October was a good month for fine jewelry and fine watches retailers in the US: According to IDEX Online, sales rose 7% year-on-year in the US market, totaling an estimated $6.5 billion. The sales rise in October, however, “ was below the year-earlier month when the increase was 8.9%”.
As for overall performance in 2017, IDEX Online is optimistic, remarking: “While chain jewelers have been reporting generally insipid sales for the most recent fiscal quarter ended September 2017, independent jewelers have generally been reporting stronger sales gains”. IDEX preliminary forecast for jewelry sales in 2017 is a 4% rise, year-on-year.
Sales of fine jewelry and fine watches rose by 7.7% year-on-year September 2017, totaling an estimated $6.1 billion. Despite the year-on-year rise, sales in September were lower than $6.6 billion raked in August, “which was the best [month] since last January”, according to the same source.
