Trends: Snapshot January 2019

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Snapshot January 2019

A look at the latest jewelry industry statistics

By Harold Dupuy, FGA

So far, 2018 has proven to be a good year (some might even say a great year) through the month of September, which is the last published data from the federal government. Let’s take a look at why that is….

Retail Sales
To give you some perspective, the total U.S. retail market (which includes all types of retailers) for the year-to-date (YTD) through September has increased a healthy 5.9 percent over the same period in 2017. The total jewelry industry (which includes all sellers of fine jewelry) through September is 8.8 percent over 2017, and jewelry stores are 10.4 percent above comparable 2017 results. All of this is very encouraging, especially for the jewelry store sector, which just saw the best nine-month start for a year in 14 years. To find a better start, one would have to go back to 2004.

As mentioned, the jewelry industry data includes all sellers of fine jewelry, so in addition to je...