According to preliminary data, in March 2014, American sales of jewelry and watches slightly increased, while the sales estimate for February was adjusted downwards, Rapaport reports.
The total sales of jewelry and watches in March showed an increase of 2.3% on a year-on-year basis for all retail segments. However, the growth rate in the same month last year was much higher - 9.5%.
According to government statistics, growth in this sector in February was only 2.3% (according to preliminary data, growth was estimated at 6.4%). After clarifying the statistical indicators, the sales results are more in line with the sales figures in the American jewelry stores, which in February increased by 3.7% to $ 2.914 billion.
According to Rapaport, jewelry sales in March rose by 2.2% compared to the same month last year, totaling $ 4.968 billion, and sales of watches increased by 2.8% to $ 665 million.