Industry Snapshot: June 2021

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A look at the latest jewelry industry statistics

By Harold Dupuy, FGA

Quick Links: Aftermath of COVIDPrecious MetalsJewelry SalesOnline SalesJewelry ImportsThe Diamond MarketIn Closing

While the COVID-19 pandemic lasted longer than anyone expected, we can see the light at the end of the tunnel. After more than a year, positive signs—both medical and economic health—have grown remarkably quickly. With COVID vaccinations now open to all age groups above 16, the current vaccination rate runs about 2.2 million per day, with more than 200 million doses administered in the U.S. Within the most vulnerable age group (65+), more than 84 percent have received a single dose, and 68 percent are fully vaccinated. More than 153 million U.S. citizens have received one dose, and more than 115 million are fully vaccinated. All of this means that life is returning to some semblance of normal, and, so far, the signs for the economy and the jewelry industry are looking positive.