US Watch and Jewelry Sales: Biggest Fall Since Pandemic

(IDEX Online) - US watch and jewelry sales slumped during March, with the biggest monthly fall since the pandemic struck in 2020.They were down 9.2 per cent according to figures release by the US Department of Commerce. In February the fall was 6.8 per cent (revised down from the 3.0 per cent figure).

Sales have been declining for the last six months, with the exception of January (revised up to 0.8 per cent).

Many fear the US is on the brink of a financial catastrophe, with the collapse of Silicon Valley Bank and Signature Bank, both in March, followed by this week's news that First Republic Bank had gone the same way.

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