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U.S. Jewelry and Watch Sales Increase Again in February

Mar 29, 2016 3:05 AM   By Rapaport News
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RAPAPORT... U.S. jewelry and watch sales from all retail outlets rose 4.5 percent to an estimated $6.17 billion in February, according to provisional data from the government released March 28.

The sector’s total for January was revised, as is often the case, to a growth rate of 5.5 percent, meaning the increase was slimmer than previously stated. December sales advanced 4.6 percent, November sales added 3.6 percent and October sales climbed 1.1 percent.

Jewelry sales in February advanced 4.5 percent to an estimated $5.45 billion, while watch sales rose 5.2 percent to $722 million, according to Rapaport News calculations. Both have now enjoyed 10 straight months of growth.

Jewelry and watch sales for the first two months of the year advanced 5 percent to $10.79 billion, as calculated by Rapaport News.

Specialty jewelry store sales, which are tracked separately, increased 1.2 percent in January, according to the most recent government data.
Tags: Jewelry, Rapaport News, retail, retail sales, u.s., u.s. jewelry sales, watches
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