August Jewelry Demand Remains Solid in US
October 19, 15
(IDEX Online News) – Total sales of fine jewelry and fine watches in the US market in August were an estimated $5.4 billion, up 2.3 percent from August 2014, according to the latest data from the Department of Commerce. Specialty jewelers, those merchants who derive a majority of their revenues from the sale of jewelry and watches, posted a slight sales decline of 0.1 percent in August. Specialty jewelers’ sales represent just over 40 percent of total US jewelry sales. Jewelry sales through multi-line merchants such as Wal-Mart, Costco, and others rose by an estimated 4.0 percent during the period. Jewelry sales through multi-line merchants represent just under 60 percent of total US jewelry sales. Consumer demand for jewelry remains solid, but shoppers bought more of it from multi-line merchants than specialty jewelers, continuing a four-decade trend. The graph below illustrates monthly growth since the beginning of 2014, on a year-to-year basis, of fine jewelry and fine watch sales in the US market. Click here to see the complete August Jewelry Demand Remains Solid in US article.