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US jewelry sales rebound in 2021 after a decline in 2020

Article by Arielle Feger  |  Feb 17, 2022
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US jewelry sales rebound in 2021 after a decline in 2020
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Topics
Apparel & Accessories
Luxury Goods
Retail Sales
United States

The forecast: US jewelry sales grew 27.5% in 2021 to reach $47.1 billion, making up 8.8% of the apparels and accessories category. This followed a 13.4% decline in 2020.

Dive deeper:

  • Lower gold prices, rising disposable incomes, and weddings that were delayed to 2021 and 2022 spurred most of the growth.
  • During the Cyber Five, jewelry sales rose by 32%, according to Mastercard’s SpendingPulse.
  • US ecommerce sales of jewelry rose 88.6%, comprising 18.2% of jewelry sales.

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