReligious Pendants
    • Charms and Charm Bracelets
        CharmsCharm Bracelets
    • Earrings
        Diamond EarringsGemstone EarringsPearl EarringsGold EarringsSilver EarringsPiercing Earrings
    • Necklaces
        Diamond NecklacesGemstone NecklacesPearl NecklacesGold NecklacesSilver NecklacesFamily NecklacesReligious Necklaces
    • Chains
    • Rings
        Diamond Fashion RingsGemstone Fashion RingsPearl RingsGold Fashion RingsSilver Fashion RingsFamily Rings
    • Bracelets
        Diamond BraceletsGemstone BraceletsPearl BraceletsGold BraceletsSilver BraceletsAnkletsFamily BraceletsReligious BraceletsBangle BraceletsChain Bracelets
    • Estate Jewelry
    • Giftware
        CrystalGold Dipped Roses
    • Men's Section
        Men's NecklacesMen's ShavingMen's BraceletsMen's AccessoriesClasps
    • Watches
        Women's WatchesMen's WatchesUnisex WatchesWatch Bands
    • Accessories
        Cleaning SuppliesWomen's Accessories
    • Eternity Bands
  • Education
    • Jewelry Education
    • Diamond Education
      • The Four Cs of Diamonds
      • Diamond Buying Tips
    • Choosing The Right Setting
    • Learn About Gemstones
      • Birthstone Guide
      • Gemstone Guide
    • Precious Metals
    • Jewelry Care
      • Caring for Fine Jewelry
      • Diamond Cleaning
      • Gemstone Cleaning
    • Anniversary Guide
    • Gold Buying Guide
  • About
    • About Us
    • Events
    • Our Blog
    • Diamonds Do Good
    • Services
    • Testimonials
    • Jewelry Insurance
  • Contact
  • AccountToggle My Account Menu
    Forgot Password?

    Don't have an account? Sign up now

  • SearchToggle Search Menu
  • Wish ListToggle My Wishlist

    You have no items in your wish list.

    Browse
  • Bag (0)Toggle Shopping Cart Menu
  1. Home
  2. Blog
  3. Mastercard Holiday Report Singles Out 'Jewelry' as Top-Performing Gift Category

Mastercard Holiday Report Singles Out 'Jewelry' as Top-Performing Gift Category

Published: Dec 29, 2024
Mastercard Holiday Report Singles Out 'Jewelry' as Top-Performing Gift Category
Author: 
LMJ Blog Team

In its preliminary holiday season report, Mastercard SpendingPulse singled out “jewelry” as the top-performing gift-giving category.

Overall retail sales during the period from November 1 through December 24 saw a 3.8% increase compared to 2023, with the last five days of the holiday season accounting for 10% of all holiday spending. The actual 3.8% growth blew by Mastercard's early-season forecast of 3.2%, as well as last year's growth rate of 3.1%.

Jewelry sales during the holiday season surged 4.0% compared to 2023, while electronics saw an increase of 3.7% and apparel grew 3.6%.

According to the credit card company, empowered consumers sought value at every turn this year, responding to promotions during the November and Black Friday shopping period, and filling their baskets in the run-up to December 24.

"This holiday season, we saw consumers motivated by deals, and retailers responded with promotions to meet the demand,” said Steve Sadove, senior advisor for Mastercard and former CEO and chairman of Saks Incorporated. “The value-minded consumer showed up to shop at brick-and-mortar stores and e-commerce platforms, with retailers managing across both to capture attention throughout the season."

Mastercard also reported that consumer demand for experiences, such as dining out, strengthened during the holiday season, with restaurant spending up 6.3% compared to last year.

“Solid spending during this holiday season underscores the strength we observed from the consumer all year, supported by the healthy labor market and household wealth gains," noted Michelle Meyer, chief economist, Mastercard Economics Institute.

Another key takeaway from the Mastercard report is that consumers are increasingly embracing digital-first shopping, with e-commerce, curbside pick-up and delivery being top-of-mind during this year's festive season. Online retail sales grew 6.7% year-over-year, whereas in-store sales increased 2.9%.

Mastercard SpendingPulse™ reports on US retail sales across all payment types. It measures both in-store and online retail sales and is not adjusted for inflation. The findings are based on aggregate sales activity in the Mastercard payments network.

Credits: Photo by BigStockPhoto.com; Graphic courtesy of Business Wire.

Categories
  • Previous Article
  • Next Article
Lester Martin Address
Lester Martin Jewelers
1650 Limekiln Pike B27
Dreshertown Plaza
Dresher, PA 19025
(267) 470-4771
ValentinesW
OPEN FEB 10 & 11 * 11am-5pm *
Store Information
Store Hours

Tuesday - By Appointment Only

Mon - Tues:Closed
Wed - Fri:10:00am - 5:00pm
Saturday:10:00am - 3:00pm
Sunday:Closed
Jewelry
  • LMJ Deals and Steals
  • Engagement
  • Wedding Bands
  • Pendants
  • Charms and Charm Bracelets
  • Earrings
  • Necklaces
  • Chains
  • Rings
  • Bracelets
  • Estate Jewelry
  • Giftware
  • Men's Section
  • Watches
  • Accessories
  • Eternity Bands
Collections
  • 302
  • Alisa
  • Stocking Stuffers. Most Items Below $75
  • Ashi
  • Dugout Mugs
  • Barbela Design
  • Bassali
  • Chisel
  • Citizen
  • Cosi Bella Coins
  • Dilamani
  • Elysium
  • Ever & Ever
  • Fingerprint Jewelry
  • Hidalgo
  • La Vie
  • Lafonn
  • Leslie's
  • Lester Martin Collection
  • Meira T.
  • Lightning Ridge Opal
  • Men's Shaving
  • Mova Globes
  • Reflection Beads
  • Religious Collection
  • Rembrandt Charms
  • Roger Dery Gem Design
  • Romance Diamond
  • Royal Chain
  • Shardz
  • Stuller
  • Valentine's Day Gifts
Our Store
  • About Us
  • Events
  • Services
  • Privacy Policy
  • Return Policy
Mailing List

Sign up for special offers and discounts

© 2025 Lester Martin. All Rights Reserved. Website designed, maintained, and hosted by Punchmark. Accessibility Statement.

Learn how we use cookies in our Privacy Policy or manage cookie preferences.