Overall US fine jewelry and diamond retail sales widened the negative trend in October. Year over year, sales fell 9.5% by value and declined 6.8%
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.
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