Jewelry Sales Down 8.6% in February 2023

February 2023 jewelry sales down - Tenoris photo-towfiqu barbhuiya

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 […]