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Post by Franko10 ™ on Apr 8, 2005 8:03:11 GMT -5
--- U.S. Diamond Retail Sales Grow 8% in 2004
For the ninth consecutive year, the retail diamond jewelry market grew in the United States, with an increase of 8.2 percent in 2004. Total diamond jewelry sales were $31.5 billion, up $2.4 billion from 2003.
Transactions grew by 4 percent and the average ticket price reflected a 4 percent growth as well. Three-stone diamond jewelry (market value of $3.1 billion) drives sales growth. During the past five years, three-stone diamond jewelry sales growth has risen almost 35 percent, according to the Diamond Information Center.
Diamond engagement rings reached their highest average price at $2,600 retail value for the diamond engagement ring category is $4.5 billion, which is a growth of 5 percent ahead of 2003.
The Diamond Right Hand Ring is another area that has seen tremendous growth. In 2004, the Diamond Right Hand Ring drove the $3.8 billion non-bridal fashion diamond ring category from an under performing
section of the market into one that grew by 15 percent.
For the ninth consecutive year, the retail diamond jewelry market grew in the United States, with an increase of 8.2 percent in 2004. Total diamond jewelry sales were $31.5 billion, up $2.4 billion from 2003.
Transactions grew by 4 percent and the average ticket price reflected a 4 percent growth as well. Three-stone diamond jewelry (market value of $3.1 billion) drives sales growth. During the past five years, three-stone diamond jewelry sales growth has risen almost 35 percent, according to the Diamond Information Center.
Diamond engagement rings reached their highest average price at $2,600 retail value for the diamond engagement ring category is $4.5 billion, which is a growth of 5 percent ahead of 2003.
The Diamond Right Hand Ring is another area that has seen tremendous growth. In 2004, the Diamond Right Hand Ring drove the $3.8 billion non-bridal fashion diamond ring category from an under performing
section of the market into one that grew by 15 percent.
