Preliminary data from the US Commerce Department, quoted by IDEX Online, shows that 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 in August, “which was the best [month] since last January”, according to the same source. Additionally, the rise in sales in September was “slightly lower than that for the year-earlier month when the increase was 8%”.
IDEX Online proves an optimistic outlook for jewelry sales, claiming that “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”. The report forecasts an approximate 4% yearly gain in jewelry sales in the US in 2017.
