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US jewellery industry goes downhill

22-10-2018

 

The recorded United States jewellery businesses dropped 4.7 percent from 27,492 to 25,268 in Q3, compared to last year, as stated by Jewelers Board of Trade (JBT). The number of closed wholesalers reduced 35 percent and 51 newcomers entered the industry while 12 manufacturers off the market and the exited retailers climbed 10 percent. Most of the quitted companies were not involved in any financial failure or merger.

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