Precious Metals:Data & Statistics
THIRD-QUARTER GOLD JEWELRY SALES
Gold jewelry sales reached $2.3 billion in the third quarter of 1997,
up 6.7% in units and 2.5% in dollars from the same period of 1996, says
the World Gold Council.
Independent jewelers ran second behind department stores in terms of
dollar increases (7.5% and 7.6%, respectively) and unit increases (6.4%
and 7.4%, respectively). Chain jewelry stores reported increases of 6.1%
in units and 5.1% in dollars. The troubled discount/catalog showroom sector
lagged behind with a 5.9% increase in units and a 12% drop in value, indicating
a focus on cheaper jewelry.
Earrings, charms and bracelets were the most popular gold jewelry sold
during the quarter.
Copyright © 1998 by Bond Communications.