Holiday jewellery purchases decline

Diamond Investing News reports holiday season sales for jewellery have declined, disappointing many jewellery companies.

A study completed this fall by the Harrison Group and American Express Publishing found that of all the luxury categories, jewellery could take the biggest hit in the downturn. Planned spending by affluent consumers on jewellery was down 15 per cent from last year-the worst of any category except sport-utility vehicles.

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