An analysis of credit card data by MasterCard has found jewelry spending has increased each month for 25 consecutive months.
The data was presented at the Global Retailing Conference in Tucson, Ariz., on April 23, The Washington Post reports.
The average fine jewelry purchase price is $2,400, according to the data.
The report also found that many consumers are choosing to spend money on experiences—like meals and vacations—over products, but that bigger-ticket items (like fine jewelry) are seeing healthy growth.
MasterCard also reported that consumers now carry an average of four credit cards, as opposed to eight prerecession.