An analysis posted by IDEX Online shows that US sales of fine jewelry and fine watches rose 8.8% year-on-year in December 2017. Sales totaled an estimated $18.1 billion, according to preliminary data from the U.S. Commerce Department “as the holiday season came to a climax”, according to the report.
As for the full-year results, jewelry sales gains in the US market for 2017 was 6.9%. American jewelry consumers “were clearly in a good mood in 2017 with robust sales reported throughout the year perhaps reflecting the healthy state of the US economy”.
The Mastercard SpendingPulse survey, released in December, also showed an increase in holiday sales, including the jewelry sector. The SpendingPulse report, which details holiday shopping from November 1 through December 24, shows that jewelry sales grew 5.9%, largely driven by last-minute sales on December 23.
