Half of US Hispanics are ready to spend $500 and more on jewelry

US Hispanic consumers are willing to spend large amounts of money on jewelry, according to Jewelry Consumer Opinion Council (JCOC). That could mean big business for retailers, considering there are 39 mln Hispanic consumers in the United States, a number that continues to grow. The study finds that 75% of respondents already own fine jewelry, and more than half of them will spend more than $500 on fine jewelry purchases in the next few months.