Know About US Jewelry Sales In 2008

Jewelry are personal decorating and enhancing items worn as ornament or utility, to show luxurious or wealth, or to follow customs or fashion.

The most regular forms of jewelry are the necklace, bracelet, ring , pin , and earring . Jewelry’s use antedates clothing, and it is made of a different types of materials like berries, nuts, seeds, perforated stones, feathers, hair, teeth, bone, shells, ivory, and metals. Even though bronze and silver have been used by ancient people and in modern times, hand made jewelry, gold is generally preferred metal. Jewelry has been decorated by engraving, etching, and filigree, embossing, and by application of enamel, gems, mosaic, semiprecious stones, and glass.

According to Bureau of Economic Analysis (BEA), total US jewelry sales comprising of watches and fashion jewelry corresponded to $65.8 billion in 2008. The US jewelry market has advanced at a composite annual growth rate of 5.5% over the past 25 years.

According to AccessoriesMagazine.com, women’s Fashion and Bridge Jewelry solely corresponded to $9 billion for the year 2008.

Total U.S. consumer expenditure on jewelry in February was at an annual rate of $64.5 billion (preliminary figures), which was down by 1 percent from the previous year. Sales of specialty jewelry in the U.S. market in February were $2.3 billion, which was declined by 11 percent.


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