U.S. Holiday jewelry sales are expected +7%
By Ken Gassman www.idexonline.com
(IDEX Online News) – It should be a ho-ho-ho Christmas for American jewelers! U.S. Holiday jewelry sales are expected to rise 7 percent to 10 percent, based year-over-year, according to the latest IDEX Online Research forecast.
The full details of the 2011 Holiday forecast are available to IDEX Online Research subscribers and IDEX Online members here.
The unusually wide forecast range is related to one key unknown: inflation of precious gemstones and metals, especially as those higher prices flow through the distribution channel.
IDEX Online Research is predicting unit sales gains of one percent to two percent, with the balance of the gain – six percent to nine percent – resulting from inflationary pricing related to gold, silver, platinum and polished diamonds
The all-important November and December 2011 Holiday Selling Season will yield November-December jewelry sales of $18.3 billion to $18.9 billion, versus last year’s $17.2 billion, according to the forecast.
The full forecast analysis and statistics are available to IDEX Online Research subscribers and IDEX Online members here. Click here for more information on how to subscribe or become a member.
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