If you’ve ever been into the gold rush, you may have noticed that the jewelry craze is a bit more of a phenomenon in some countries.
However, the trend is spreading globally.
According to a recent study by the Pew Research Center, the U.S. now leads the world in earring purchases and spending, with an estimated 4.3 million gold ear ring purchases per day.
This number is expected to rise to 5.2 million earrings per day by 2021, according to the report.
While the earrings market has been booming for a while now, the average American household spends an average of $1,400 on gold ear rings a year, according a report from The National Retail Federation.
Gold earrings can be purchased for about $40 each, making them relatively inexpensive compared to other precious metals.
For those who are more into the platinum category, the jewelry world is also taking off.
According to the jewelry retailer Noodles & Lettres, platinum earrings have become a big hit in the U of A’s jewelry world, with nearly 500,000 gold earlrings sold in Canada last year.
As the jewelry industry continues to boom, gold earwear has also become a trend for men.
According the company, the number of men purchasing gold earpieces tripled last year, rising from 9.7 million earlings in 2015 to 14.4 million earls in 2020.
“There are so many gold ear earrings out there and so many different shapes and colors that the gold ear is a very interesting and unique piece of jewelry,” said Noodle &.
Noodles, which specializes in earrings for men, also notes that the average gold ear has a weight of about 1.5 grams, making it ideal for a purse.
The firm also points out that gold earls can be very durable, with gold pieces averaging about five years in the wild.
For more information on the gold market and gold ear, check out the links below.