Jewelry and watch sales in the US rose 23.8% year-on-year in January, “which suggests the post-pandemic recovery is slowing,” according to IDEX Online.
Jewelry sales rose 24% per cent and watch sales were up 22.7% during the month, which marks an average increase of 23.8%.
According to IDEX Online,as the “depths of the pandemic are now behind us,” more “normal” growth in jewelry sales is expected in the coming year, “perhaps in the mid-to-high single digit range, though inflation could push that growth to low-double digits – in the teen range.”
