The Retail Jewelry Industry in America

Sales numbers confirm that the U.S. jewelry market has nearly fully recovered from the recession climate of 2007, at which time the luxury and jewelry industries were particularly hard hit. According to the U.S. Department of Commerce, total U.S. jewelry and watch sales reached the record level of $68.3 billion in 2011 and forecasts for 2012 are more than encouraging for the industry. Sources such as The World Jewellery Confederation or The Altagamma Fondation, predict that the luxury industry globally will see a growth in jewelry and watch sales of around 10 % in 2012 compared with 2011.