According to a recent analysis on IDEX Online, sales of fine jewelry and fine watches jumped 9.1% year-on-year in May. Preliminary data from the US Commerce Department, quoted in the piece, shows that sales reached $9.1 billion.
IDEX Online says that with the improvement in the American economy, “it’s reasonable to assume that the figures will keep showing a solid performance in the coming months”. It added that “the traditionally less robust summer sales months will provide a more accurate indication of the strength of national jewelry sales going forward”.
An analysis published last month by Russian miner Alrosa, based on the data of retailers and the states’ national statistics, showed that global sales of jewelry with polished diamonds grew by 7% year-on-year in Q1 2018. According to Alrosa, “positive market dynamics was mostly driven by consumer interest growth and changed currency exchange rates”.
