A report by IDEX Online shows that they increased by 6.3 percent on the same month a year ago in January 2018. Sales of fine jewelry alone rose by 8.9 percent.
Combined sales of fine jewelry and fine watches were an estimated $8.5 billion, according to preliminary data from the U.S. Commerce Department following the holiday season but ahead of Valentine's Day.
The sales rise in January was lower than that recorded for the three previous months, but that is only to be expected since that was the holiday season period.
American jewelry consumers, collectively, were clearly in a good mood in 2017 with robust sales reported throughout the year perhaps reflecting the healthy state of the U.S. economy.
That appears to continue to be the case as 2018 started out. The following months will tell us if this trend is continuing.
