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US watch and jewellery sales slowed down in May

The growth in watch and jewelry sales in the US slowed again in May, for the third consecutive month, according to the latest year-on-year estimates by the US Department of Commerce.



Sales are still increasing - generally among multi-line retailers rather than specialty jewelers - but the rate of increase is less.



Sales were marginally higher this May than in May 2023 - up by 1.4 per cent - with tough trading conditions showing few signs of improvement.



In April sales were 2.7 per cent higher, year-on-year, in March they were up 4.5 per cent and in February they rose by 5.0 per cent.

These revised figures cover sales by Amazon, Costco, Walmart and other multi-line retailers, accounting for around two thirds of all watch and jewelry sales in the US, as well as specialty jewelers.




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