JCK 5: Signs the Economy Is Looking Up

1According to the U.S. Department of Commerce, specialty jewelers’ sales were up 3.9 percent in February 2010 from a year ago. 2Saks Fifth Avenue named “fashion jewelry” one of its strongest categories in its last quarter.3De 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. 4The Harrison Group expects spending on luxury goods and services to increase by $28 billion in 2010.5Birks & Mayors’ net sales rose 29 percent in the fourth quarter, ending March 27.
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