Jewelry Sales Rise 10.4% in December: Report

Jewelry sales in the month of December increased 10.4 percent compared with last year, according to a report from MasterCard Advisors’ SpendingPulse, which tracks sales nationally.

This was the first time since June 2010 that the sector enjoyed double-digit growth. The increase was driven primarily by strong performance by independent jewelers, as well as the high-tier segment.

SpendingPulse also reported that online jewelry sales were up 5 percent.

The company has previously said that jewelry sales rose 8.4 percent for the holiday season.