New York--Experts predict jewelry sales will increase in 2008, despite the sluggish U.S. economy, thanks in large part to the bridal category.
The International Diamond Exchange forecasts a 3 percent increase in U.S. jewelry sales, from $64 billion in 2007 to $65.9 billion in 2008.
According to industry analyst Ken Gassman, Millennials--the children of Baby Boomers--are likely to spend heavily on bridal jewelry since they are wealthier than preceding generations.
Gassman also predicts 30 percent growth in the number of weddings that will take place within the next 10 years.
Source By : jewelryfriend.com/
No comments:
Post a Comment