A recent report published by IDEX Online shows that sales of fine jewelry and fine watches was up 9.5% year-on-year in the US in April. Sales totaled an estimated $7.2 billion, according to preliminary data from the US Commerce Department.
According to IDEX Online, “American jewelry consumers appear to be in a strong jewelry-buying mood”, judging by figures for the first three months of 2018. As the economy continues to improve, “it’s reasonable to assume that the figures will keep showing a solid performance in the coming months”.
On the same subject, industry insight data published by De Beers Group in May shows that global consumer demand for diamond jewelry “hit a new all-time high in 2017” – up 2% year-on-year to $82 billion, driven by US growth for the fourth consecutive year. In the US, demand increased 4% to $43 billion, driven by “positive macroeconomics and strong consumer confidence”. Self-purchase of diamond jewelry represented 33% of total US diamond jewelry pieces purchased in 2017.
Click here to read the full IDEX Online Research report
