Monthly spend on luxury jewelry has increased on an annual basis each month since September, according to Citi. In May, total luxury jewelry spend surged 10.1% year over year.

Luxury watch spending has seen some gains this year, but less consistently than that of jewelry. Across all luxury watch brands, spending increased 14.7% compared with May 2024.

Jewelry sales outperform as U.S. spending for most luxury goods falters, Citi report finds By Hayley Cuccinello, CNBC • Published July 1, 2025 • Updated on July 1, 2025 at 5:09 am BOOKMARKER ...