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August Jewelry and Watch Sales Increased

Posted on October 6th, 2014 by Goldman Buyer

Jewelry and watch sales from all retail channels increased nearly 5 percent in August as compared to the same month in 2013. While the consumer price index (CPI) for watches increased 4.5 percent, the CPI for jewelry fell 4.7 percent.

Excluding watches, jewelry sales increased 5 percent year to year in July, and 4.8% to $4.94 billion year to year in August. This has contributed to the 2.8% increase (to $40.198 billion) in sales for the first eight months of the year.

Watch sales in August increased 5.8% (to $673.6 million) from last year, boosting the total to $5.476 billion so far this year, a 3.7% increase. Overall, sales of jewelry and watches improved 2.9 percent between January and August, with a total of $45.68 billion.

 

Courtesy of Rapaport

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I find that Joe at Chicago Gold Gallery consistently offers and pays more for my coins than coin dealers in Chicagoland. He's very nice and easy to deal with. Don't hesitate to call him and preferably visit him.


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