According to the U.S. Department of Commerce, specialty jewelers’ sales were up 3.9 percent in February 2010 from a year ago.
Saks Fifth Avenue named “fashion jewelry” one of its strongest categories in its last quarter.
De Beers sold nearly $2 billion of rough diamonds in its first four sights of the year; in 2009, those initial four sights took in less than $1 billion.
The Harrison Group expects spending on luxury goods and services to increase by $28 billion in 2010.
Birks & Mayors’ net sales rose 29 percent in the fourth quarter, ending March 27.