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Jewelry Sales to Shine in 2013

  • Jewelry Sales to Shine in 2013

    Jewelry Sales to Shine in 2013

    Date added: 04 Apr 2013

    Jewelry sales are expected to grow more than 11 percent in the second quarter and nine percent overall this year, according to a new Big Data-based retail forecast from IBM. Improved consumer confidence, lower unemployment and enhanced stock dividends from the fourth quarter of 2012 have people ready to spend on luxury items like jewelry again. The forecast applies patented IBM algorithms to some 22 years of historical retail data. As a result, it's over 97 percent accurate -- four times as accurate as retailers’ own forecasts. (Credit: IBM)