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US Watch and Jewelry Sales Slow Down in March

Growth was “the slowest we've seen since January 2020”
Tiffany & Co. jewelry
Credit: Iris Hortman

An analysis by IDEX, published on IDEX Online, shows that jewelry and watch sales grew by just 8.5% year-on-year in March, compared with 28.4% in February. Growth in March was “the slowest we’ve seen since January 2020, during the very early days of the pandemic,” according to the report.

 

jewelry watch sales april 2022
Credit: IDEX Online

 

In addition, sales figures have been revised downwards slightly – from 24% to 21.6% in January, and from 30.1% to 28.4% in February.

 

According to IDEX Online, the reasons for the sudden faltering of watches and jewelry sales in the US after months of sustained growth may be down to a “sector is in turmoil, over war, sanctions, inflation – and uncertainty over all three.”

 

jewelry sales trends april 2022
Credit: IDEX Online

 

Read the full analysis here



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