US jewellery market sales soar 10% in January

The US jewellery market began the year with robust sales in January. Sales revenue increased by 10%, marking the greatest year-over-year gain since April 2022. The increase was driven mostly by an 8.3% increase in average spend per item.

 This is the fourth straight month of increasing revenue and the fifth month of rising average pricing. Coupled with a 1.6% increase in unit sales, the US is definitely on an upward path.

 Total natural diamond jewellery sales (including loose and finished jewellery) increased 7.7% year on year. Here, too, an increase in average spend per unit resulted in increased revenue. Unit sales increased by 0.7% in January.