Overall US fine jewelry and diamond retail sales were mixed in August. Year over year, sales rose 0.5% by value and fell 4% by quantity of units sold.
Despite the modest rise in consumer expenditure in August, year to date sales declined 7.4%. This is impacting nearly every category of fine jewelry and diamonds.
In July, overall jewelry and diamond sales declined 5.1% by units and 10.8% by value YoY. Loose LGD gained a 50% share of units sold.
Overall jewelry and diamond unit sales were down in June, according to the latest Tenoris analysis.
Jewelry sales stabilized in May, however the average price point of diamond engagement rings is dragged down by lab grown. Diamond sales are suffering from a continued decline. Prices are declining as unit sales are shrinking. Memo is on the rise, indicating possible financial stress among wholesalers. Jewelry As anticipated, finished jewelry sales found some […]