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US watch and jewellery sales slow down in January ‘24

The growth of watch and jewelry sales in the US slowed in January after a bounce during the last two months of 2023.

The first figures for 2024 from the US Department of Commerce show a year-on-year increase of 0.4 per cent, with jewelry sales up slightly (0.6 per cent) and watches down slightly (0.7 per cent).

It follows overall rises of 3.3 per cent in November and 5.8 per cent in December. Sales had been in long-term decline for at least 18 months, with 13 consecutive months of decreased sales.

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