U.S. Specialty Jewelry Retailers Post Large Sales Rise in July

(IDEX Online) – Sales of fine jewelry and fine watches rose by 6.7 percent in the U.S. market in July 2017, when compared to the same month a year ago, as the graph below illustrates.

Sales were an estimated $6.3 billion, according to preliminary data from the U.S. Commerce Department. The July sales performance was the best since last January when sales also increased by 6.7 percent.

The sales rise in July was also higher than that for the year-earlier month when the increase was 4.8 percent.

Outlook Optimistic for 2017 Jewelry Sales

While chain jewelers have been reporting generally insipid sales for the most recent fiscal quarter ended March 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. 

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