US Watch and Jewelry Sales in April: Biggest Fall Since 1929 Great Depression
June 29, 20
The fall in US sales of watches and jewelry sales during April was probably the worst in modern history.
A full month of lockdown saw a year-on-year decline of almost of almost 55 per cent, far exceeding even the 1929 slump in sales of the Great Depression.
Comparable figures for jewelry sales immediately after the Wall Street Crash - the worst economic downturn in the history of the industrialized world - show a year-on-year dip of about 36 per cent.
The biggest fall since then has been the 8.3 per cent dip during the Great Recession of 2009.
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