Sturdy U.S. Silver Jewelry Sales Continued in 2016
Survey Shows Eighth Consecutive Year of Silver Jewelry Sales Growth
Survey Shows Eighth Consecutive Year of Silver Jewelry Sales Growth
WASHINGTON, March 22, 2017 /CNW/ -- Silver jewelry sales in the United States were strong in 2016, with 62% of jewelry retailers reporting increased sales, according to a survey conducted on behalf of the Silver Institute's Silver Promotion Service (SPS). The results showed that 2016 was the eighth consecutive year of silver jewelry sales growth.
Highlights from the 2016 survey include:
A copy of the report can be downloaded here: 2016 Silver Jewelry Sales Results
Michael DiRienzo, Executive Director of the Silver Institute commented, "Our Silver Promotion Service develops and implements programs which are designed to enhance the image of and stimulate demand for silver jewelry. While we are obviously pleased with the survey results, we are particularly struck by the fact that 62% of retailers reported they had increased their silver jewelry inventory on average of 24% last year."
The survey, conducted by INSTORE Magazine, was fielded in February this year. This was the eighth consecutive year that SPS has commissioned such a survey.
The Silver Institute is a nonprofit international industry association headquartered in Washington, D.C. Established in 1971, the Institute's members include leading silver producers, prominent silver refiners, manufacturers and dealers. The Institute serves as the industry's voice in increasing public understanding of the value and the many uses of silver. For more information on the Silver Institute, or silver in general, please visit: www.silverinstitute.org. For more information on the Silver Promotion Service, please visit www.savorsilver.com
SOURCE The Silver Institute
Michael DiRienzo, The Silver Institute, 202-495-4030, [email protected]; Or Michael Barlerin, Silver Promotion Service, 646-290-5074, [email protected], http://www.silverinstitute.org
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