GOLD JEWELRY SALES RISE Gold jewelry sales totaled $6 billion in the first three quarters of 1995, up 5.9% from the same period of 1994, says the World Gold Council. At this pace, says the council, sales were poised to exceed the 1994 total sales volume of $11.3 billion. (The fourth quarter traditionally accounts for more than 40% of gold jewelry sales.) For the third quarter alone, gold jewelry sales rose 5.1% by value and 4.7% by units over the same period of 1994. It was the 16th consecutive quarter of sales increases, says the council. "Despite an overall sluggish retail environment, gold jewelry has been a strong performer," says Michael C. Barlerin, the council's chief executive officer. Who's selling: Sales were up in all retail channels in the first three quarters. Discount stores remained the fastest growing retail outlet, easily outpacing the category average with a 1

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