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The National Retail Federation is optimistic about the year ahead, so long as the vaccine rollout goes according to plan.
The National Retail Federation credits the holiday season momentum and stimulus checks for the rise in sales.
But jewelry brands Boucheron and Qeelin continued to perform well in the Asia Pacific region.
Though watch sales were strong, jewelry sales sank 20 percent in the third quarter.
The Danish jewelry company is approaching 2021 with caution as COVID-19 restrictions linger.
The watch company closed 384 stores and cut its workforce by 10 percent.
The watch and jewelry category saw a strong rebound in China in the second half of the year but slipped double digits for the full fiscal year.
Sales of brands including Cartier and Van Cleef & Arpels were up 9 percent in the quarter.
National Jeweler

Fine Jewelry Industry News

Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.