Jewelry Sales Down 8.6% in February 2023
The jewelry market softened year over year in February. Overall jewelry sales by US specialty jewelers fell 8.6%. The declines reflect gradual receding consumer demand for diamonds from the record highs of 2021-2022. Jewelry sales declined 13.7%. Loose natural diamond sales declined too, down 21.7% versus February 2022. On a month over month basis, total […]
December 2022 Jewelry Sales Down
December jewelry sales activity softened against an exceptionally strong 2021. With it, holiday season sales and annual sales were down as well. However, there were pockets of improved activity, especially in higher-priced items. In the 2022 holiday season, sales declined 10%, while average price per unit remained steady. Follow the link for a detailed run down.
Jewelry Sales Down 12% in November
As expected for the holiday season, US jewelry retailers experienced a rise in activity in November from October. Some are expressing concerns due to the economic outlook and the year-over-year decline in sales. However, consumer demand was still robust, and far ahead of sales in 2019. Jewelry Demand in November and Year to Date Total […]
US Jewelry Market Experiences Declines in October
The US jewelry market experienced a decline in activity in October. Sales largely declined compared to September and year over year.