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Demand for Jewellery in the US Rebounds in June 2020

US sales in June rose almost 2% year-on-year to total an estimated $5.6 billion
US luxury jewelry shoppers
Credit: Syda Productions / shutterstock.com

According to IDEX Online quoting the latest data from the Department of Commerce, US jewellery and watch sales “showed a solid recovery in June”, rising almost 2% year-on-year to total an estimated $5.6 billion.

 

cartier luxury fine jewelry
Credit: Iris Hortman

 

The recovery, though modest, is “dramatic” when compared to demand in March, April, and May when US jewellery and watch sales declined by 21%, 51% and 27%, respectively. 

 

ladies diamonds watch MB&F
Credit: MB&F

 

According to IDEX online, the June data is “a hopeful sign that 2020 won’t be a total disaster for merchants” – despite a year marked by “lost sales from weather, pandemics, and store closures”.



Tags: Diamonds News, Jewelry News, Diamond Industry News, Diamond Jewelry News

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