Jewelry Retail Sales: Less For More Per Item

Consumers Buy Less, Spend More - August 2023 Featured image Photo Sabrianna

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.

Jewelry Sales Stabilize in May, Diamond Sales Are Sliding

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 […]