Sturdy U.S. Silver Jewellery Sales Continued in 2016on March 22, 2017 at 18:43
Survey Demonstrates Eighth Consecutive Yr of Silver Jewellery Sales Growth
(Washington, D.C. – March 22, 2017) – Silver jewellery income in the United States have been powerful in 2016, with 62% of jewelry merchants reporting enhanced income, according to a survey performed on behalf of the Silver Institute’s Silver Promotion Service (SPS). The benefits showed that 2016 was the eighth consecutive year of silver jewelry revenue growth.
Highlights from the 2016 survey contain:
- The average keep development in 2016 for silver jewelry sales was sixteen%. Eight percent of merchants reported an increase in sales of over 25%.
- Retailers mentioned their silver jewelry income, as a percentage of their all round jewelry revenue, had been on regular 35% of their unit volume and 27% of their dollar volume.
- 54% of retailers stated silver knowledgeable the very best turnover charge in 2016, followed by bridal and diamond both at 17%, gold at 10% and platinum at two%.
- The best maintained margins for the duration of the vacation season were:
-Silver Jewelry 49%
-Diamond Jewelry 21%
-Bridal Jewellery 18%
-Gold Jewellery 10%
-Platinum Jewelry two%
- 89% of merchants say they are optimistic that silver jewelry income will proceed to increase.
A copy of the report can be downloaded right here: 2016 Silver Jewellery Income Benefits
gold and silver prices are holding up properly, with silver at $17.54/oz.
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Published at Wed, 22 Mar 2017 21:59:28 +0000