Strong Increase in U.S. Jewelry Sales in October

(IDEX Online) – Sales of fine jewelry and fine watches rose by 7.0 percent in the U.S. market in October 2017, when compared to the same month a year ago, as the graph below illustrates.

Sales were an estimated $6.5 billion, according to preliminary data from the U.S. Commerce Department. The October sales performance was higher than the figure for the month before and just below the 7.2 percent figure recorded in July.

The sales rise in October was below the year-earlier month when the increase was 8.9 percent.

Outlook Optimistic for 2017 Jewelry Sales

While chain jewelers have been reporting generally insipid sales for the most recent fiscal quarter ended September 2017, independent jewelers have generally been reporting stronger sales gains.

Our preliminary forecast for jewelry sales gains in the U.S. market for 2017 is a gain in the four percent range, year-over-year. 

Read the full article here in IDEX Online Research