Independents' Sales Strong in '98

August 27, 1999

Independents' Sales Strong in '98

Average sales for independent retail jewelers grew 9.3% in 1998 over the previous year, according to the Jewelers of America Annual Business Survey.

Platinum jewelry (up 18.1% over 1997), diamond jewelry (up 10%) and sterling silver (up 9.3%) saw the greatest sales growth. Other categories such as karat gold and cultured pearls did not increase as significantly, although sales still increased an average 4% to 6% in those categories.

Holiday sales increased for more than half of survey respondents compared to their '97 holiday season. Holiday sales overall increased 8.9%.

Half of the survey respondents are optimistic their sales will increase in the first half of 1999, while 40.6% expect no change.

Read JA's report here: ja.polygon.net/trade/news/survey.html.

- by Stacey King