US Fine Jewelry & Watch Sales Grow Modestly in 2015
February 14, 16 by Ken Gassman
(IDEX Online News) –
The fine jewelry and fine watch retail market in the US posted sales growth in 2015, though it was the smallest gain in six years, since the economy and the jewelry industry began its recovery from the devastating recession of 2008-2009.
Total sales of fine jewelry and fine watches in the US in 2015 were an estimated $75.4 billion, according to the latest preliminary government data, as the graph below illustrates.
Total sales of fine jewelry in 2015 were $66.6 billion in the US, a gain of 1.1 percent.
Total sales of fine watches over the same period were an estimated $8.8 billion, a gain of 0.3 percent. Fine watches represented a little less than 12 percent of the total fine jewelry and fine watch market in America.
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