Thursday, 1st April 2004 (4105 views)

An innovative jewellery report has been released this week on US watch sales by LGI Network.

Sales from 2003 have been thoroughly analysed by the company and results are based on 2,500 US retailers which sell the jewellery items.

Fred Levin, CEO of LGI explained to National Jeweler: "Nearly every other industry has had the luxury of this type of data for years.

"It's time people in the watch and jewellery trade had a way to see hard facts about what's going on in the market."

Independent jewellers, chains and department stores were all included in the report which based its figures on price points, total sales, regional preferences, materials such as gold and brand profiles.

In addition watches covered by the study were those which sell for at least $150 and data on store performance and merchandising trends were also included.

 

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