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U.S. Jewelry and Watch Sales Climb in June

Aug 4, 2016 9:28 AM   By Rapaport News
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U.S. jewelry and watch revenue from all retail outlets rose 3.5 percent from a year ago to an estimated $5.64 billion in June, according to provisional figures from the nation’s Bureau of Economic Analysis.

The sector’s total for several previous months was revised, resulting in the rate of growth for May being 5.5 percent and for April being 4.4 percent.

Jewelry sales in June increased 3.5 percent to $4.98 billion, according to Rapaport News estimates. Watch sales rose by the same percentage to $660 million.

Jewelry and watch sales grew 3.9 percent to $34.35 billion in the first half of the year, with jewelry revenue and watch revenue both increasing by that same percentage to $30.34 million and $4.02 million respectively.

Separately, sales in specialty jewelry stores, which are tracked separately, increased 2 per cent to $2.79 billion in May, the latest month for which data is available from the U.S. Census Bureau. The consumer price index for jewelry jumped 7 percent year on year in May.
Tags: Bureau of Economic Analysis, Jewelry, jewelry and watch sales, Jewelry and watches, jewelry stores, Rapaport News, retail, u.s.
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