US Jewelry Spending Down 3.8% in October
November 21, 22
(IDEX Online) - Spending on jewelry in the US fell by almost four per cent in October, compared with the same period last year.
That's according to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment.
It says the jewelry sector saw a 3.8 per cent drop, second only to all other luxury goods, which saw an 8.7 per cent drop.
Across all sectors, excluding auto, sales growth was 9.5 per cent, with predictions of a 15 per cent year-on-year increase for Black Friday.
Jewelry sales were up 34.1 per cent in October 2022 compared with pre-pandemic October 2019.