Jewelry Sales Kept Declining in September

Jewelry sales declined in September as US demand continued to soften. Year over year, US fine jewelry and diamond retail sales declined 8.6% by value. Average unit retail price pulled back 1.7% year over year to $1,677.

The September decline brought year to date sales down 8.1% as nearly every category suffered from a decline.

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

Jewelry Retail Sales: Less For More Per Item

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.

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