The United States jewelry market listed sound sales figures in the month of April, in accordance with a report. Is this fact yet another sign that the down economy is behind us? Sounds like it due to the little over 11% rise in the sales of watches and jewelry over April 2010. Still furthermore, it demonstrates the restored confidence and enthusiasm among buyers, who haven?t shied away from purchasing jewelry for adornment or for an investment. The media hype around celebrity engagement rings (most note-worthy being Kim Kardashian?s 20.5-carat monster) and fashion jewelry tendencies may have also done its part to stimulate consumer purchases.
Big gains in March and April
The watch and jewelry industry is a billion dollar one; the $4.8 billion total industry sales for April was $500 million more when compared with the same month in 2010. This symbolized an 11.2% growth over the period, not a small value whatsoever. The March statistics for this year were likewise good. Even when initial sales results had showed a small gain of 3%, the final recorded increase was a much superior 8.6%. Although these are single digit increases}}, it must be borne in mind that issues outside the US economy, like the Japan earthquake disaster together with political upheavals in Middle Eastern countries also impact the jewelry market.
Watches continue to be irresistible ? April sales up 13.9%
For decades, watches have embellished the wrists of both males and females wanting an accessory that combines beauty along with practicality. Fresh design trends and features are integrated in watches to stay ahead with the more challenging consumer needs and advents in technology. April?s watch sales reinforce this ongoing enthusiasm, with a double-digit growth of 13.9%. The trend for the watch industry is favorable}}, which is very good news for manufacturers together with dealers.
Pricier jewelry registers strong sales
The marketplace for retail jewelry is usually commonly segregated on the basis of value- there are merchandise in the high price range, low-priced products together with those that fill the space between the two ends of the price spectrum. It could be safely presumed that the sales of the more affordable jewelry will be high; since of course no-one can resist bling that comes cheap. This attitude is correctly demonstrated in the sales data, with less costly jewelry providing steady sales. A little bit more interesting is the stable demand for expensive jewelry, indicating that people who are able to manage to splurge are not holding back. The interest for jewelry in the $500-$1000 range is softer, although there are signs of growth as well.
Demand for branded jewelry is high
Branded jewelry sales registered an 8% gain, an indicator that brand-consciousness among shoppers is strong, as is their desire for distinctive and customized creations that are noticed instead of blending in the crowd. It would not be surprising to find a customer at a austin engagement rings shops perusing jewelry or watches from just one single designer/brand of choice. The fact is, buyers would much rather go through the online catalogue of the jewelry stores in austin texas in question first to see if it sells wedding rings or watches by a particular brand.
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