Headlines

US Jewelry Sales Soared in May, Survey Finds

Sales were up 44.7 percent from May 2019.

Published

3 years ago

June 14, 2021

INSTORE Staff

Jewelry sales were up 203.4 percent in May 2021 compared to the same month a year earlier, during the height of the COVID-19 pandemic, according to the latest Mastercard SpendingPulse report.

Sales were up 44.7 percent from May 2019.

Total U.S. retail sales, excluding automotive and gasoline, increased 12.2% year-over-year in May 2021, and 10.2 percent compared to May 2019. Online sales in May grew 1.1 percent and 94.8 percent respectively, compared to the same periods.

Mastercard SpendingPulse reports that May marked the eighth consecutive month of total retail sales growth, excluding automotive and gasoline.

Total U.S. retail sales are expected to grow 5.5 percent excluding automotive and gas during the critical July 15 through Sept. 6 back-to-school period compared to 2020. Compared to 2019, sales are expected to grow 6.7 percent.

Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment.

MasterCard Spending Pulse

MasterCard Spending Pulse 2

She Wanted to Spend More Time with Her Kids. She Called Wilkerson.

Your children are precious. More precious than gold? Absolutely! Just ask Lesley Ann Davis, owner of Lesley Ann Jewels, an independent jewelry store that — until the end of 2023 — had quite a following in Houston, Texas. To spend more time with her four sons, all in high school, she decided to close her store. Luckily, she was familiar with Wilkerson and called them as soon as she knew she wanted to move on to bigger, better and more family-focused things. Was she happy with her decision? Yes, she was. Says Davis, “Any owner looking to make that life change, looking to retire, looking to close, looking for a pause in their career, I would recommend Wilkerson. Hands down!”