U.S. Jewelry Store Sales on the Rise

U.S. jewelry store sales officially rose 9 percent over the year to $2.223 billion in July, continuing the strong growth trend that began in November 2012. The Consumer Price Index (CPI) for the jewelry category, which has remained basically flat throughout the year, is inching up, with a 4 percent increase recorded for July.

For the first seven months of 2013, jewelry store sales have risen 9.5 percent year on year to $17.255 billion. The strongest month for store sales growth was April, when store sales skyrocketed 21.6 percent, followed by January and then March.

Alternatively, U.S. department store sales have had a very difficult year. Advanced sales estimates for the sector in August fell 4.9 percent to $14.5 billion.