U.S. Jewellery Store Sales Increase By 3.8% In 2016
Sales at specialty jewellery stores in the U.S. grew 3.8 percent to $31.43 billion in 2016 following a sharp rise in December, according to data from the U.S. Census Bureau. December sales jumped 7 percent to $6.21 billion from $5.81 billion in December 2015, the provisional figures showed.
To give an indication of the impact of December sales on overall jewellery sales, the monthly sales average for the 11 months before December was $2.29 billion, meaning that December sales represented a 170% rise over the 11 months prior. The consumer price index for jewellery rose 5 percent in January from the previous month and increased 3.7 percent year on year, according recent data from the Bureau of Labour Statistics cited by Rapaport News.