Retail Jewelry Industry in the U.S. 2017

In fiscal 2016, the US retail jewelry industry continued to adapt to the converging long-term trends of a shrinking brick-and-mortar footprint, growth in online sales, and unsteady consumer spending. Total sales of jewelry at US retail jewelry stores increased slightly in 2016 year-over-year but still fell short of 2014 sales figures, data from the latest US Census shows. US jewelry stores sold $31.43 billion worth of merchandise in 2016, compared with $30.28 billion in 2015, an increase of 3.8 percent.