Jewelry Sales Spike in April
Jewelry Sales Spike in April
The U.S. jewelry industry posted substantial sales numbers in the month of April, in accordance with a report. Could this be yet one more indication that the economic depression is behind us? Appears like it due to the little greater than 11% improvement in the sales of watches and jewelry over April 2010. Still most importantly, it demonstrates the replaced confidence and enthusiasm among customers, who haven’t shied away from selecting jewelry for adornment or as an investment. The excitement around celebrity engagement rings (most note-worthy being Kim Kardashian’s 20.5-carat monster) and fashion jewelry tendencies might have also done its bit to encourage consumer purchases.
Big gains in March and April
The watch and jewelry market is a billion dollar one; the $4.8 billion total industry sales for April was $500 million more in comparison with the same month in 2010. This represented an 11.2% rise over the time period, not a small value in any respect. The March numbers for this year were likewise good. Although original sales amounts had showed a small gain of 3%, the closing recorded increase was a stronger 8.6%. While these are single digit spikes, it must be borne in mind that variables outside the American economy, including the Japan earthquake catastrophe as well as political upheavals in Middle Eastern countries also influence the jewelry market.
Watches continue to be irresistible – April sales up 13.9%
For several years, watches have appeared on the wrists of both women and men wanting an accessory that blends looks and practicality. Innovative design trends and features were incorporated in watches to stay ahead with the more demanding consumer needs and advents in technology. April’s watch sales backup this ongoing attention, with a double-digit increase of 13.9%. The excitement for the watch market is favorable, which is fantastic news for designers along with dealers.
Pricier jewelry registers strong sales
The marketplace for retail jewelry may be broadly divided up according to expense- you’ll find products in the higher price range, low-priced products as well as those that fill the gap between the two ends of the price spectrum. It could be safely assumed that the interest in the more inexpensive jewelry is going to be high; since of course no-one can resist bling that comes cheap. This perspective is accurately demonstrated in the sales data, with more inexpensive jewelry posting steady sales. A little bit more unexpected is the positive demand for more expensive jewelry, revealing that consumers who can afford to splurge are certainly not holding back. The interest for jewelry in the $500-$1000 range is softer, though there are signs of growth as well.
Demand for branded jewelry is high
Branded jewelry sales registered an 8% gain, an indication that brand-consciousness among shoppers is strong, as is their preference for distinctive and custom-made designs that stand out rather than blending in the crowd. It would not be surprising to discover a buyer at an jewelers austin tx store checking out jewelry or watches from just one designer/brand of choice. In fact, customers would much rather check out the online catalogue of the [Austin jeweler] in question first to see if it sells bridal rings or watches by a certain brand.
This article was written by Michael Crane who is a gem professional and past lawyer. His store showcases some of the finest jewelry austin texas has to offer for many years now. He helps clients throughout one of the most vital decisions of their life.
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