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US SALES OF JEWELLERY AND WATCHES GET A BOOST IN OCTOBER

October is the fourth successive month in which sales have increased
US luxury jewelry shoppers
Credit: Syda Productions / shutterstock.com

A new report published by IDEX Online shows that sales of fine jewellery and fine watches in the US market rose 3.2% year-on-year in October – the fourth successive month in which sales have increased. This, IDEX Online says, is “evidence that the market is solidly picking up at last”.

 

holiday season gifts diamonds boxes
Credit: AlexMaster / shutterstock.com

 

The fourth quarter is expected to be a positive one, according to the report; based on pre-holiday surveys and research, “consumers were eager to spend”, and the NRF’s prediction spoke about an increase of 3.8%-4.2% in holiday retail sales in November and December.

 

holiday season diamonds jewelry
Credit: Canadapanda / shutterstock.com

 

Early holiday results, IDEX Online adds, indicate that consumers “put jewellery front and center this year”; this, according to a Mastercard SpendingPulse report which shows that jewellery sales have increased 1.8% over the holiday shopping period.



Tags: Diamonds News, Jewelry News, Diamond Jewelry News

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