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U.S. Jewelry & Watch Sales Hit Three-Year High

Jun 5, 2016 8:59 AM   By Rapaport News
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U.S. jewelry and watch revenue from all retail outlets recorded the biggest jump in three years in April as sales rose year on year for a 12th consecutive month.

Revenue advanced 5.4 percent to an estimated $5.53 billion, provisional government figures showed. This was the steepest growth since a 7.3-percent jump in April 2013, according to Rapaport News records. Sales have now increased year on year in every month since May last year.

Data for previous months was revised, resulting in a growth rate of 4.1 percent for March, slightly lower than previously reported. Jewelry and watch sales advanced 5.1 percent in February, up from an earlier estimated increase of 4.5 percent. January sales were adjusted to a rise of 5.3 percent from a 6.3-percent jump.

Jewelry sales increased 5.3 percent to $4.88 billion in April, according to Rapaport News estimates. Watch revenue advanced 6.4 percent to an estimated $647.2 million, also the strongest percentage rise since April 2013.

In the first four months of the year, jewelry and watch sales grew 5 percent to an estimated $20.99 billion.
Tags: data, Jewelry, Jewelry sales, Rapaport News, u.s., U.S. retail, Watch sales, watches
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