But traditionally jewelry retailer sales have totaled roughly half of BEA’s private consumption knowledge, so we will estimate jewelry retailers generated some $47 billion in gross sales, up about 40% over $33.3 billion in 2020. And among the over one hundred particular person classes of consumer items spending reported by the BEA, jewelry was tops in overall development. Other classes, like gasoline and used vehicles and vehicles, neared jewelry’s degree, but these have been high inflation categories, with prices up 50% and 37% respectively. Reed Krakoff, Tiffany & Co.’s chief artistic officer – liable for directing the design of Tiffany’s …