Fossils, Tiffany jewelry sales lead rebound

Stephanie Wu packs a lot of trinkets to her four jewelry cases. The number of residents of Manhattan, she spent nearly 500 yuan a month bracelets, rings, necklaces and other ornaments.

She raised her jewelry consumption in recent years has been working hard, even in the economy.

I started to invest in jewelry last two or three years, because the economy is lower than ideal, you have to find cheaper alternatives, update and refresh your look, she said, like Ornament is a cheap way of doing it than buying clothing.

Wu have a lot of company. The jewelers of the country enjoyed the boom year in 2011, online diamond trading platform, said Ken Gassman, director of IDEX network.

Gassman said, in 2011, the U.S. jewelry and watch sales venue record $ 6.83 billion U.S. dollars with the previous year, an increase of 11%, which is based on the industry of the Ministry of Commerce of the first 25 years of double-digit sales gains . Professional jeweler's sales rose a solid 10.7 percent to $ 2.96 billion.

Without chain, to help offset the high cost of precious metals and diamonds, prices, sales increased 2.5 percent, Gassman said. Nevertheless, he encouraged the double-digit jump We believe this is conclusive evidence, the jewelry industry has emerged from the Great Depression with sufficient vigor, and prepared to continue long-term growth, he wrote in the IDEX Online.

Emblem (SIG) and Tiffany's top jewelry retailers. (TIF) to grab their fair share. Tiffany to see double-digit sales rose last four quarters. Emblem to see three quarters of double-digit growth.

Watch hot sales rose 12.1 percent. Watches and accessories designer and retailer Fossil (FOSL) of all four quarters of double-digit sales in the 2011 blaze.When you think of cheap Nike Free TR Shoes for women, one of the first things to people's mouth is the Nike Shox Navina The same rate in all but three quarters of the profits.

Investors have noticed. Retail Wholesale Jewellery Group ranked No. 11 (Friday) in IBD's 197 industry groups, from No. 195 in early February.

Business

Ronald bookbinder, benchmark the company's analyst, said the fossil is riding a healthy environment, and accessories to buy and watch the crest of the strong cycle.

Its fourth-quarter profit rose 28 percent. Sales revenue increased 18%.

Fossil fashion watches, jewelry, handbags, and apparel under its proprietary and licensed brands, and sold more than 390 state-owned shops. It also sells wholesale to department stores, professional watch and jewelry stores in the United States and about 120 countries.