As a result of 2013, jewelry and watches sales in the US showed significant growth against the background of a relatively low inflation of consumer prices in this sector, which provided good overall performance, Rapaport reports.
According to preliminary government data, in December sales of jewelry and watches grew by 6.4% on a year-on-year basis. The indicators of sales growth rates in November were slightly lowered from 9.1% to 8.4%, but the figures for October were revised upward from 5.5% to 9.4%.
Meanwhile, jewelry sales in December showed an increase of 6.2% over the same period last year, to $ 14.6 billion, while sales of watches increased by 8.2% to $ 2 billion, Rapaport News estimates.
According to some estimates, in November there was an increase in sales of jewelry by 9.8% (to $ 6.6 billion) and a drop in sales of watches by 2.2% (to $ 783 million).
According to preliminary generalized data, in 2013 jewelry sales increased by 7.7% compared to 2012, totaling $ 71.3 billion, and sales of watches rose 8.1% to $ 9.5 billion.