Online jewelry, watch sales surge in 2Q
August 06, 2007



Reston, Va.—Online jewelry and watch sales increased 32 percent in the second quarter of 2007, compared with the same period last year, according to a recent report on U.S. e-commerce spending from ComScore.

Total U.S. online consumer spending (both retail and travel) increased 19 percent to $47.5 billion for the period, compared with $40 billion in the second quarter of 2006.

“Retail e-commerce rebounded solidly in the second quarter after a modest start to the year,” ComScore Chairman Gian Fulgoni said in a media release. “After posting 17 percent growth versus a year ago in the first quarter, retail e-commerce sales grew 23 percent year-over-year in the second quarter, matching the growth rates we’ve seen during the past couple of years.”

During the first half of 2007, total U.S. online consumer spending (both retail and travel) increased 17 percent to $94.7 billion, compared with the same period last year. Based on these growth rates, total U.S. online consumer spending is on track to reach $200 billion in 2007, compared with 170.8 billion in 2006.

Reference: National Jeweler