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New Report Expects U.S. Demand for Jewelry to Grow Despite Uncertainty Elsewhere

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Improved job market credited for last year’s increase in sales.

U.S. jewelry demand increased last year on the strength of sustained economic recovery and an improved job market, according to a new report from De Beers that’s cited by Rapaport. The article says that total U.S. jewelry sales jumped by 5 percent to $39 billion, though that wasn’t enough “to lift the global industry which contracted 2 percent because of sluggishness in emerging-market economies and the strength of the U.S. dollar.” De Beers expects U.S. demand to continue growing in 2016 amid an uncertain global economy.

Read more at Rapaport

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