U.S. specialty jewelry store posted a sales rise of 2 percent in May.
However they were the only retailers to record an increase, with separate government statistics showing that jewelry sales across all outlets, not just specialty jewelry stores, rose by almost 5.0 percent in the January to May period.
Sales at specialty jewelry stores were $2.79 billion during June, probably boosted by Mother’s Day which is one of the busiest sales periods of the year after Christmas, Rapaport reported.
The increase is in line with the uptrend seen in 2016 as sales at specialty jewelers climbed 2.1 percent to $11.62 billion during the first five months, according to the U.S. Census Bureau.
