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US Jewelry Sales Soared in May, Survey Finds

Sales were up 44.7 percent from May 2019.

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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.

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You’ve worked hard all your life. And if you’re like most jewelers contemplating retirement, you’re hoping that your going-out-of-business sale will add to your nest egg — with minimal complications. That’s exactly what Doug and Jacki Friedrich, fourth-generation owners of Friedrich Jewelers Inc., of Vernon, Conn., experienced when they selected Wilkerson to run their sale. “Jewelers who are contemplating a sale should go with Wilkerson because of their experience,” says Doug. And with financial goals “exceeding expectations,” the couple can now focus on enjoying the next chapter of their lives. “It’s going to set us up very nicely for retirement,” says Jacki. “The money’s coming in and we have no complaints. It’s been wonderful.”

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