US Watch and Jewelry Sales Steady in July

(IDEX Online) - Sales of watches and jewelry in the US were up 36 per cent year-on-year in July.  But what looks like a significant rise actually reflects the impact of lockdowns last year more than anything else.  Sales totaled $115m in the month, compared to $120m in June and $114m in May. So there are no big shifts to report in actual sales. The industry was recovering by July, so the percentage difference is far less dramatic than last April and May were, the months worst hit by Covid.Meanwhile, revisions to June 2021's figures show that actual through-the-till sales were almost three per cent higher than estimates suggested. This translates to year-on-year increase of 52 per cent, rather than the 48 per cent reported last month. Actual sales in May were marginally lower than the initial estimate.IDEX Online subscribers please click here to read the full report.