Americans Are Spending More on Luxe Jewelry While Decreasing Spending on Other Goods: Report

Americans Are Spending More on Luxe Jewelry While Decreasing Spending on Other Goods: Report

A new Citi report finds that U.S. consumers have increased spending on fine jewelry, while opting out of other luxury sectors like handbags.

Jewelry sales outperform as U.S. spending for most luxury goods falters, Citi report finds

Luxury spending decreased less than feared in May, but it's too early to say that upper-income consumers have reached a turning point.

Jewelry sales up even as luxury retail declines

Luxury retail sales decreased during the first five months of the year compared to the same period last year.  However, in May, luxury spending showed a better-than-expected performance, experiencing a smaller decline of 1.7% year over year, following larger declines in previous months (6.8% decline in April and 8.5% decline in March). The big picture: Despite the overall decline in luxury spending, jewelry sales emerged as a notable exception b…

Latest Luxury Market Data Reveals Diamonds Really Are Forever

Luxury Spending Slows, But Jewellery Keeps ClimbingWhile most luxury sectors are stuck in a holding pattern, jewellery sales are still climbing across the U.S., according to a new Citigroup report. The group looked at credit card data from over 10 million U.S. shoppers, revealing that despite a broader slowdown in high-end consumer spending, and in […] Read the full article Latest Luxury Market Data Reveals Diamonds Really Are Forever on DMARGE.…

Jewelry sales outperform as U.S. spending for most luxury goods falters, Citi report finds – RetailWit

Luxury spending decreased less than feared in May, but it’s too early to say that upper-income consumers have reached a turning point.

Cartier In, Chanel Out? Jewellery Shoppers Up 10% as High-End Handbag Sales Collapse—Experts Say Gold is the New It-Bag

Luxury jewellery spending soared over 10% in May 2025 across the US, bucking the broader luxury slowdown and signalling a shift in consumer priorities. As handbags and apparel categories continue to struggle, new data suggests shoppers are turning to gold and fine jewellery for their investment value and emotional resonance, leaving flashy logos behind. According to Citigroup's latest credit card analysis, overall US luxury goods spending declin…