Jewellery & watch sales in the U.S market increases by 4%
Jewellery sales were up an estimated four per cent to US$5.03 billion in July and watch sales increased at the same rate to US$666 million. Total revenues during the first seven months of 2016 were approximately US$40.03 billion, with jewellery representing 88.3% and watches 11.7% of total sales. These gains corresponded with price increases as indicated by the 2015 consumer price index. Reported by Rapaport News.