(IDEX Online) – Sales of fine jewelry and fine watches rose by 8.8 percent in the U.S. market in December 2017, when compared to the same month a year ago, as the graph below illustrates. <?xml:namespace prefix = "o" ns = "urn:schemas-microsoft-com:office:office" /?>
Sales were an estimated $18.1 billion, according to preliminary data from the U.S. Commerce Department as the holiday season came to a climax.
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Strong 2017 Jewelry Sales Results
Although we had been expecting jewelry sales gains in the U.S. market for 2017 of at least four percent, year-over-year, the actual average figure for the year was considerably higher at 6.9%.
American jewelry consumers, collectively, were clearly in a good mood in 2017 with robust sales reported throughout the year perhaps reflecting the healthy state of the U.S. economy.