According to the US Census Bureau, sales in specialized stores rose jewelry US in 2016 by 3.8%, for up to $ 31.43 billion after a sharp increase in the year-end.
Sales in December surged 7% to $ 6.21 billion, according to preliminary data.
Meanwhile, last year in the same period, only 4.8 per cent increase in jewelry sales was observed in all outlets, according to the individual according to the Bureau of Economic Analysis.
These data contrast with the more cautious figures given CEO of De Beers, Bruce Cleaver (Bruce Cleaver), who said in January that retail jewelry sales rose by only 0.4% in the US over the past year. In December, independent jewelers revenues grew by 1.4%, while total sales increased by 0.7%, Cleaver said, citing data Mastercard Spending Pulse.
Meanwhile, the jewelry consumer price index in January rose by 5% compared to the previous month and increased by 3.7% year on year, according to the latest data from the Bureau of Labor Statistics. Prices of hours increased by 5% in January compared to December, and by 5.4% compared with the previous year, while the prices of jewelery and watches rose by 5% compared to the previous month and 4% on an annualized basis. Changes in prices were not adjusted for seasonal variations.
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Richline Group announced the acquisition of the company Gemvara, which deals with online sales of personalized jewelry. Richline is a subsidiary of Berkshire Hathaway.
The companies Richline and Gemvara noted that the deal will allow the latter to continue to create personalized jewelry and sell them over the Internet, and at the same time will give her the opportunity to gain an advantage through greater Richline scale throughout the supply chain jewelry.
"Absorption enable Gemvara to grow more rapidly, more rapidly offer new design for consumers and consolidate the success of a wide range of affordable jewelry," - said the president of Gemvara Dzhon Blotner (Jon Blotner).
Richline also expressed willingness to accept foundations and Gemvara Technology Group asset.
"We believe that differentiated Gemvara platform will provide retail partners Richline additional revenue in the fast-growing segment of personalized jewelry, as well as allow them to improve the overall performance of their online businesses," - says the head of Richline Group is Mark Hanna (Mark Hanna).
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